Get Lenox, GA Home Insurance Rates!
Did you know that homeowners rates in Lenox, GA are subjected to increase or decrease per your risk, coverage options, deductible and discounts available. Home insurance companies providing coverage in Lenox provide rates on a variety of different options. Our job is to help you review which rate is best for you. You may like cheaper rates at first but low prices may not be so attractive to you when you compare coverage levels. Most homeowners appreciate the dependability in knowing the top rated company they choose will make life easier if you ever have to file a claim. Getting the right insurance policy makes a world of difference when it comes to protecting your home.
Lenox, GA Homeowner Questions:
What is the average monthly cost of home insurance in Lenox, GA?
Homeowners insurance is usually paid annually and the average rate per year for a home in Lenox is around $1,403, that's $117 per month.
Please note that average rates for your area mentioned above are based on a standard HO-3 policy. We help customers review competitive homeowners insurance rates in Lenox while also shopping top carriers, enhanced coverage options and applying discounts. Enter your GA zip code and let us help you shop more affordable home insurance rates today!
What is the total number of homes in this area?
The total homes in the city of Lenox is 1,117 housing units.
What is popluation for Lenox, GA?
The city limit population is around 5,696.
What is the average household income?
The average annual income in the Lenox area is estimated to be around $36,375.
What is the average real estate value for a home in Lenox?
The average value of a home in Lenox is $78,000.
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Our Quoting Service in Lenox
We have been working with the top rated ("A+" A.M.) Georgia home insurance carriers for years and we can help you find the best coverage at an affordable price for your home in Lenox, GA.
It’s important when shopping for insurance to work with carriers that are dependable and financially secure. Our top-rated carriers include Liberty Mutual, Safeco Insurance, Tower Hill, ShoreOne, Kind Group Underwriting, AIG, Chubb, Travelers, National General, Heritage Insurance and the Georgia Underwriting Association
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Average Rates Nearby Lenox
Are you looking for homeowners insurance in a city near Lenox? 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 Lenox, GA
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Lenox.
Lenox, GA Home Insurance Average Premiums
$805 /yr.
For the city of Lenox, 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) | $805 /yr. |
| Average Coverage: | $1055 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1355 /yr. |
What is the average home insurance cost for a home in Lenox, GA?
- • The average homeowners insurance premium paid annually for a home in Lenox is around $1055 per year.
What does it cost on average per month for home insurance in Lenox, GA?
- • Homeowners in Lenox pay an average cost per month around $88.00 for insurance coverage.
Lenox, GA - 2023 Housing Information
| Month | Current Home Value (2023) | Last Year Home Value (2022) |
|---|---|---|
| January | $104,613 | $101,264 |
| February | $107,203 | $103,581 |
| March | $110,352 | $104,941 |
| April | $111,168 | $105,425 |
Homeowners insurance will help cover the cost to repair or replace your Lenox 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 Lenox
- 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.
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Saving Money Tips on Lenox Home Insurance
A great way to save money on Lenox 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 Lenox area? Check out what homeowners are paying on average for Georgia homeowners insurance.
Elevation Review for Coastal Wind or Flooding Risk
| Elevation | Details | Homeowners Tips |
|---|---|---|
| 269 ft. | This is the average home elevation in Lenox, GA | 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 Georgia 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 Lenox, 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 Cook County.
Georgia Homeowners Insurance News & Information
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Homeowners Prepare for Rate Increases Later This Year Posted on Monday 27th June, 2022
In most states, home insurance rates are headed up this year and homeowners should be prepared for further rate increases before the end of the year. According to a recent S&P Global Market Intelligence report, over 177 insurance carriers have filed requests for rate increases in 43 states, Arizona alone has seen 34 rate increase requests. […]
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Hurricane Isaias is on the same track as Hurricane Dorian – What can we expect? Posted on Wednesday 5th August, 2020
Hurricane Isaias is on roughly the same track as Hurricane Dorian and is the first hurricane to hit the Bahamas since Dorian stalled over the islands as a Category 5 monster killing dozens of people and causing massive destruction. Here is a quick overview of both storms as well as a few tips on how […]
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Georgia Coastal Home Insurance Coverage & Rates Posted on Wednesday 2nd October, 2019
Windstorm insurance is not a required coverage in Georgia, but if you live on the coast, it is certainly an insurance you should consider. In many coastal areas your mortgage lender will require that you carry a windstorm policy to make sure your home (and their investment) is full protected. Windstorm policies are designed to […]
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Coastal Homeowners in Denial: FEMA urges homeowners to buy flood insurance Posted on Monday 23rd September, 2019
Congress is getting ready to send President Donald Trump the thirteenth 60-day extension of the National Flood Insurance Program (NFIP) as the current one expires at the end of September. The NFIP has been in serious financial trouble for years but Congress has been unable to agree on how to fix the ailing program. The […]
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Thousands of Homeowners in the path of Hurricane Dorian Cancelled Their Flood Insurance Posted on Wednesday 11th September, 2019
According to a recent analysis by E&E News of government data, tens of thousands of homeowners who were in the path of Hurricane Dorian dropped their flood insurance in recent years. The analysis found that both homeowners and owners of commercial buildings have been giving up their flood insurance policies despite the fact that their […]
Lenox, GA Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Lenox 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 Lenox, GA?
- The average square footage in Lenox is around 639 Sq. Ft. which would cost you around $78,000 to replace the home if you base the home on the price to build per square foot of $122.
Minimum Replacement Cost Total: $78,000
Location: Lenox, Georgia (Cook County)
Average Building Cost Per Square Foot in Lenox: $122 (low end)
Average Square Footage in Lenox: 639 Sq. Ft.
| Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
|---|---|---|
| None or Very Minor Improvements | $122 | $78,000 |
| Some Additional Upgrades | $153 | $97,500 |
| Major Home Updates or Advancements | $183 | $117,000 |
The dwelling coverage is calculated by the average cost per square foot ($122) in Lenox, Georgia 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 $381,250 (Media price to build of $153 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.