What sets the price
- The purchase price (owner's policy) and loan amount (lender's policy)
- Whether both policies are issued together, which lowers the lender's premium
- Whether the property was insured recently, which may qualify for a reissue rate
- Endorsements and extended coverage, especially on commercial property
Title insurance vs. title fees
The premium pays for the insurance. Separate settlement or escrow fees pay for running the closing, and recording fees go to the county. When comparing quotes, compare the total.
Get your exact number
Because premiums are set by the underwriter's rates, the honest answer to 'how much on a $300,000 house' is a quote for that price. Use the title insurance calculator or request a title quote for your contract.
Common questions
How much is title insurance on a $300,000 house?
It depends on the underwriter's rate for that price and whether a loan policy is issued at the same time. Request a quote for the exact figure.
How much is title insurance on a $400,000 house?
The premium rises with the price, so it's higher than on a $300,000 home. A quote gives the exact amount.
Is title insurance a monthly cost?
No. It's paid once, at closing.
Is title insurance tax deductible?
For a home you live in, title insurance is generally added to your cost basis rather than deducted. Ask a tax professional.