Roswell Insurance Rates:

Roswell, NM homeowners insurance is roughly $562 to $763, about $46-$63/month. Our complete guide indicates shoppers can save upto $264 by comparing multiple quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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Find the Cheap Homeowners Insurance in Roswell, NM

As a Roswell resident, you know that your home is one of your most valuable assets. But what would happen if your home was suddenly damaged or destroyed? Would you be able to afford to rebuild? That's where home insurance comes in.  Home insurance protects your home (and your belongings) from various risks, including fire, theft, and vandalism. It can also help to cover the cost of temporary housing if your home is uninhabitable due to damage. So, if you're looking for peace of mind, consider purchasing home insurance. It could be the best decision you ever make for your home.

The average cost of homeowners insurance in Roswell, NM, is $743. Home insurance providers in Roswell, NM, use a number of factors when determining your premiums. These include the home's age, location, deductible, claim history, type of materials, and other factors. Insurance companies also take into account specific attributes like a swimming pool or trampoline on the property and potential safety elements to safeguard your home.

VHome has explored the factors influencing the cost of home insurance in detail, and here are three tips for finding cheap Homeowners insurance in  Roswell, NM.

1. Choose a Higher Deductible

Choosing a higher deductible will lower your premiums because you’re shouldering more of the risk. That means your insurer will pay out less money if you have a claim so that they can charge you less in premiums. Just be sure you can afford the deductible if you have an incident. For example, in Roswell, New Mexico, homeowners who choose a $500 and $1500 deductible, pay $734.08 and $625.16 for homeowners insurance. However, homeowners with deductibles of $2000 and $2500 pay $567.05 and $533.47, respectively. As a result, the higher the deductible, the lower the homeowner's insurance rates in Roswell, NM.

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2. Install Security Features

When it comes to home insurance, one of the most important factors in determining your rates is the amount of risk your home poses to the insurance company. The more the risk, the higher the rates. Therefore, it stands to reason that if you can reduce the risk your home poses, you can also reduce your rates. This is where security features come in. Installing security features is one of the most effective ways to reduce the cost of home insurance in Roswell, NM. By deterring burglars and protecting your home from fire and other disasters, security features can save you significant money on your premiums. For instance, homes with deadbolts and fire extinguishers pay $668.7 and $668.7 on home insurance in Roswell, NM.

3. Maintain Zero Claims History

A zero claims history is one of the most critical factors in determining the cost of home insurance in Roswell, NM. By maintaining a zero claims history, you are effectively telling insurers that you are a low-risk customer and that they can expect fewer claims from you in the future. This, in turn, allows insurers to offer you lower rates on your home insurance policy. For example, homeowners in Roswell, New Mexico, who have never filed a claim, have to pay a premium of $638.98. In contrast, in Roswell, New Mexico homeowners with one or two claims must pay $780.15 and $832.16, respectively, for homeowners insurance.

Roswell, NM Homeowners Insurance By Home Value

Roswell, NM Home Value Total Homes % of Total Average Roswell, NM Homeowners Insurance
Less than $50,000 2,325 20.0% $178
$50,000 to $59,999 863 7.0% $383
$60,000 to $69,999 940 8.0% $476
$70,000 to $79,999 779 6.0% $549
$80,000 to $89,999 801 7.0% $622
$90,000 to $99,999 753 6.0% $695
$100,000 to $124,999 1,072 9.0% $807
$125,000 to $149,999 920 8.0% $1006
$150,000 to $174,999 595 5.0% $1191
$175,000 to $199,999 608 5.0% $1376
$200,000 to $249,999 832 7.0% $1655
$250,000 to $299,999 443 3.0% $2019
$300,000 to $399,999 293 2.0% $2568

Top Home Insurance Agents Near Roswell, NM

Home Insurance Company Near Roswell, NM Homeowners Insurance Agency Near Roswell, NM Address
Travelers Hunton Insurance Agency 2708 1/2 N Main Street, Suite 7, Roswell, NM, 88201
State Farm Michael Mckee 1007 W McGaffey Street, Roswell, NM, 88203-2608
Farmers Perry Mccreary Csp 410 W College Blvd, Roswell, NM, 88201
State Farm Sondie Stockton 604 W Main St, Artesia, NM, 88210-2070
Farmers Suzanne Cloud Csg 2604 N Main St, Roswell, NM, 88201

