Get Montpelier, OH Home Insurance Rates!

If you are shopping for a new homeowners insurance policy in Montpelier, OH you have come to the right website.

Our quoting system was designed to help you find a great policy at an affordable price without having to leave the comfort of your own home. Our site makes it quick and easy to get up to 12 different premium quotes from a variety of nationwide insurance companies who offer a wide variety of coverage options and discounts.

Simply enter your zip code above, answer a few questions and we will start searching for your brand-new homeowners insurance policy.

A Few Facts about Montpelier and Ohio Home Insurance Rates

Homeowners insurance is pretty affordable in Montpelier with the average home insurance rate coming in at is $871 a year while the national average is $1,311. In Montpelier, OH most residents will pay $73 a month for homeowners insurance.

While homeowner rates are fairly affordable in Montpelier, our site can help you save money when it comes to your premium. Our site compares rates and coverage options from a wide variety of insurance companies. While savings will vary depending on your personal factors, in many cases we can help you find a policy that is up to 40 percent cheaper than your current policy.

You can rest assured that your new policy will offer robust coverage, we only work with national insurance companies that offer the highest quality polices at reasonable prices. Our process is quick and easy, simply enter your zip code above to start a free online quote or give us a call now.

Home prices in Montpelier and homeowner insurance discounts

Homes in Montpelier are very affordable with the average price coming in at $91,600. While homeowners insurance in Montpelier is already pretty affordable, discounts offered by insurance companies can help lower your premium even more. Here are just a few of the more common discounts offered by insurers:

Bundling: This is a major discount that insurers offer to Montpelier customers who carry multiple lines of coverage with them. If you are carrying homeowners coverage and car insurance (or any other insurance for that matter) with the same insurer you should receive a discount. Discounts can range up to 20 percent so it can be well worth it.
Loyalty Discount: Insurance companies value their long-term customers and are happy to give them a discount. Once you have been with the same insurer for three years or more, consider asking for a loyalty discount.
Monitored alarm systems: Insurers love alarm systems and offer a discount if you have a monitored alarm system in your home. Once your system is installed, ask your insurer for a discount. Discounts can range up to 15 percent.
Impact-resistant roofs: In Ohio storms are very common and can sometimes be extreme, so having an impact-resistant roof will usually result in a discount on your insurance premium. If you are in the market for a new roof, consider upgrading to an impact and wind resistant roof.
Pay in full: If you can afford to pay your annual premium in one lump sum your insurer will usually offer a small discount. While the discount may only run to 5 percent, they all add up.
Retired: Once you have retired, many insurers offer a discount because you are home more often making your home less attractive to thieves. In addition, when you are home most of the time so you can catch leaks early, preventing serious damage.

When you shop for a new homeowners insurance policy with us, we will make sure that all available discounts are being applied to your policy.

Compare Homeowners Insurance Rates in Montpelier, OH!

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Average Rates Nearby Montpelier

Are you looking for homeowners insurance in a city near Montpelier? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in Montpelier, OH

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Montpelier.

43543,

Montpelier, OH Home Insurance Average Premiums

Local Montpelier, OH home insurance quotes comparison

$431 /yr.

Shows Montpelier's lowest average rates with discounts applied.

For the city of Montpelier, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:	Annual Premium
1800 sq. ft. or below (discounts applied)	$431 /yr.
Average Coverage:	$681 /yr.
2600 sq. ft. or higher (all discounts applied)	$981 /yr.

What is the average home insurance cost for a home in Montpelier, OH?

• The average homeowners insurance premium paid annually for a home in Montpelier is around $681 per year.

What does it cost on average per month for home insurance in Montpelier, OH?

• Homeowners in Montpelier pay an average cost per month around $57.00 for insurance coverage.

Montpelier, OH - 2023 Housing Information

Month	Current Home Value (2023)	Last Year Home Value (2022)
January	$129,510	$117,259
February	$129,902	$119,045
March	$130,506	$121,148
April	$130,927	$122,862

Homeowners insurance will help cover the cost to repair or replace your Montpelier home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:

Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Montpelier
Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.

Get up to 12 competitive Montpelier, OH homeowners insurance rates all in one place!

Saving Money Tips on Montpelier Home Insurance

A great way to save money on Montpelier homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:

Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.

Are you shopping for the best rate near or wihin the Montpelier area? Check out what homeowners are paying on average for Ohio homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation	Details	Homeowners Tips
869 ft.	This is the average home elevation in Montpelier, OH	Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Ohio flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954.

To get online quotes on your home and compare rates on home insurance premiums in Montpelier, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Williams County.

Ohio Homeowners Insurance News & Information

What happens to my mortgage if my homeowners policy gets cancelled? Posted on Thursday 18th July, 2024
As more and more insurance companies stop writing policies in certain markets or cancel existing policyholders they find too big of a risk, homeowners are finding their policies cancelled or non renewed. While a cancelled policy is a shock, it doesn’t mean you need to panic. Following is a brief overview of what to do […]
Why Are Homeowners Insurance Premiums Rising in 2024? Posted on Tuesday 9th July, 2024
As insurance rates rise at unprecedented rates, homeowners are cutting back on groceries, travel, dining out, and even medication to afford the cost of their insurance premiums. In even more shocking news, 1 in 10 homeowners are even consider moving to an area with lower premiums, according to a recent survey by Claimguide. According to […]
Coastal Homeowners Insurance in Florida Posted on Monday 8th July, 2024
Florida has it all, constant sunshine, beaches,plenty of restaurants and entertainment. It also has some of the highest homeowner insurance premiums in the country. According to Value Penguin, the Sunshine State has the 14th most expensive homeowner insurance rates in the country with the average premium coming in at $1,727. While insurance premiums are high all […]
Coastal Texas Home Insurance Rates Posted on Sunday 7th July, 2024
While windstorm insurance is not required in Texas, it is often a necessity if you live near the coast. In certain areas there is a good chance that your mortgage lender will require that you carry a windstorm policy. A windstorm policy will cover damage that is done by wind or hail. These are the […]
North Carolina Joint Underwriters and Wind Pool Map Explained Posted on Wednesday 5th June, 2024
North Carolina is a lovely state to call home. Our state is packed with beautiful cities, museums, restaurants and of course, some of the loveliest beaches in the country. Unfortunately, if you live in one of our amazing coastal southern cities such as Ocean Isle Beach, Sunset Beach, Oak Island Beach, Calabash, Bald Head Island, […]

Montpelier, OH Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Montpelier so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.

What is the average replacement cost coverage in Montpelier, OH?

- The average square footage in Montpelier is around 825 Sq. Ft. which would cost you around $91,600 to replace the home if you base the home on the price to build per square foot of $111.

Minimum Replacement Cost Total: $91,600

Location: Montpelier, Ohio (Williams County)

Average Building Cost Per Square Foot in Montpelier: $111 (low end)

Average Square Footage in Montpelier: 825 Sq. Ft.

Home Improvement Status	Price per Sq. Ft.	Dwelling Coverage
None or Very Minor Improvements	$111	$91,600
Some Additional Upgrades	$139	$114,500
Major Home Updates or Advancements	$167	$137,400

Calculate Your Montpelier, OH Dwelling Coverage

The dwelling coverage is calculated by the average cost per square foot ($111) in Montpelier, Ohio times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $346,875 (Media price to build of $139 x 2500 sq. ft.) to cover the cost to rebuild your new home.

What is the difference between actual cash value and replacement cost value?

Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:

Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.

Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.