Compare Cheap Home Insurance Rates by State

Home Insurance

• Auto Insurance
• Health Insurance
• Home Insurance
• Commercial Auto Insurance
• Life Insurance
• Business Insurance

Zip Code:

Please provide a valid zip code.

Get Quotes

Get free house insurance quotes fast

What is the National Average Cost for Home Insurance?

The national average cost for home insurance in the United States typically hovers around $1,200 to $2,000 per year or $100 to $167 a month. This figure, however, can vary significantly depending on several factors including the location of the property, the value of the home, the coverage level, and the specific risks associated with the area. For instance, homes in regions prone to natural disasters such as hurricanes, earthquakes, or floods often face higher premiums due to the increased risk of damage.

Location plays a crucial role in determining home insurance costs. Urban areas with high property values and higher crime rates might see higher premiums, while rural areas generally have lower rates. Moreover, states like Florida and Texas, which are more susceptible to hurricanes and severe weather conditions, tend to have higher average costs compared to states with milder climates.

The age and condition of a home also impact insurance rates. Older homes or those that have not been well-maintained may cost more to insure due to the higher likelihood of needing repairs or replacements. Insurers might offer discounts for homes equipped with safety features such as security systems, smoke detectors, and storm shutters, which can help reduce the risk of damage or loss.

Additionally, the level of coverage selected by the homeowner will affect the overall cost. Standard policies typically cover the structure of the home, personal belongings, liability protection, and additional living expenses if the home becomes uninhabitable. Homeowners can choose to increase their coverage limits or add endorsements for specific items or risks, which will raise the premium accordingly. On the other hand, opting for a higher deductible can lower the annual premium, although it means the homeowner will pay more out-of-pocket in the event of a claim.

Find the Cheapest Home Insurance Rates in Your State

Finding the cheapest home insurance rates in your state involves a combination of research, comparison, and understanding the factors that affect premiums. InsuranceQuotes takes the research work by helping you get multiple homeowners insurance quotes fast and easily. Here are some addition steps to help you find the best rates:

1. Assess Your Insurance Needs

• Coverage Amount: Determine the amount of coverage you need for your home and belongings.
• Deductibles: Decide on a deductible amount you are comfortable with.
• Additional Coverage: Consider any additional coverage you might need, such as flood or earthquake insurance.

2. Shop Around

• Compare Your Quotes: Obtain quotes from multiple insurance providers. InsuranceQuotes can help you do this by simply filling out our form with the needed information.
• Independent Agents: Consider working with an independent insurance agent who can provide quotes from various companies.

3. Check Discounts

• Bundling: Many insurers offer discounts if you bundle your home insurance with other policies, such as auto insurance.
• Safety Features: Discounts are often available for homes with security systems, smoke detectors, or storm shutters.
• Loyalty and Claims-Free Discounts: Some insurers provide discounts for long-term customers or those with a claims-free history.

4. Evaluate Insurers

• Financial Stability: Check the financial ratings of insurance companies through agencies like A.M. Best, Moody’s, or Standard & Poor’s.
• Customer Service: Read reviews and check ratings from sources like J.D. Power and Consumer Reports to evaluate customer satisfaction and claims handling.

5. Review Home Policy Details

• Coverage Limits: Ensure the policy covers the replacement cost of your home and personal belongings.
• Exclusions: Be aware of what is not covered by the policy.
• Endorsements: Consider if you need additional endorsements for items like jewelry, electronics, or high-value art.

6. Consider Local Factors

• State-Specific Risks: Understand the specific risks in your state that may affect insurance rates, such as the likelihood of natural disasters.
• State Insurance Department: Visit your state’s insurance department website for information on average rates and consumer guides.

7. Improve Your Home’s Insurability

• Maintenance and Repairs: Keep your home in good condition and address any issues that could lead to claims.
• Safety Upgrades: Install features that reduce risk, such as updated wiring, plumbing, or a new roof.

8. Reevaluate Annually

• Policy Review: Review your policy annually to ensure it still meets your needs and remains competitively priced.
• Rate Changes: Be aware of any changes in your insurance rates and shop around again if you notice significant increases.

How Much Does Homeowners Insurance Cost in My State?

Use the links below to go to our individual home insurance cost guides for your state:

• Alabama
• Alaska
• Arizona
• Arkansas
• California
• Colorado
• Connecticut
• Delaware
• Florida
• Georgia
• Hawaii
• Idaho
• Illinois
• Indiana
• Iowa
• Kansas
• Kentucky
• Louisiana
• Maine
• Maryland
• Massachusetts
• Michigan
• Minnesota
• Mississippi
• Missouri
• Montana
• Nebraska
• Nevada
• New Hampshire
• New Jersey
• New Mexico
• New York
• North Carolina
• North Dakota
• Ohio
• Oklahoma
• Oregon
• Pennsylvania
• Rhode Island
• South Carolina
• South Dakota
• Tennessee
• Texas
• Utah
• Vermont
• Virginia
• Washington
• West Virginia
• Wisconsin
• Wyoming

Which States Have the Most Expensive Home Insurance Costs on Average?

