Insurance rates on long term rentals

[Nina V.]

Hi everyone,

I recently decided to start out of state investing. I found my city, found what I thought was a good deal only to find out insurance rates were 2X more than in my current hometown for a long term rental. Now my deal is no longer good. I am specifically looking for rates for SFH or residential multi family (2-4 units). I am asking if you could kindly share what your insurance rates are for long term rental and what state your property is in. I tried to use nerd wallet but their estimate is vague and you cannot put in purchase price/bed/bath information. If you have a resource that you can quickly check approximate rate without filling out pages of information, I would appreciate this!

Thank you kindly!