Homeowners Insurance in Roswell, Georgia (2024)

The average cost of homeowners insurance in Roswell is $1,652 annually, with rates ranging from $1,179 to $2,358 for most people. Rates vary due to location, provider, and property, so you won’t know your exact cost until you get quotes.

Roswell’s average rate of $1,652 is notably cheaper than Georgia’s overall average premium of $2,166 yearly. A likely reason for Roswell’s relatively cheap rates is because Georgia statewide premiums include areas near the Atlantic coast, which are much more prone to hurricane and tropical storm damage and have higher premiums as a result.

Home insurance rates in Georgia climb as you approach the coast. Since Roswell is well inland, it has lower premiums.

However, your rates will also depend on your home’s value. If your house costs more to build, it will cost more to insure. Larger, more expensive homes need more coverage (namely dwelling coverage) because they have higher replacement costs.

Look how insurance rates in Roswell climb as dwelling coverage amounts increase.

Home insurance costs are nuanced, and you can’t be sure what you’ll need to pay until you get quotes for your exact property. Additionally, every company has different underwriting methods that produce different rates. So, you should always shop around and compare multiple quotes in order to find the cheapest home insurance in Roswell.

Every home insurance plan, regardless of provider, includes the same standard areas of coverage. They generally look as follows:

The best homeowners insurance in Roswell is the policy that covers your property and liability sufficiently at a price you can afford. This can come from any company and depends on your circumstances and coverage needs. It’s hard to designate one carrier as the outright “best” because each person is different.

Instead, you should understand the nuances of your policy and adjust your plan to fit your needs, so you can make any coverage optimal for your situation. Then, you can look for the lowest rates among providers.

The main driver of insurance rates are your policy limits. Each coverage area has a maximum possible payout called a limit. Adjust these limits based on your needs.

For instance, you can opt for the precise amount of personal property coverage you need, rather than estimating and possibly over or underinsuring yourself, by maintaining a home inventory and knowing exactly how much your posessions are worth. The total cost of your belongings is the exact number to which you can set your personal property limit.

You can also easily adjust your liability limits. Companies typically recommend at least $300,000 in liability coverage, but it’s not uncommon for people to opt for $500,00 or more. You should consider raising your liability limits beyond the minimum if you have significant assets or a high net worth.

Additionally, ensure your dwelling limits are satisfactory for your budget. You must insure your house to at least 80% of its replacement cost, but you can increase the coverage to 100% or more with extended replacement cost coverage or similar add-ons. You should also revisit your dwelling limit if you make renovations or major property changes that alter its value.

Note what home insurance doesn’t cover, and address these areas if you want. Carriers offer endorsements, which are optional coverage additions, for certain perils or items not covered by default. Common endorsements include scheduled personal property coverage for valuables, water backup coverage for backups through sewers and drains, and permitted incidental occupancy endorsements for home-based businesses.

You should also note when your policy covers damage at actual cash value or replacement cost. Replacement cost is preferable if you have the choice between the two coverage options, but it’s also more costly. Actual cash value factors in depreciation when reimbursing you, which lowers payouts.

Shopping around for coverage is the best and most proven way to save money on home insurance in Roswell. Comparing multiple quotes will allow you to find the cheapest providers. Also, you can gauge discounts, endorsements, and customer service among the carriers you shop with, which can influence your final decision.

Other premium-saving tips include raising your deductible, although you should always keep it at a number you can afford if needed. Placing your deductible too high defeats the purpose of having insurance in the first place.

You should also always ask about available discounts, and don’t be afraid to shop around again at renewal time if your rates increase. If your carrier has a loyalty or claims-free discount, weigh if staying with your current company outweighs the possible savings of switching to another.

Unfortunately, homeowners insurance doesn’t cover flood damage, which is important to know because floods are one of the most costly natural disasters in the country every year. Floods can affect any property.

Roswell’s website reports that nearly 10% of city residents are in or near a floodplain where flooding risk is heightened. The Federal Emergency Management Agency (FEMA) maps flood risk for the country. Since home insurers don’t cover flood damage, the government is also forced to offer subsidized flood insurance through the National Flood Insurance Program (NFIP), administered by FEMA.

Even if your home isn’t in a flood zone, you might want to consider flood insurance in Roswell. The NFIP reports that over 20% of its claims come from properties outside designated high-risk areas.

Our team at Clovered can help you find a policy from the NFIP or from a private flood insurer. Private flood insurance companies are a minor part of the market, but they offer some benefits that government-backed NFIP policies can’t match.

For most people, the average cost of home insurance in Roswell lies between $1,179 and $2,358. In addition to home value and location affecting your premiums, several other factors influence how much you’ll pay for insurance.

Home age is a crucial factor in insurance premiums. Newly built houses are up to the latest building codes, making them more likely to withstand severe weather. Older houses have dated components, such as roofs, pipes, and siding, that more easily fail in harsh weather conditions. They may also be compromised from wear and tear. So, insurers consider older homes more of a financial risk and charge them higher premiums.

Other aspects of your home’s construction are also important. Brick or masonry dwellings withstand wind and fire damage better than wooden frame homes and usually have lower rates. Also, having wind mitigation features can save you significant amounts on premiums. 

Insurers will also note home features separate from construction. For instance, houses with attractive nuisances, such as pools, trampolines, and playground equipment, create larger liability risks and normally have higher rates.

Carriers will also assess more personal details when determining premiums. For instance, having a history of filing home insurance claims is detrimental to rates. Companies believe a repeat claim filer is a financial risk and will typically charge higher premiums. You may also pay more for property insurance in Roswell if you have a low credit score.

Also, owning certain historically aggressive dog breeds, such as pit bulls, is problematic to some carriers due to their liability risk. They may raise premiums for owning such dogs. 

One of the best ways to gather home insurance quotes in Roswell is with the help of an independent agent. An independent agency partners with several companies and can find the best choice for you among their carriers.

At Clovered, we work with some of the best providers in Georgia, and we’ve helped thousands find and maintain our coverage since our founding in 2018. Feel free to use our online quoting platform to compare your policy options at your own convenience.

You can also call our licensed agents at  833-255-4117 during business hours to get a Roswell home insurance quote over the phone. Our team is happy to help. You can also email us at  [email protected].