Homeowners insurance costs can vary widely across the United States due to factors such as climate, risk of natural disasters, and local economic conditions. Some states are consistently noted for having higher average homeowners insurance premiums. As of recent data, the following states are typically among the most expensive for homeowners insurance:

1. Florida

• Reasons: High risk of hurricanes, tropical storms, and flooding.
• Impact: Expensive premiums due to the frequency and severity of weather-related claims.

2. Texas

• Reasons: Exposure to hurricanes, tornadoes, and hailstorms.
• Impact: Increased costs due to frequent and varied severe weather events.

3. Louisiana

• Reasons: High vulnerability to hurricanes and flooding.
• Impact: Elevated insurance premiums due to significant weather-related risks and past catastrophic events like Hurricane Katrina.

4. Oklahoma

• Reasons: High frequency of tornadoes and severe storms.
• Impact: Elevated premiums due to the increased likelihood of wind and hail damage.

5. Mississippi

• Reasons: Risk of hurricanes, severe storms, and flooding.
• Impact: Higher costs due to the potential for significant weather-related damage.

6. California

• Reasons: Risk of wildfires and earthquakes.
• Impact: High premiums, particularly in areas prone to wildfires and where earthquake insurance is necessary.

7. Alabama

• Reasons: Susceptibility to hurricanes and severe storms.
• Impact: Higher premiums due to the frequency of weather-related claims.

8. Rhode Island

• Reasons: Risk of hurricanes and coastal storms.
• Impact: Elevated costs due to the potential for storm damage, especially in coastal areas.

9. Connecticut

• Reasons: Exposure to hurricanes and coastal storms.
• Impact: Higher insurance rates due to potential storm and flood damage.

10. South Carolina

• Reasons: Risk of hurricanes and coastal flooding.
• Impact: Higher premiums because of the likelihood of weather-related damage.

These states typically have higher homeowners insurance premiums due to their increased risk of natural disasters and severe weather events. Homeowners in these areas often need more comprehensive coverage to protect against the specific risks associated with their locations, contributing to higher insurance costs.

Which States Have the Cheapest Home Insurance on Average?

Several states are known for having lower average home insurance premiums due to fewer natural disasters, lower crime rates, and overall lower risk factors. As of recent data, the following states generally have the cheapest home insurance rates on average:

1. Hawaii

• Reasons: Although prone to hurricanes, Hawaii has fewer claims compared to other high-risk areas and benefits from generally lower crime rates.
• Impact: Lower overall average premiums due to fewer large-scale disaster claims.

2. Vermont

• Reasons: Low risk of natural disasters and low crime rates.
• Impact: Among the lowest insurance premiums in the nation.

3. Delaware

• Reasons: Minimal exposure to severe weather events and low crime rates.
• Impact: Consistently lower premiums due to lower risk factors.

4. Utah

• Reasons: Low incidence of natural disasters and relatively low crime rates.
• Impact: Home insurance rates are generally low compared to the national average.

5. Oregon

• Reasons: Mild climate with fewer natural disasters like hurricanes or tornadoes.
• Impact: Lower average premiums because of fewer weather-related claims.

6. New Hampshire

• Reasons: Low crime rates and fewer severe weather events.
• Impact: Lower home insurance costs due to reduced risk factors.

7. Washington

• Reasons: Mild weather and relatively low crime rates.
• Impact: Generally lower home insurance premiums.

8. Idaho

• Reasons: Low incidence of natural disasters and low population density.
• Impact: Lower average insurance rates due to fewer claims.

9. Wisconsin

• Reasons: Low risk of natural disasters and moderate climate.
• Impact: More affordable home insurance premiums.

10. Ohio

• Reasons: Moderate weather and lower crime rates compared to national averages.
• Impact: Lower home insurance costs.

These states benefit from fewer natural disasters, lower crime rates, and overall lower risks, which contribute to their cheaper average home insurance rates. Homeowners in these areas typically face fewer claims and therefore enjoy more affordable insurance premiums.

Average Cost of Homeowners Insurance by State for a $300,000 Home

Methodology: How InsuranceQuotes Calculates Home Insurance Cost Data

InsuranceQuotes works with Quadrant Information Services to analyze updated 2024 rates for all 50 states under all zip codes. The homeowner profile is based off of a married person with a clean claim history, good credit who has opted for the following coverage limits:

• Coverage A: Dwelling: $150,000, $300,000, $350,000, $450,000, $750,000
• Coverage B: Other Structures: $15,000, $30,000, $35,000, $45,000, $75,000
• Coverage C: Personal Property: $75,000, $150,000, $175,000, $225,000, $375,000
• Coverage D: Loss of Use: $30,000, $60,000, $70,000, $90,000, $150,000
• Coverage E: Liability: $500,000
• Coverage F: Medical Payments: $1,000

What Affects the Cost of Homeowners Insurance?

