Homeowners insurance for a $400,000 home averages $3,216 annually but varies widely by location, from $1,488 in New Hampshire to over $7,300 in Florida. Coverage should reflect rebuilding costs, not purchase price, and include dwelling, personal property, and liability protection. Factors affecting cost include credit score, deductible, home age, and claims history. Flood and earthquake insurance require separate policies. To save, shop around, improve credit, raise deductibles, and seek discounts.
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