Rossi Real Estate Services LLC
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Protect your home: A basic guide to average cost of homeowners insruance

by Rossi Real Estate Services LLC 01/26/2025

skyview picture of homes with text on top

With the numerous options available, you may be wondering about the cost of homeowners insurance. This guide provides a breakdown of the average cost of homeowners insurance and what to expect when getting coverage. 

What are homeowners insurance policies?

Home insurance is technically a type of property coverage. Policies offer financial compensation when perils damage your home and personal items. Policies may cover the structure of the home, structural attachments to the property, offer liability coverage or replace personal items. 

For example, a storm with high winds may damage your front door. Your insurance company evaluates the damages. Then, they provide financial coverage to repair your door. 

What factors affect the cost of homeowners insurance?

Homeowners insurance costs about $1500 per year. Many factors contribute to the price of a policy. These factors include:

  • Size of property.
  • Geographic location.
  • Building materials.
  • Age of property.

There are factors you can control that affect your overall policy cost, like your deductible amount. If you have a higher deductible, you pay more out of pocket if damages occur. However, your monthly premium will be lowered. If you have a lower deductible, you pay less when damages occur. A lower deductible usually means a higher monthly premium. 

The average home insurance cost varies due to a number of factors. Researching and comparing policies can help you find the most affordable coverage. 

About the Author
Author

Rossi Real Estate Services LLC

Rossi Real Estate Services LLC is a boutique real estate brokerage firm that provides close personal attention to buyers and sellers in the Capital Region and surrounding areas. “Typical” is not a word that clients use to describe Rossi Real Estate's approach to home buying and selling.  Building upon years of experience, Rossi Real Estate employs creative marketing approaches, combined with a vast network, to quickly sell homes.  By creating home floor plans, professional photography, and online marketing videos, Rossi Real Estate is able to depict home layouts and professional marketing to potential buyers before stepping foot in your home; this saves the seller valuable time by attracting only those buyers who have greater interest in the home. Additionally, by employing targeted online marketing, Rossi Real Estate targets buyers searching for homes just like yours.  

Joe Rossi, the Principal Broker at Rossi Real Estate, builds upon over 12 years real estate experience in every transaction. Joe zealously advocates for his clients by combining his diverse background in law, finance, complex negotiation, and management, with compassion and exemplary communication skills creates.  He explains transaction details and guides his clients through every step of the buying and selling experience.  Furthermore, Joe listens to his clients’ wants and needs.  In a recent transaction, the buyer profusely thanked Joe, stating he was, “[T]he only one in the transaction that was capable of communicating with the sellers in a way that ensured we were able to close on our dream home”. 

Our real estate practice includes leading professionals, all of which are NYS Licensed Real Estate Sales Associates: Joseph R. Rossi, Ryan Hart, & Dustin Cogswell. Their experience includes work at a fortune 100 company, military operations, and technical recruiting.

If you're looking for a real estate broker who goes above and beyond the industry, who genuinely cares about their clients, and who will drive results, contact Rossi Real Estate Services LLC today.

The Stuff our attorneys make us include...

In accordance with Real Property Law §442-H, Rossi Real Estate Services LLC implemented a Standardized Operating Procedure governing client engagement. As such, prior to any engagement, Broker:

1. Requires a buyer to produce identification if the identity of the buyer is not readily known through a personal relationship with the broker or licensed sales person;

2. Requires an exclusive agency agreement (i.e. exclusive broker agreement) prior to engagement with any buyer;

3. Does not require pre-approval for a mortgage loan; however, a pre-qualification letter for a mortgage loan or, for cash buyers, proof of funds is required.

Although Broker may not require certain information, a seller of real estate may require this information prior to showing the property and/or as part of any purchase offer.