Getting a Siloam Springs Home Insurance Quote is as Easy as 1-2-3!
Getting the best homeowner’s insurance in Siloam Springs is simple when you use TGS Insurance’s proprietary online quoting tool for a free, no-obligation quote.
- Enter your address
- View your quote
- Customize your coverage with the guidance of one of our expert independent agents
Siloam Springs Home Insurance Coverage: The Basics
You’ve invested in your house; now it’s time to protect it while you make it your home. Most standard policies will provide coverage for the structure of your home, any additional structures on the property, such as a shed or detached garage, and your personal belongings (with varying limits). Coverage will also include financial protection from legal action and medical care in the instance that someone is harmed on your property.
How Much is Home Insurance in Siloam Springs, Arkansas?
The average cost of homeowners insurance in Siloam Springs is $1,345 among TGS Insurance Agency customers. This average includes windstorm and hail coverage and is based on policies with an average home value of $200,658. Every policy is unique based on the characteristics of the home and coverage needs, so rates will vary from home to home and even carrier to carrier. By comparison shopping policies, we can find the right policy at the best price without compromising on coverage. On average, we’ve been able to save our customers more than $850/year when they switch to TGS Insurance Agency. Finding out how much you can be saving is as easy as providing your address above for an instant quote– really!
Average Home Insurance Quotes in Siloam Springs By Dwelling Coverage Levels
Home insurance carriers consider several different factors when calculating your home insurance premium. One of the biggest components is how much dwelling coverage you need. Dwelling coverage refers to the amount it would cost to completely rebuild your home from the ground up to its current value. Unfortunately, some homeowners don’t carry enough dwelling coverage. If a disaster were to strike, you wouldn’t have enough financial assistance to help rebuild your home and would be left with the remaining balance. In Siloam Springs, homeowners wanting $100,000-$200,000 in coverage should expect to pay about $1,231 per year for homeowners insurance. For $300,000-$400,000 in dwelling coverage, homeowners would see an average of $1,762 in Siloam Springs, Arkansas. The more dwelling coverage, the higher the home insurance premium.
Home Value Average Annual Premium (incl. Wind Coverage)
Siloam Springs Home Insurance Quotes and Your Home’s Age by the Numbers
Many factors go into calculating your home insurance premium, one of which is your home’s age. Typically, older homes are more expensive to insure because their construction and structural components tend to be more obsolete (Ex. using galvanized piping instead of PEX) and experienced years of general wear and tear. Both contribute to an older home being more susceptible to damage- therefore a higher risk to insure. Our data shows that homes in Siloam Springs for homes that are 15+ old are on average 32% higher than homes that were built within the past 15 years.
Home Age Average Annual Premium (incl. Wind Coverage)
0-15 Years $1,139
15+ Years $1,501
Age is not the only influencing factor for your home insurance premium. Carriers look at a variety of other things, including:
- Attractive nuisances (Ex. pools, trampolines, playsets, etc.)
- Breeds of pets
- Claims history
- Credit history
- Crime rate
- Marital status
- Replacement cost
- And much more!
Cheapest Siloam Springs Home Insurance Carriers
When considering purchasing a home insurance policy, the price is more often than not the most influential factor. Carriers set their own rates, so your policy premium will vary across different providers even with the same coverage. Our two most affordable (and popular) insurance providers in Siloam Springs, Arkansas, are Encompass and State Auto. On average, TGS Insurance homeowners in Siloam Springs, Arkansas, pay $1,348 for Encompass annually and $1,681 for State Auto.
Siloam Springs Zip Codes We Insure
Zip code not listed? Not a problem! We can find incredible rates for homeowners throughout Arkansas. Enter your address above for a free instant home insurance quote.