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Homeowners insurance costs roughly 0.5% of the value of the house. How much is the...

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Finance

Homeowners insurance costs roughly 0.5% of the value of the house. How much is the monthly bill for a $400,000 home?
Car insurance for a 20-year old is roughly $5,000 in NY. What is that as a percentage for a $30,000 car? Why is the percentage higher for car insurance compared to house insurance?

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