Billings, MT homeowners are paying an average of $1058 in home insurance each year. Factors that affect the cost of a policy include home value,coverage type, deductible and age or the material used to build your house. There are different ways to reduce the homeowners insurance cost, and the easiest way is to choose a higher deductible. Below is the summary of average home insurance costs available to Billings  homeowners based on the deductible and other variables.

Billing, MT Homeinsurance Cost for Different Deductibles

Deductible is the amount of money that an homeowner pays out of pocket before the  policy begins paying out the claim. Choosing a higher deductible means lowering the potential benefit, which in turn makes the policy less valuable and therefore cheaper. Homeowners in Billings  can get $759.94 worth of coverage for as little as $2500 with an attractive discount available by opting for higher deductibles.Homeowners receive insurance for $808.1 and $890.2 respectively, on deductibles $2000 and $1500.

Age of the home is an important variable to decide the home insurance cost.Older homes are more likely to have structural damages that increases the risk and thus increases the premiums. Billings, MT homes older than 40 and 50 years old pay $1086 and $1098 respectively. On the other hand newly built homes are less prone to damage and home insurance companies offer substantial discounts to newly constructed homes. For instance newly constructed homes in Billing can avail lower insurance of $762.

The cost of home insurance is determined based on factors such as construction type. For example, a fire-resistant house will make your average annual premium significantly lower at $910 per year in Billing due to the risk of damage from fires or other combustion reactions. Homes built with Masonry and Brick can receive an average price for homeowners' insurance coverage in Billing starting at $1005. Whereas homes built with superior and hail resistant roofs attract a higher amount $963 and $1037 respectively.

Homes built with special features are likely to attract a higher amount of premium than the state average. For instance, homeowners in Billing pay $1079 of premium for installing a swimming pool. In addition, if the swimming pool comes with a diving pool or slide, home owners can avail insurance of $1,111 and $1,121 respectively.Although most of these factors are not in your control, there are other factors such as credit score, you can control. Credit score is a rating calculated and used by insurance providers that represents the chances of an individual filing a claim while under coverage.Homeowners with high credit scores are likely to get lower rates from the Insurance companies.