Cost Home Insurance

Louisiana has the most expensive home insurance at an average of over 1 900 a year and oregon has the cheapest average home insurance at around 650 a year.

Cost home insurance. From our research the average cost of a home insurance policy is 112 a month based on a home worth 500 000 and contents of 100 000 in a suburban city. The national association of insurance commissioners naic reports the average premium for homeowners insurance is 1 192. Who offers the. The average cost of homeowners insurance is around 1 200 a year but many factors play a role including the details of your property and which state and city you live in.

The average home insurance premium for owner occupied homes is 1 211 according to 2019 data from the national association of insurance commissioners naic. Average premiums for an ho 3 policy. However the cost of homeowners insurance varies by state. For example if the average cost is 1 918 but this is for a 200 000 home then you can not reasonably expect to be paying close to an average price on home insurance if your home reconstruction value is 500 000 or over 1 000 000.

To give you an idea of costs canstar s research team has calculated the average annual home and contents insurance premiums across australia for policies on our database based on the sum insured values of 550 000 for home or building cover and 50 000 for contents. Worryingly the association of british insurers abi say around 7 5 million households have no insurance at all. As you ll see in the homeowners insurance cost by state chart below oklahoma is the most expensive state for home insurance 2 140 more than the national average for the coverage level analyzed. Your cost will depend on a variety of.

Certain types of houses and houses located in certain areas create a higher. Here s how much homeowners insurance costs on average by home value in the united states according to the naic. The average combined home and contents insurance policy costs 161 75 a year according to the aa british insurance premium index.