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Homeowners insurance costs $781–$3,383 annually nationwide, or roughly $65–$282 per month. Rates vary dramatically by location—Hawaii averages $376 per year while Oklahoma tops $3,500. Your dwelling coverage amount, deductible, and state risk factors drive the final premium.
Quick Cost Stats
- National Average: $1,200–$1,800/year
- Lowest State: Hawaii ($376/year)
- Most Expensive: Oklahoma ($3,519/year)
- Typical Dwelling Coverage: $200,000–$400,000
- Mortgage Requirement: Lenders require coverage when you have a mortgage
Homeowners Insurance Cost by State
Location dramatically affects homeowners insurance pricing. Use the map below to see average annual premiums by state—they range from $376 in Hawaii to $3,519 in Oklahoma based on hurricane risk, tornado exposure, wildfire zones, and local building costs. For state-specific rates and guides, see homeowners insurance by state.
Most Expensive States for Homeowners Insurance
Oklahoma leads at $3,519 per year, followed by Nebraska ($2,816), Kansas ($2,694), Arkansas ($2,142), and New Mexico ($2,024). Tornado alley exposure, severe hail, and hurricane-prone coastal states drive costs up. Oklahoma and the Plains states face the highest natural disaster risk in the country.
Cheapest States for Homeowners Insurance
Utah ($647), Hawaii ($376), Delaware ($680), Vermont ($686), and Oregon ($712) are among the most affordable. States with lower hurricane, tornado, and wildfire risk typically see lower premiums.
Complete State-by-State Homeowners Insurance Costs
| State | Annual Cost | Monthly Cost |
|---|---|---|
| Alabama | $1,624 | $135 |
| Alaska | $1,040 | $87 |
| Arizona | $1,189 | $99 |
| Arkansas | $2,142 | $179 |
| California | $1,014 | $85 |
| Colorado | $1,659 | $138 |
| Connecticut | $1,184 | $99 |
| Delaware | $680 | $57 |
| Florida | $1,353 | $113 |
| Georgia | $1,376 | $115 |
| Hawaii | $376 | $31 |
| Idaho | $835 | $70 |
| Illinois | $1,322 | $110 |
| Indiana | $1,150 | $96 |
| Iowa | $1,289 | $107 |
| Kansas | $2,694 | $225 |
| Kentucky | $1,839 | $153 |
| Louisiana | $1,813 | $151 |
| Maine | $956 | $80 |
| Maryland | $1,124 | $94 |
| Massachusetts | $1,307 | $109 |
| Michigan | $1,120 | $93 |
| Minnesota | $1,785 | $149 |
| Mississippi | $1,773 | $148 |
| Missouri | $1,558 | $130 |
| Montana | $1,826 | $152 |
| Nebraska | $2,816 | $235 |
| Nevada | $822 | $69 |
| New Hampshire | $724 | $60 |
| New Jersey | $751 | $63 |
| New Mexico | $2,024 | $169 |
| New York | $987 | $82 |
| North Carolina | $1,295 | $108 |
| North Dakota | $1,841 | $153 |
| Ohio | $1,111 | $93 |
| Oklahoma | $3,519 | $293 |
| Oregon | $712 | $59 |
| Pennsylvania | $730 | $61 |
| Rhode Island | $1,193 | $99 |
| South Carolina | $1,142 | $95 |
| South Dakota | $1,917 | $160 |
| Tennessee | $1,625 | $135 |
| Texas | $1,863 | $155 |
| Utah | $647 | $54 |
| Vermont | $686 | $57 |
| Virginia | $1,013 | $84 |
| Washington | $863 | $72 |
| Washington DC | $902 | $75 |
| West Virginia | $1,124 | $94 |
| Wisconsin | $986 | $82 |
| Wyoming | $805 | $67 |
Expert Insight: Why averages aren't your premium
People ask for an average home insurance cost, but there is no single number that applies to your situation. Your premium stacks dozens of rating factors—dwelling limit, deductible, roof age, claims history, credit where allowed, and how each company models replacement cost and catastrophe risk in your area. Brianna quoted the same house with two insurers and saw different dwelling estimates and premiums: same address, different underwriting. The tables on this page show ranges and state comparisons; your real cost comes when you run actual quotes for your home.
