Is it normal for homeowners insurance to be this expensive?

Is my homeowners insurance quote too high?

You're seeing a homeowners insurance quote that feels higher than expected and want to know if the cost is typical. Homeowners insurance premiums vary widely based on your home's location, age, size, and coverage amount, plus factors like local weather risks and claims history in your area. Insurance companies calculate premiums differently, so quotes can range significantly even for the same property. Your lender requires homeowners insurance before closing and will collect the first year's premium at settlement, plus additional months for your escrow account.

Check your Closing Disclosure for the exact insurance amount—it shows the annual premium and escrow deposits on page 2. Compare quotes from multiple insurers to see the range for your property. You can also adjust your deductible or coverage limits to change the premium, though higher deductibles mean more out-of-pocket costs if you file a claim. Share your quotes with your lender to confirm the escrow calculations and discuss any questions about the insurance requirements.