Roswell, NM Home Insurance Agents for Top Companies


Cost Of Homeowners Insurance By Street Near Roswell, NM

Streets in Roswell Area Homeowners Insurance Cost
E Buena Vista St, Co Rd 216, N Moore Ave, Woodsorrel Rd, Gramma Ave, B St, W Brasher Rd, Willow Dr, E C Tucker Ct, S Michigan Ave$676
E Poe St, de Bremond Dr, Boley Pl, Co Rd 265, W Summit St, W Darby Rd, Glendale Rd, Moore Ave, Three Cross Dr, S Baylor Ave$696
Belmont Dr, Chickpea Rd, S Union Ave, W 16th St, Primrose Rd, S Cahoon Ave, Murphy Pl, W College Blvd, Jicarilla Rd, Hoagland St$646
Bronc Rd, E Seville St, N Kansas Ave, Hillcrest St, W Poe St, Trailing Heart Rd, Sunrise Rd, Co Rd 142, Burkett, E Grand Plains Rd$683
E Brasher Rd, W Byrne St, N Richardson Ave, Co Rd 3, N Onate Rd, Powell Pl, N Wilshire Blvd, C4-034, N Wyoming Ave, Desert Rose$694
Ave del Sumbre, Urton Rd, E Wildy St, Carrol Ave, N Aspen Ave, Columbine Rd, E Ballard St, Weise, Co Rd 106, Kincaid Rd$681
N Sky Loop, E Gallina Rd, Chinaberry Rd, W Van Buren St, N Ohio Ave, E McCune St, Co Rd 175, S Main St, Co Rd 189, N Cambridge Ave$698
Cedar Dr, W Chisum St, Co Rd 148, W Walnut St, N Grand Ave, S Garden Ave, Eagle Pl, la Paloma Pl, Vassar Dr, S Pine Pl$662
Kallahin Rd, Co Rd 168, E Jefferson St, Judy St, Co Rd 200, Nighthawk Pl, Shinkle Dr, Allison Dr, Harris Rd, Wright Well Rd$673
Co Rd 157, Co Rd 256, W Poe St, Browning Pl, Co Rd 210, Beargrass Rd, N Saunders Dr, Co Rd 262, Thompson Rd, Co Rd 174$688

Roswell, NM Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Roswell$99 to $101
Chaves County$99
Dexter$98
Northwest Chaves$102

Roswell, NM Auto & Homeowners Insurance Bundling Discounts

Place 1 Car Bundle Savings On Insurance 2 Car Bundle Savings On Insurance 3 Car Bundle Savings On Insurance
Chaves County, New Mexico $99 $132 $198
Midway CDP, New Mexico $100 $133 $200
Dexter CCD, Chaves County, New Mexico $98 $131 $197

Roswell, NM Area Home Insurance as a % of Housing Cost

PlaceHome insurance as a % of housing cost for homes with mortgageHome insurance as a % of housing cost for homes without mortgage
Roswell, NM6.3%20.6%
Chaves County6.23%19.8%
Midway8.5%21.73%
Dexter7.14%22.14%

Roswell Renters Insurance as a Percentage of Rent

Roswell Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 162 2.0% $364
$200 to $299 280 4.0% $814
$300 to $499 1,539 26.0% $1264
$500 to $749 1,805 30.0% $1939
$750 to $999 1,029 17.0% $2689
$1,000 to $1,499 756 12.0% $3814
$1,500 or more 271 4.0% $5464

Roswell, NM Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$1,800$2,800
Yearly Roswell Homeowner Insurance Premium Example $900$700
Out of Pocket Expense During Claim$1,800$2,800
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim $9,000$8,400
Net Savings to Roswell Home Owner from High Deductible Plan $600

Roswell, NM Home Insurance Costs With Home Replacement Value Scenarios

Scenario Roswell, NM Home Replacement Value MORE than Home Value Roswell, NM Home Replacement Value LESS than Home Value
Replacement Value $57,500 $34,500
Insurance Premium based on Replacement Value $275 $150
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $13,000 Risk Exposure from Under Insuring Coverage is $10,000
Premium Impact Insurance cheaper by $50/year Insurance costlier by $75/year

Example Roswell Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company Farmers InsuranceGEICO InsuranceAllstate
Monthly Premium 774134
Year Built 198319791957
Home Details 4 Beds, 2 Baths5 Beds, 3 Baths2 Beds, 1 Baths
Coverage Amount $200000-$250000$200000-$250000$75000-$100000
Deductible $500- $1000 Deductible> $10,000 Deductible$1000-$2500 Deductible

