How To Estimate Home Insurance Cost? 
Homeowners insurance is not a one size fits all policy . The cost of home insurance is determined based on your claim history , type of house , age , condition and in some states credit . In Virgina , your credit score is a big factor when determining rate . Your agent also has to complete a Replacement cost calculation -LRB- the cost to rebuild your home -RRB- . The Replacement cost is not the purchase price or assessment value but rather how much it would cost the insurance company to rebuild your home . This amount can be more than the purchase price in some area especially with older homes . There are several variables to considered so it 's always best to sit down with an independent agent to review your options . 