—Brianna Baiocco
Homeowners Insurance Cost by Coverage Level
Your dwelling coverage limit—the amount to rebuild your home—directly affects your premium. Most policies include personal property, liability, and loss of use as percentages of the dwelling amount.
| Dwelling Coverage | Average Annual Cost | Average Monthly Cost |
|---|---|---|
| $150,000 | $900–1,200 | $75–100 |
| $200,000 | $1,000–1,500 | $83–125 |
| $250,000 | $1,200–1,800 | $100–150 |
| $300,000 | $1,400–2,100 | $117–175 |
| $400,000 | $1,800–2,800 | $150–233 |
| $500,000 | $2,200–3,500 | $183–292 |
Increasing your deductible from $500 to $1,000 typically saves 10–15% on your premium. Many homeowners choose $1,000, $2,500, or $5,000 deductibles to balance premium savings with out-of-pocket risk.
Homeowners Insurance Cost by Company
Average annual premiums vary significantly by carrier. Here are typical costs for $250,000 dwelling coverage:
| Company | Annual Cost | Notes |
|---|---|---|
| Progressive | $1,026 | Competitive base rates |
| USAA | $992 | Members only |
| Nationwide | $1,042 | Strong bundling |
| Erie | $897 | Regional, often lower |
| Auto-Owners | $1,165 | Midwest focus |
| Travelers | $1,269 | National availability |
| American Family | $1,295 | Midwest/West |
| Allstate | $1,458 | Broad footprint |
| State Farm | $1,503 | Largest market share |
| Chubb | $1,630 | High-value homes |
| Hartford | $1,609 | Strong service |
| Farmers | $1,980 | Varies by region |
| Amica | $2,644 | Premium service tier |
At Insurance Geek, you can compare real quotes from multiple carriers. We work with top-rated home insurance companies to find the best rate for your situation. Get your free homeowners insurance quote to compare rates.
What Affects Your Homeowners Insurance Cost?
Several factors influence your premium. Understanding these helps you control costs while maintaining adequate protection.
Location Factors
- Natural disaster risk: Hurricane, tornado, hail, and wildfire zones cost more
- Protection class: Distance from fire station and hydrants affects rates (1–4 urban with full protection; 9–10 rural with delayed response)
- Crime rates: Higher theft areas may see increased premiums
- Building costs: Local labor and material prices affect replacement cost
Property Factors
- Dwelling coverage amount: Higher limits cost more
- Construction materials: Frame vs. brick, roof type, and age matter
- Security features: Alarms and deadbolts can save 5–10%
- Year built: Newer homes often get discounts
- Deductible: Higher deductibles lower premiums
Personal Factors
- Credit score: Poor credit can increase rates 20–50% in states where allowed
- Claims history: Previous claims (especially 2+) stay on record 5–7 years and raise premiums
- Bundling: Auto + home with same carrier typically saves 10–25%
Carriers use replacement cost valuation (often Marshall & Swift®) to determine how much dwelling coverage you need. Learn more about ACV vs. replacement cost to understand coverage options.
How to Save on Homeowners Insurance
Most homeowners qualify for multiple discounts.
| Strategy | Typical Savings |
|---|---|
| Bundle auto + home | 10–25% |
| Higher deductible ($1,000–2,500) | 10–15% |
| Security system | 5–10% |
| New roof | 10–20% |
| Claims-free discount | 5–15% |
| Pay annually | 3–5% |
Bundling home and auto insurance provides the biggest savings. Increasing your deductible from $500 to $1,000 or $2,500 can significantly reduce your annual premium—just ensure you can afford the out-of-pocket amount if you file a claim.
Compare quotes at least once a year. Rates change, and switching carriers can save hundreds. Use our homeowners insurance calculator to estimate your needs.
What Does Homeowners Insurance Cover?
Standard policies include dwelling coverage (structure), personal property, liability, and loss of use. Flood and earthquake typically require separate policies. For a full breakdown, see our guides on home insurance coverages, dwelling coverage, and personal liability.
State averages tell you where your premium should roughly land — but your actual quote depends on your home's specific rebuild cost, roof age, claims history, and how each carrier weights those factors in your ZIP code. Sharing your current policy through Canopy Connect takes under two minutes and lets a licensed agent run real carrier comparisons against the rate table above.
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About Brad Cummins
Brad Cummins is the founder of Insurance Geek and primary author of its educational content. Licensed since 2004, he brings over 21 years of experience structuring life insurance and IUL strategies for clients nationwide.
Fact checked by Brianna Baiocco
Brianna Baiocco runs P&C operations at Insurance Geek and fact-checks property and casualty content. Licensed since 2009, she brings over 16 years of experience in auto, home, renters, and commercial insurance.
