Our research of the average cost of homeowners insurance included more than 100,000 quotes from dozens of companies for every ZIP code in the U.S. We saw average premiums as low as $38 per month and as high as $344 per month, with a national average of $159 per month. For information about where our numbers came from, check out our methodology.
Average cost of homeowners insurance by state
Average cost of home insurance by state State Average annual premium Average monthly premium Difference from national average Alabama $2,179 $182 14.56% Alaska $1,195 $100 -37.17% Arizona $1,608 $134 -15.46% Arkansas $2,942 $245 54.68% California $972 $81 -48.90% Colorado $2,934 $245 54.26% Connecticut $1,738 $145 -8.62% Delaware $921 $77 -51.58% District of Columbia $1,299 $108 -31.70% Florida $2,469 $206 29.74% Georgia $1,979 $165 4.05% Hawaii $458 $38 -75.92% Idaho $1,395 $116 -26.66% Illinois $1,834 $153 -3.58% Indiana $1,820 $152 -4.31% Iowa $1,949 $162 2.47% Kansas $4,076 $340 114.30% Kentucky $2,936 $245 54.36% Louisiana $2,420 $202 27.23% Maine $1,274 $106 -33.02% Maryland $1,226 $102 -35.54% Massachusetts $1,404 $117 -26.18% Michigan $2,017 $168 6.05% Minnesota $2,235 $186 17.51% Mississippi $2,691 $224 41.48% Missouri $2,596 $216 36.49% Montana $2,265 $189 19.09% Nebraska $4,125 $344 116.88% Nevada $1,124 $94 -43.22% New Hampshire $848 $71 -55.42% New Jersey $1,022 $85 -46.27% New Mexico $2,289 $191 20.35% New York $1,189 $99 -37.49% North Carolina $2,597 $216 36.54% North Dakota $1,979 $165 4.05% Ohio $1,285 $107 -32.44% Oklahoma $3,748 $312 97.06% Oregon $1,239 $103 -34.86% Pennsylvania $1,128 $94 -40.69% Rhode Island $1,392 $116 -27.69% South Carolina $2,502 $209 31.55% South Dakota $2,829 $236 48.74% Tennessee $2,047 $171 7.62% Texas $3,884 $324 104.21% Utah $995 $83 -47.69% Vermont $1,263 $105 -33.60% Virginia $1,242 $104 -34.70% Washington $969 $81 -49.05% West Virginia $1,717 $143 -9.73% Wisconsin $1,196 $100 -37.12% Wyoming $1,637 $136 -13.93% Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.
Insurance companies consider many factors in determining your rates, including the risk profile of your state. For example, Florida’s climate puts it at a higher risk of hurricanes, which is reflected in the state’s higher premiums.
The table above can help you get a sense of the average cost of home insurance across the country so you know what to expect when purchasing homeowners insurance. Find your state in our state guide for more information.
Nebraska and Kansas are the most expensive states for homeowners insurance, likely because they are in Tornado Alley. Natural disasters are frequent in the states with the highest average home insurance rates in the U.S.
Hawaii is the cheapest state for home insurance, with an average premium of $458 per year. New Hampshire, Delaware, Washington and California are also among the least expensive states for home insurance. This is because they’re impacted by fewer natural disasters or have homes that are newer or cheaper than elsewhere.
Average cost of homeowners insurance by coverage amount
The cost of homeowners insurance changes based on how much coverage you choose. We analyzed thousands of quotes for five different dwelling coverage amounts, which is the amount for which your house’s structure is insured. We used dwelling coverages ranging from $200,000 to $500,000 while gathering quotes. Here are some selected values:
Average cost of homeowners insurance by dwelling coverage Dwelling coverage Average annual premium $200,000 $1,904 $275,000 $2,355 $350,000 $2,836 $425,000 $3,344 $500,000 $3,881 Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. States used for averages include Arizona, Georgia, Florida, Texas and Illinois. Your rates may vary.
Higher dwelling coverage amounts raise homeowners insurance rates because the insurance company must be prepared to pay out a larger sum in case of a loss. Keep in mind, your dwelling amount is the cost to rebuild your home, not your home’s market value. Think of it as the value of your home minus its location. Your dwelling amount depends on your home’s materials, its size and local labor costs.
Average cost of homeowners insurance by deductible
Your deductible is the amount of money you pay out of pocket after a loss and before your home insurance kicks in to cover the rest. So, if your insurance company approves a claim for $5,500 and you have a $1,000 deductible, you’ll pay $1,000 out of pocket and your insurance will cover the remaining $4,500.