Several factors influence the cost of home insurance, determining how much a homeowner will pay for their policy. Here are the primary factors that affect home insurance costs:

1. Location

• Risk of Natural Disasters: Areas prone to hurricanes, earthquakes, floods, or wildfires generally have higher premiums.
• Crime Rates: Higher local crime rates can increase premiums due to the greater risk of theft or vandalism.
• Proximity to Fire Services: Homes closer to fire stations or with good access to water supply may have lower premiums.

2. Home Characteristics

• Age and Condition: Older homes or those in poor condition might be more expensive to insure due to the higher likelihood of needing repairs.
• Construction Materials: Homes made from fire-resistant or durable materials may cost less to insure.
• Size and Value: Larger homes or those with higher market values typically require more coverage, resulting in higher premiums.

3. Coverage Amount and Type

• Coverage Limits: Higher coverage limits for dwelling, personal property, and liability increase the cost of insurance.
• Endorsements/Riders: Additional coverage for specific items or risks, such as jewelry or natural disasters, will raise premiums.

4. Deductible

• Amount: Choosing a higher deductible can lower your premium, but means you’ll pay more out-of-pocket in the event of a claim.

5. Claims History

• Frequency of Claims: A history of frequent claims can result in higher premiums.
• Type of Claims: Certain types of claims, like water damage or liability claims, can affect future rates more significantly.

6. Home Security and Safety Features

• Security Systems: Homes equipped with burglar alarms, smoke detectors, or other security systems may qualify for discounts.
• Fire Safety: Features like fire extinguishers, sprinkler systems, and fire-resistant roofing can reduce premiums.

7. Credit Score

• Credit-Based Insurance Score: In many states, insurers use a homeowner’s credit score to help determine premiums, with higher scores often resulting in lower rates.

8. Local Building Codes and Regulations

• Building Codes: Stringent building codes and regulations can affect insurance costs, as they may impact the cost to rebuild or repair homes.

9. Occupancy and Use

• Primary Residence vs. Secondary Home: Second homes or rental properties often have higher premiums due to increased risk of damage or vacancy periods.
• Number of Occupants: Homes with more occupants may have higher liability risks, influencing insurance costs.

10. Discounts

• Multi-Policy Discounts: Bundling home insurance with other policies, such as auto insurance, can lead to discounts.
• Loyalty Discounts: Some insurers offer lower rates for long-term policyholders.

By understanding these factors, homeowners can take steps to potentially lower their insurance premiums, such as improving home security, choosing higher deductibles, and maintaining a good credit score. Additionally, shopping around and comparing quotes from different insurers through InsuranceQuotes.com can help find the most competitive rates.

How Much Home Insurance Coverage Do You Need & What are Your Options?

Homeowners insurance typically includes several types of coverage designed to protect different aspects of your home and property. Understanding these coverage options can help you choose the right policy that fits your needs. Below is a list of common coverage options, along with explanations of their benefits and potential drawbacks for different homeowners.

1. Dwelling Coverage (Coverage A)

• What it Covers: Dwelling coverage protects the physical structure of your home, including the walls, roof, and built-in appliances. It typically covers damages from perils like fire, windstorms, hail, and vandalism.
• Benefits: Essential for all homeowners, as it ensures the cost of repairing or rebuilding your home is covered if it is damaged by a covered peril.
• Considerations: Make sure your dwelling coverage is sufficient to cover the full replacement cost of your home, not just its market value.

2. Other Structures Coverage (Coverage B)

• What it Covers: This covers structures on your property that are not attached to your home, such as a detached garage, shed, fence, or swimming pool.
• Benefits: Important if you have significant investments in detached structures. It provides financial protection if these structures are damaged.
• Considerations: If you don’t have any detached structures, you may not need this coverage, or you could opt for minimal coverage.

3. Personal Property Coverage (Coverage C)

• What it Covers: Personal property coverage protects your belongings, such as furniture, electronics, clothing, and other personal items, against covered perils.
• Benefits: Crucial for homeowners who have valuable personal possessions. It provides peace of mind knowing your belongings are covered if they are stolen or damaged.
• Considerations: High-value items (e.g., jewelry, art) may require additional coverage known as “scheduled personal property” to fully protect them.

4. Loss of Use/Additional Living Expenses (ALE) Coverage (Coverage D)

• What it Covers: ALE covers the cost of temporary living expenses if your home becomes uninhabitable due to a covered peril. This can include hotel bills, restaurant meals, and other living expenses.
• Benefits: Essential if you would struggle to cover temporary living expenses out of pocket. It ensures you can maintain your standard of living while your home is being repaired.
• Considerations: Not all homeowners may need extensive ALE coverage, especially if they have alternative housing options.

