05-15-2007, 06:21 PM
There's a huge variation based on a lot of things. I live in the Puget Sound area, and I just got my renewal notice. I'm now paying $598 for $365,000 worth of coverage on the dwelling and $273,000 of personal property and some scheduled personal property. Also included in that is coverage for an outbuilding and 12 months loss of use. (Plus the usual liability and med stuff.)
However, I decided a couple of years ago to go through the scheduled personal property and pare it way down, and I also increased my deductible to $2,500. For the June 2004 - June 2005 policy period, my premium with a $1,000 deductible and only $313,000 coverage on the house and 235,000 on the personal property was $998 a year.
I suggest you see how far you can kick up the deductible and also make sure you're not scheduling anything but the absolute most valuable items.
I also get some kind of (probably phony) discount each year because I've been with the same company since sometime around 1991, and I also have my auto coverage and an umbrella policy with them.
However, I decided a couple of years ago to go through the scheduled personal property and pare it way down, and I also increased my deductible to $2,500. For the June 2004 - June 2005 policy period, my premium with a $1,000 deductible and only $313,000 coverage on the house and 235,000 on the personal property was $998 a year.
I suggest you see how far you can kick up the deductible and also make sure you're not scheduling anything but the absolute most valuable items.
I also get some kind of (probably phony) discount each year because I've been with the same company since sometime around 1991, and I also have my auto coverage and an umbrella policy with them.