The city of Texas is the second city that has the most expensive insurance pay for homeowners with a cost of $3,875 per year or about $323 per month.
Texas Is Second To The Most Expensive Home Insurance In The U.S. Check Here Why! (PHOTO: CNN)
Check Here Why Texas Is Second To The Most Expensive Home Insurance In The U.S.
According to NerdWallet, The City of Texas is the second of the most expensive pay for homeowners insurance, the first city is Oklahoma. Texas has an average cost of $3,875 per year or about $323 per month.
That is more 113% than the national annual average which is $1,820. and it’s worst for those people that have poor credit, who are paying $6,855 per year for homeowners insurance, and 77% people with good $6,855 per year for homeowners insurance. The reason why homeowners insurance is very expensive in the city of Texas is that the state making worse the risk due or a myriad of natural disasters including tornadoes, wildfires, hail, and hurricanes which could damage some homes.
The damage of severe weather can cost high labor for renovation. Materials right now are very expensive for construction. Here are some averages homeowners insurance payments, it also depends on the payment sent to the Texas City you live in, Houston: $4,595 per year or $383 per month, San Antonio: $2,900 per year or $242 per month, Dallas: $4,255 per year or $355 per month, Austin: $2,580 per year or $215 per month and lastly Fort Worth: $4,535 per year or $378 per month.
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Why Texas Is Second To The Most Expensive Home Insurance In The U.S: Check Here!
Home is at risk because of the several types of severe weather and standard homeowners insurance should cover all the expenses from this but they say you need to pay separate charges when your house is damaged with hail. If you have any questions about your Homeowners Insurance policy you can contact the Texas Department of Insurance and call at 800-252-3439.
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