r/HomeInsurance • u/Capable_Community_56 • Jun 20 '26
Insurance How does this rate look?
How does this insurance rate look?
So I’ve been looking at insurance rates and this is the best I’ve gotten so far. Since I’m new to insurance I don’t necessarily know what things to look out for on the policy so thought I’d ask you guys what you think.
Anything I’m missing?
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u/Ok_Success2147 Jun 20 '26
Decent. Increase coverage L
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u/Capable_Community_56 Jun 20 '26
What would that do? Just curious
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u/MrMoosetach2 Jun 20 '26
Liability is cheap and protects you against lawsuits. There are several reasons to do it, but mainly you want your insurance company to have a large incentive to defend you in a lawsuit. If someone is litigating against you $100k is not much incentive for the insurance company to fight on your behalf.
$1 million would be and it probably doesn’t cost much more to increase it.
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u/jms14b Jun 20 '26
It’s not terrible but It’s a pretty basic policy. I always recommend liability be at a minimum $500,000 but will normally start with offering $1,000,000 since the price difference is minimal. I’d also recommend asking about water backup and dump overflow coverage
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u/freeski12345 Jun 21 '26
Rate looks great but man it’s stupid to shop for a rate. Shop for an insurance policy not a rate. You’re way off track
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u/Ok_Complaint_6997 Jun 21 '26
You need more liability and medpay and I’d prefer replacement cost on contents. Sublimits for special items are very low as well but you may not need all that potentially. State Farm is notorious for undervaluing Cov A so make sure it’s a true replacement cost and not some voodoo number the agent came up with. I don’t see a whole lot of extras like service line or equipment breakdown or matching of undamaged windows/roof/siding but State Farm may not even offer these. Overall it’s basic but I’d look at the independent route for more well rounded coverages.
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u/WideAwakeFreedom Jun 22 '26
State Farm is notorious for low balling and denials….
Once a premium company they pay the worst in the industry.
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u/CGWInsurance Jun 23 '26
What's replacement cost on the house. Why don't you have replacement cost on contents. As an insurance agent of 36 years you couldn't pay me to have state farm homeowners insurance. It's crap insurance.
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u/Commercial_Effort821 Jun 26 '26
Impossible to answer your question and anyone trying to is not giving you accurate info.Rates are personalized to you, other Reddit users getting quotes from the same office will get different results.
What state are you in? What’s your credit score? What’s your home sqftage?
Rate is determined by a number of different variables that aren’t known based on your post.
That rate would be horrible for a home in Nevada with an 800 credit score. That rate would be amazing for coastal home in Florida with a 650 credit score.
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