QuestionDecember 14, 2025

On average, what percentage of a home's value is paid by homeowners in insurance premiums? 1% 10% 5% 25%

On average, what percentage of a home's value is paid by homeowners in insurance premiums? 1% 10% 5% 25%
On average, what percentage of a home's value is paid by homeowners in
insurance premiums?
1% 
10% 
5% 
25%

Solution
4.1(246 votes)

Answer

1\% Explanation 1. Identify standard homeowner insurance premium rates Typical annual homeowner's insurance premiums are about 0.5\% to 1\% of a home's value. 2. Select the closest answer choice 1\% matches the average rate most closely.

Explanation

1. Identify standard homeowner insurance premium rates<br /> Typical annual homeowner's insurance premiums are about $0.5\%$ to $1\%$ of a home's value.<br />2. Select the closest answer choice<br /> $1\%$ matches the average rate most closely.
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