Home Insurance in Springfield, MO
Protect your home and assets with home insurance in Springfield, MO, when you compare rates with VIU by HUB.
With a population of around 160,000, Springfield is an agricultural center known as the gateway to the Ozarks. The town has experienced much growth over the past few years due to economic development with a low cost of living. Springfield is considered the birthplace of the Mother Road, Route 66, but it has much to offer families of all types and sizes. Whether you're a long-time resident or a newcomer buying your first home, make sure you have home insurance in Springfield, MO, to protect your home against many perils. VIU by HUB is your online destination to compare different policies to find the right insurance to fit your needs.
Homes in Springfield, MO, are affordable, with a median home price of around $173,000. Over the past 10 years, home values have increased by 11.5%. Although the majority of homes in Springfield are single-family homes with two or three bedrooms. The community has townhomes and luxury homes available as well. Many residents of Springfield came to attend College of the Ozarks and stayed because they loved the community in Springfield, MO.
All Springfield homes are at risk of wind damage from severe storms, being in Tornado Alley. Tornadoes and other strong storms can seriously damage your roof, siding and fences. Flooding is a minor risk in Springfield, with only about 8% of the homes at risk for severe flooding; however, about 26% of homes are at risk of being damaged by wildfires. Your home may also be at risk of a property crime, such as theft. Springfield has a low violent crime rate, but there is a 1 in 16 chance of being a victim of a property crime.
The cost of home insurance in Springfield, MO, can vary based on many factors: the size of your home, your credit score, its location and your insurer. In Springfield, the average annual cost can be around $2,300, which is much greater than the national average. It's important to shop around to make sure your insurance protects your home against the risks it faces. Many people compare insurance rates and go with the cheapest option, but you should also consider what perils are covered under your insurance and how well your insurance company handles claims. VIU by HUB can help you assess your insurance needs and compare rates between policies.
Home insurance is one way to protect your biggest asset, but it's important to understand what your policy covers and what it doesn't. Most home insurance policies protect against:
Home insurance may not cover big-ticket items, negligence or floods. You can add insurance for items that your home may be at risk for that your general policy won't cover. These perils may not be included in standard policies because not all homes in the area are at risk. You can ask about add-ons for coverage above and beyond your standard policy.
Your insurance needs may be different than that of your neighbor. If you aren't sure what coverage you should have, review policies with VIU by HUB advisors. There's no obligation, allowing you to have an unbiased opinion about different coverage options.
This information is intended for general informational purposes only and is not intended to constitute legal advice.
