Huntington, located on the Ohio River, is the second-largest city in West Virginia. Home insurance costs in Huntington are slightly higher than in Charleston due to the city’s proximity to the Ohio River and increased flooding risks. The average cost for home insurance in Huntington is $1,280 per year, still below the national average of $1,428, but impacted by factors such as flooding, severe weather, and aging homes.
Local Factors Impacting Home Insurance Costs in Huntington
Flooding Risk: Homes near the Ohio River and other waterways are at risk of flooding, particularly during heavy rains and river overflows.
Winter Storms: Huntington experiences harsh winters with snow, ice, and freezing temperatures, which can lead to property damage and higher insurance premiums.
Tornadoes: Though rare, Huntington is occasionally affected by tornadoes and high winds, which can cause structural damage and increase premiums in certain areas.
Home Insurance Rates by Home Age in Huntington
Home age is a key factor in determining insurance premiums in Huntington. Older homes tend to have higher premiums due to outdated materials, while newer homes benefit from modern building standards.
Home Age
Average Annual Premium
0-10 years
$1,240
11-25 years
$1,280
26-50 years
$1,340
51+ years
$1,410
Home Insurance Rates by Credit Tier in Huntington
Your credit score plays a significant role in determining home insurance premiums. Here’s how credit scores affect insurance costs in Huntington:
Excellent Credit (750+): $1,220 per year
Good Credit (700-749): $1,280 per year
Fair Credit (650-699): $1,370 per year
Poor Credit (Below 650): $1,500 per year
Cheapest Home Insurance Providers in Huntington
Several home insurance providers offer competitive rates for Huntington residents. Below are the cheapest options available:
Provider
Average Annual Premium
State Farm
$1,260
Liberty Mutual
$1,280
Allstate
$1,290
Farmers
$1,270
Home Insurance Rates by Deductible Amount in Huntington
Increasing your deductible can reduce your monthly premium, but it also increases your out-of-pocket costs when filing a claim. Here’s how different deductibles impact home insurance premiums in Huntington:
$500 deductible: $1,380 per year
$1,000 deductible: $1,280 per year
$2,500 deductible: $1,180 per year
Types of Homeowners Insurance in Huntington
HO-3: The standard homeowners insurance policy that covers the home’s structure, personal belongings, and liability protection.
HO-5: A more comprehensive policy offering additional coverage for high-value homes and belongings.
HO-6: Condo insurance that covers the interior of the condo unit and personal property.
Additional Coverage Options
Flood Insurance: Homes near the Ohio River or other waterways should consider flood insurance, as standard policies do not cover flood-related damage.
Windstorm Insurance: Huntington experiences occasional high winds and tornadoes, making windstorm coverage an important addition for homeowners.
Water Backup Insurance: Protects homes from water damage caused by backed-up drains or sewer systems, particularly useful for older homes with outdated plumbing.
Frequently Asked Questions (FAQs) about Home Insurance in Huntington
Is flood insurance necessary in Huntington? Yes, homes near the Ohio River or in low-lying areas are at risk for flooding, so flood insurance is highly recommended.
How do winter storms affect home insurance premiums in Huntington? Severe winter weather, including heavy snow and freezing temperatures, increases the likelihood of property damage, which can drive up home insurance costs.
Comparison of Home Insurance in Charleston vs. Huntington
Charleston: $1,230 average annual premium
Huntington: $1,280 average annual premium
Huntington’s slightly higher home insurance premiums are due to its increased risk of flooding from the Ohio River, while Charleston faces similar risks from flooding and winter storms but at slightly lower rates. Both cities benefit from relatively low insurance costs compared to the national average, though homeowners in both areas should consider flood insurance and additional coverage for water backup and winter storm protection.