5. Personal Liability Coverage (Coverage E)

• What it Covers: This covers legal expenses and damages if you are sued for bodily injury or property damage caused by you or your family members to others.
• Benefits: Important for protecting your assets if you are found legally responsible for injuries or damages. It also covers legal defense costs.
• Considerations: Higher coverage limits may be necessary if you have significant assets, while minimal coverage might suffice for others.

6. Medical Payments to Others (Coverage F)

• What it Covers: Medical payments coverage pays for medical expenses for guests who are injured on your property, regardless of fault.
• Benefits: Helpful for covering minor injuries that occur on your property, potentially preventing small claims from escalating into lawsuits.
• Considerations: The coverage limits are typically low, so it’s intended for minor injuries. It may not be as crucial for homeowners with few visitors.

7. Flood Insurance

• What it Covers: Flood insurance covers damage caused by flooding, which is not included in standard homeowners insurance policies. It’s typically purchased through the National Flood Insurance Program (NFIP) or private insurers.
• Benefits: Essential for homeowners in flood-prone areas, as flood damage can be devastating and costly.
• Considerations: If you live in an area with a low risk of flooding, you may not need this coverage. However, it’s important to assess your risk carefully.

8. Earthquake Insurance

• What it Covers: Earthquake insurance covers damage caused by earthquakes, which is not included in standard homeowners insurance policies.
• Benefits: Crucial for homeowners in earthquake-prone regions like California. It helps cover the costs of repairs and rebuilding after an earthquake.
• Considerations: If you live in an area with little or no earthquake risk, you might not need this coverage. However, consider the potential financial impact of an earthquake.

9. Windstorm Insurance

• What it Covers: Windstorm insurance covers damage caused by wind-related events such as hurricanes and tornadoes. In some high-risk areas, wind damage may not be fully covered under standard policies and requires separate coverage.
• Benefits: Important for homeowners in areas prone to hurricanes and severe windstorms. It ensures that wind damage is fully covered.
• Considerations: If you live in a region with a low risk of wind damage, this coverage may be less necessary.

10. Replacement Cost vs. Actual Cash Value (ACV) Coverage

• What it Covers: Replacement cost coverage pays to replace your damaged property with new items of similar kind and quality. Actual cash value (ACV) coverage pays to replace your property minus depreciation.
• Benefits: Replacement cost coverage is beneficial because it covers the full cost of replacing items, while ACV is more affordable but provides less coverage.
• Considerations: Homeowners should weigh the cost difference between replacement cost and ACV coverage. Replacement cost coverage is typically recommended for better financial protection.

11. Ordinance or Law Coverage

• What it Covers: This covers the additional costs required to bring your home up to current building codes during repairs or rebuilding after a covered loss.
• Benefits: Important for older homes where building codes may have changed significantly. It ensures you’re not paying out of pocket for required updates.
• Considerations: If your home is newer and already meets current codes, this coverage may be less critical.

12. Water Backup Coverage

• What it Covers: Water backup coverage protects against damage caused by water backing up through sewers or drains, or from a sump pump overflow.
• Benefits: Useful in areas where sewer backups or sump pump failures are common, as these incidents can cause significant damage.
• Considerations: This coverage is optional and may not be necessary for homes with no history of such issues.

13. Identity Theft Restoration

• What it Covers: This provides assistance and financial reimbursement for expenses related to restoring your identity if you become a victim of identity theft.
• Benefits: Helpful for anyone concerned about identity theft, as it covers the costs of legal fees, lost wages, and more.
• Considerations: This coverage is optional and may not be needed if you have other forms of identity theft protection.

14. Scheduled Personal Property Coverage

• What it Covers: This provides additional coverage for high-value items such as jewelry, art, collectibles, and antiques that exceed the limits of standard personal property coverage.
• Benefits: Essential for homeowners with valuable items that need extra protection.
• Considerations: If you don’t own high-value items, this coverage may not be necessary.

15. Green Home Coverage

• What it Covers: Green home coverage provides additional funds to repair or rebuild your home using environmentally friendly materials and energy-efficient technologies.
• Benefits: Ideal for eco-conscious homeowners who want to ensure their home remains energy-efficient and environmentally friendly after a loss.
• Considerations: This coverage may not be necessary if you do not prioritize green building materials or technologies.

When selecting homeowners insurance coverage, it’s important to consider your specific needs, the risks associated with your home, and your financial situation. Some coverages are essential for all homeowners, while others may be optional depending on your circumstances. Reviewing and understanding each type of coverage will help you create a policy that offers the right balance of protection and affordability.