If you’re looking for cheap homeowners insurance, the cost should be your determining factor. This is because there are plenty of policies from different insurers that offer the same core coverages at varying price points.
In Lexington, the cheapest home insurance policies on average with the baseline dwelling coverage of $100,000 are offered by:
- Travelers: $632 per year
- Allstate: $773 per year
Dwelling coverage can vary, however, based on how much it costs to rebuild your home. The more expensive it is, the higher limits you need. The cheapest insurers for Lexington residents who need $2 million in dwelling coverage limits are, on average:
- USAA: $6,121 per year (only available for current and former military members and their families)
- Travelers: $7,855 per year
Take a look at the table below to see how adjusting your dwelling coverage limits will change your premiums.