Sample Home Insurance Rates for Roswell, NM from Consumer Reviews & Surveys

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
1992 100,000 Asphalt Shingles Roof 1,640 2 $500 Deductible 300 7 Stucco siding yes
1987 170,000 Wood Shake Roof 2,280 4 $2500-$5000 Deductible 300 9 Wood siding No
1999 185,000 Asphalt Shingles Roof 2,350 5 $5000 to $10,000 Deductible 710 12 Brick siding yes
1995 155,000 Slate Shingles Roof 2,750 5 $2500-$5000 Deductible 130 2 Stucco siding yes
1950 145,000 Tile Roof 2,560 5 $500- $1000 Deductible 190 3 Stucco siding No
1950 220,000 Membrane Roof 3,400 4 $5000 to $10,000 Deductible 250 4 Brick siding yes
1954 160,000 Shingles Roof 2,250 4 $2500-$5000 Deductible 130 3 Stucco siding yes
1989 145,000 Membrane Roof 2,740 5 $500 Deductible 500 9 Fiber-Cement Siding yes
1977 165,000 Membrane Roof 3,010 5 $2500-$5000 Deductible 520 10 Wood siding yes
1961 135,000 Slate Shingles Roof 2,030 4 $2500-$5000 Deductible 140 3 Brick siding yes
1988 125,000 Asphalt Shingles Roof 2,060 3 $500- $1000 Deductible 270 7 Wood siding No
1997 100,000 Asphalt Shingles Roof 1,490 2 $2500-$5000 Deductible 150 5 Wood siding yes
1980 235,000 Tile Roof 3,240 4 > $10,000 Deductible 360 8 Brick siding yes
1954 130,000 Slate Shingles Roof 1,970 4 $500- $1000 Deductible 100 3 Stone Siding No
1960 95,000 Tile Roof 1,300 2 $500- $1000 Deductible 310 10 Vinyl siding No
1986 95,000 Wood Shake Roof 1,630 2 $1000-$2500 Deductible 320 9 Fiber-Cement Siding yes
1966 115,000 Membrane Roof 1,560 3 $500- $1000 Deductible 460 12 Vinyl siding No
1990 125,000 Wood Shake Roof 1,660 3 $500- $1000 Deductible 250 6 Stone Siding No
1972 85,000 Shingles Roof 1,420 2 $2500-$5000 Deductible 240 10 Brick siding No
1977 185,000 Membrane Roof 2,810 5 $500 Deductible 810 9 Wood siding No
1959 95,000 Asphalt Shingles Roof 1,500 5 $500 Deductible 80 2 Fiber-Cement Siding yes
1990 135,000 Wood Shake Roof 2,180 3 $500 Deductible 600 9 Stone Siding No
1969 85,000 Shingles Roof 1,290 2 $1000-$2500 Deductible 140 5 Vinyl siding yes
1969 120,000 Asphalt Shingles Roof 1,660 2 $1000-$2500 Deductible 220 5 Fiber-Cement Siding No
1983 110,000 Asphalt Shingles Roof 2,080 3 $500- $1000 Deductible 170 3 Brick siding yes
1978 120,000 Shingles Roof 1,910 3 $1000-$2500 Deductible 410 7 Vinyl siding yes
1997 160,000 Tile Roof 2,130 3 $500 Deductible 370 7 Wood siding No
1966 90,000 Shingles Roof 1,130 2 $500- $1000 Deductible 240 12 Stone Siding No
1956 80,000 Tile Roof 1,210 3 $1000-$2500 Deductible 110 6 Stucco siding No
1978 115,000 Composition Roof 1,740 2 $500 Deductible 350 7 Wood siding yes
1964 130,000 Tile Roof 1,630 3 $500 Deductible 220 5 Stone Siding No
1950 225,000 Metal Roof 3,370 4 $500- $1000 Deductible 130 1 Brick siding yes
1982 85,000 Metal Roof 1,260 2 $2500-$5000 Deductible 160 6 Fiber-Cement Siding No
1976 110,000 Asphalt Shingles Roof 1,920 3 $1000-$2500 Deductible 60 2 Stone Siding yes

Latest Home Insurance Reviews

Allstate
We have had the policy for more than 5 years and have only had great experiences with it. It offers great services and although the costs may sometimes be on the higher side, it is always worth it for us.
Farm Bureau
I really like the small home town feel that farm bureau brings to insurance. it is a nice change to what insurance has become.
State Farm
I have not had any issues but I also have not had to make a claim. Customer service has been very helpful explaining the coverage and cost break down.
Farmer's Insurance
I recommend my home owners insurance because my agent is very active and checks in with me and survey's my needs. I have great results on direct payment and the company just makes my coverage easy.
Amica Mutual Insurance
We have been with this company for quite some time. i am overall happy with my home owners insurance coverage through amica because they are affordable and have good customer service. they are not very well-known, but those who know them seem to be very happy with them. i like that they don't spend a lot of money on advertising.
Farm Bureau
I like the ways in which i can communicate but don't like that calling doesn't always get me a person to talk to right away and call backs take a long time.
Farmer's Insurance
I just wish my premium was a bit lower. I know that I could very easily change insurance companies and have everything be a bit lower, however, I am very pleased with my agent.
State Farm
It took me awhile to find the actual policy on the site but for other things such as billing, it's pretty easy to use.
State Farm
There is not much I dislike, as everything is pretty easy to adjust and understand. I do wish my premium was a little lower.
Allstate
Grecia, the representative I always talk to is incredibly helpful. She always talks about her daily life as well and tries to give us discounts whenever she cans. For this reason, I feel comfortable with her. She seems like an actual person instead of a call line on the phone.
Farmer's Insurance
I do not have to complain about the company because I feel totally satisfied with their services, they handle my claims quickly and safely
Travelers
Traveler's was easy to work with when we purchased our home. They gave us a quote quickly and offered available discounts.

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