Calculating Insurance

[Minh Lai]

I'm taking @Brandon Turner advice to heart and I plan to analyze at least 3 deals a day or 90 deals a month. I have a spread sheet that I use to plug and chug. This book gave me the knowledge and background to understand and trust my numbers. (Sorry Brandon, but I'm not upgrading to Pro just yet.) I believe all my assumptions are within bounds and I have safety margins in place. The only issue I have is estimating insurance. 

I live in Norman, Oklahoma. I am looking at properties in Norman, Moore and OKC. We are notorious for our tornadoes, thus our insurance is higher than the national average. My only reference point is the house that I'm house hacking. 

I know insurance can vary a lot base on many different factors. In fact I got quotes from 3 different companies with different options. The annual rate was from $3,434 to $1483. (My house is 1,400 sq ft and was made in 1974 in case you're wondering.) 

With the option that I went with, what I'm paying for my insurance is about the same as my tax. Is this a ballpark estimate?

I would love to know how you all estimate insurance when you run your numbers.

Would it be annoying if I called my insurance agent and have him run quotes for me if I promise to use him when I purchase a property?