Getting a Marion Home Insurance Quote Has Never Been Easier!
Finding the right Marion homeowners insurance can be confusing and time-consuming. TGS Insurance Agency is here to change that. Our expert home insurance agents do the hard work for you, making your home insurance shopping experience easy and stress-free. Getting started is simple; enter your address for a free, no-obligation instant quote, and our helpful team will take it from there!
Marion Home Insurance Coverage: The Basics
If you’re like most homeowners in Marion, your home is your most valuable asset, and you should protect it as such. It’s important to understand that when you create your home insurance policy, it should meet your individual needs. Insurance companies offer different levels of coverage, endorsements, and protections with varying conditions and limitations that enable policies to be customized. With that in mind, the most common types of coverage you will see on a homeowners insurance policy include:
- Dwelling coverage for the structure of your home.
- Other structures coverage for structures not attached to your home, like detached garages, sheds, and fences.
- Personal property coverage for replacing and repairing furniture, electronics, clothing, etc.
- Loss of use coverage for additional living expenses if you need to stay somewhere else while your home is being repaired.
- Personal liability coverage for legal bills if someone gets injured on your property or you cause damage and get sued.
- Medical payment coverage helps cover medical expenses for nonhousehold members injured on your property.
Cost of Home Insurance in Marion
In Marion, the average home insurance costs $831 per year for TGS Insurance customers. The cost of your home insurance is based on several different factors, including, but not limited to:
- The value of your home.
- Where your home is.
- How old your home is.
- The number of residents in your home.
- Your credit score.
These factors set a base for your home insurance, and then you can customize your coverage. The more coverage you choose to have, the more your yearly premium will be. TGS Insurance is here to help you find the best price without sacrificing any coverage you want.
Home Insurance in Marion Cost by Dwelling Coverage Limit
Dwelling coverage limits are one of the key factors that insurers consider when setting premiums. You’ll generally pay a higher premium if you choose a high dwelling coverage limit. However, ensuring adequate coverage to protect your home during a loss is important. If you have a mortgage on your home, your lender may require you to have a certain amount of dwelling coverage to protect your investment.
In Marion, North Carolina, a policy with $200,000-$299,999 in dwelling coverage costs an average of $905 per year. However, if your home is worth more, you’ll want more coverage, so homeowners wanting $400,000-$499,999 in dwelling coverage will pay an average of $1,365 in Marion, North Carolina.
|Dwelling Coverage Limits||Average Annual Premium (incl. Windstorm & Hail Coverage)|
|$100,000.00 - $199,999.00||$627.56|
|$200,000.00 - $299,999.00||$905.18|
|$300,000.00 - $399,999.00||$1,125.54|
|$400,000.00 - $499,999.00||$1,364.88|
How the Age of Your Marion Home Affects Your Insurance
The main difference between older and newer houses is that older homes pose a larger risk to insurance carriers. Older homes are more susceptible to fires and issues with plumbing and roofing. It would also be more expensive for carriers to repair older homes, so your premium will be higher. To avoid high premiums on older homes, keep up with home maintenance. If you update your home systems, your insurance carrier will not see them as a big risk.
How Marion Home Insurance is Affected By the Size of Your Home
When it comes to determining the cost of your home insurance, there’s a lot that goes into it. Carriers will look at your home’s age, location, and size- among other things. The size of your home is a factor because it affects your replacement cost.
If you have a house with higher square footage, your home will be more expensive to rebuild if a total covered loss damages it. If you think about it, a larger house requires more building materials, time, and manpower to rebuild from the ground up. It goes the other way for smaller homes. If you have less house to rebuild, your home insurance premium will be lower.
Looking at the numbers, houses in Marion, North Carolina, that are over 2,500 square feet average about $1,371 per year to insure. In contrast, houses that are under 2,500 square feet cost $799 to insure a year.
Best Marion Home Insurance Carriers
Knowing who will give you a competitive premium in your area is a big part of choosing your home insurance. Among TGS customers, the most popular carrier in Marion is SageSure. The average annual premium with SageSure is $602. Other popular carriers are Travelers and Safeco. Choosing a carrier is more than just the price; however, here at TGS Insurance Agency, we know that price is one of the more important factors. Check out the table below to see the average price for Marion based on the insurance provider.
Marion Zip Codes TGS Insurance Agency Insures
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