Deductible Average annual premium $500 $2,090 $1,000 $1,931 $1,500 $1,830 $2,000 $1,727 Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.
Based on our figures, increasing your deductible from $1,000 (a common amount) to $2,000 can save you $204 a year. In order for that $2,000 deductible savings to make sense, you’d have to go a little over six years without a claim to warrant saving $204 a year.
You should be prepared to pay your deductible at any time. For instance, if your deductible is $2,000, you should have that cash on hand at all times in case you experience a loss.
Average home insurance premium by company
Erie offers the cheapest average home insurance premium of the companies we surveyed at $1,471 per year. We looked at average rates from some of the largest home insurance companies. Here’s how they compare to Erie.
Company Average annual premium Allstate $1,734 American Family $2,466 Country Financial $1,876 Chubb $1,615 Erie $1,471 Farm Bureau $2,406 Farmers $2,168 Nationwide $2,164 State Farm $1,888 Travelers $2,273 USAA $1,776 Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.
Average home insurance rates by city
We analyzed rates in the 15 largest cities in the U.S. to find the average homeowners insurance cost in each city. Among the most populated cities, Houston has the highest average home insurance rate at $4,614 per year, followed by Dallas at $4,448 per year.
Average annual premium by city City Average annual premium New York City $1,736 Los Angeles $1,089 Chicago $2,053 Houston $4,614 Phoenix $1,844 Philadelphia $1,846 San Antonio $2,727 San Diego $874 Dallas $4,448 San Jose $813 Austin $2,653 Jacksonville $1,761 Fort Worth $4,639 Columbus $1,287 Charlotte $1,648 Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.
What does home insurance cover?
There are six coverages in a standard home insurance policy, and all of them influence the cost of homeowners insurance. You can lower your home insurance premium by lowering your coverage limits or pay more to get more protection.
Standard coverage in HO-3 home insurance policy Coverage What it covers Typical amount Dwelling Your home’s structure Estimated cost of rebuilding your home Other structures The other buildings and structures on your property, like garages or sheds 10% of dwelling Personal property Your belongings 50% of dwelling Loss of use Additional expenses if you’re unable to remain in your home 20% of dwelling Personal liability The cost of legal defense and medical payments if you are sued for property damage or bodily injury $100,000 Medical payments to others Medical bills if a guest is injured on your property $5,000
How to estimate your homeowners insurance rate
According to our data, the biggest factor in determining how much you’ll pay for homeowners insurance is your dwelling coverage amount. To estimate how much you’ll pay, there are two steps to take: First, get your baseline rate by estimating how much dwelling coverage you need, and second, increase or decrease your baseline rate depending on your state’s risk.
Get your baseline rate according to your dwelling coverage by referring to our cost of home insurance by dwelling amount calculation. Once you have this baseline, adjust your premium up or down by the percentage listed for your state in our cost by state table.
How to save on homeowners insurance
There are several ways to reduce your home insurance premiums, including switching companies, bundling policies and increasing your deductible.
Factors that affect the cost of home insurance
Insurance companies consider many variables, or rate factors, when setting premiums. You can think about them in three buckets: the characteristics of your home, your location and your personal profile. Here are a few important ones:
Homeowners insurance rate factors You Your home Your location Claims history Value Climate Credit history Age and material Local property crime rates Pets Safety features Proximity to emergency services
If you’re looking to lower your premium, you can improve your credit score and lower the number of claims you file. The number of claims you’ve made in the past can affect your risk status and therefore your home insurance premium. Also, many insurance companies charge higher rates or may even deny coverage for homeowners with certain dog breeds that are known to bite.
Insurance companies track many of these factors themselves, such as crime rates and your home’s value. But if someone moves in or out, or you upgrade a part of your home, we recommend letting your insurer know. Some factors may lower your rates and some may raise them, but either way, you and your insurer need to be on the same page before a disaster.
Frequently asked questions
Methodology
We collected quotes from every ZIP code in all 50 states. The following coverages were used:
- $275,000 dwelling coverage (unless otherwise noted)
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use coverage
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible (unless otherwise noted)
QuoteWizard.com LLC has made every effort to ensure that the information on this site is correct, but we cannot guarantee that it is free of inaccuracies, errors, or omissions. All content and services provided on or through this site are provided “as is” and “as available” for use. QuoteWizard.com LLC makes no representations or warranties of any kind, express or implied, as to the operation of this site or to the information, content, materials, or products included on this site. You expressly agree that your use of this site is at your sole risk.
