Homeowner Insurance Cost By State

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.

Homeowner insurance cost by state. Average cost by state. According to the national association of insurance commissioners home insurance rates are up almost 47 in the last 10 years alone to help you understand the market we did some digging to discover which states are the most and least expensive. It depends but the national average for home insurance is 2 305. Some states pay a lot more while some a lot less.

The cost of insuring a home has continued to rise steadily throughout the country. If you live in an area with high real estate values. Average homeowners insurance cost by state. How much is homeowners insurance.

First the foreclosure rate dropped from 3 01 per 10 000 homes to 0 10 per 10 000 homes. 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. In addition the average cost of homeowners insurance in the state fell by about 150. Note that the dollar differences in parenthesis are those that are greater than the national average.

For a quick reference the average home insurance rate for an annual premium based on an ho 3 standard homeowners insurance packaged policy in the united states is 1 096 a year. The average cost of homeowners insurance by state. Our average home insurance data table below explains the average premium increases year over year. Where you live will also impact your cost of homeowners insurance.

Cost of homeowners insurance state by state the amount of premium that you pay towards your home insurance policy is influenced by a number of factors such as the size area and use of the property as well as discounts that you could receive under certain conditions. Massachusetts did not rank in the top half of states for homeowners in last year s study but it ranks sixth this year. The national average is 2 305 but most people pay somewhere between 1 500 and 3 000 each year on homeowners insurance. Rank state average rate more or less than 2 305 national average rate.