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Insure.com’s analysis of rates from top insurers for every state and nearly every city — down to the ZIP code — found the average annual cost of homeowners insurance to be $2,601. That’s the average for a home insurance policy with $300,000 in dwelling coverage and personal liability and a $1,000 deductible. 

States with frequent hurricanes, hailstorms, tornadoes, and earthquakes tend to have higher home insurance rates. 

“Different geographic regions are susceptible to different causes of loss.  For instance, we don’t tend to have hurricanes in the mid-Western United States, but we do have lots of tornadoes there. Living on the water increases flood risk,” says Brenda Wells, chair of the Department of Finance and Insurance at East Carolina University.

To get the best rates for your situation, shop around with at least three to five insurance companies. By comparing rates from multiple insurers, you can get the best possible coverage at the lowest price.

Summary of average homeowners insurance cost
Average annual home insurance cost
$2,601/Year
Average home insurance cost per month
$217/Month
Least expensive ZIP
96813 – $610/Year
Most expensive ZIP 
28480 – $29,684/Year
Cheap home insurance provider
Allstate
– $2,098/Year
Average home insurance cost for $400K home
$3,231/Year

Key Takeaways

  • ZIP code 28480 in Wrightsville Beach, North Carolina, is the most expensive ZIP code for homeowners insurance with an average cost of $26,086 per year.
  • ZIP code 96813 in Honolulu, Hawaii, is the least expensive ZIP code for homeowners insurance with an average cost of $610 per year.
  • Hawaii is the least expensive state for home insurance, but hurricane damage is excluded from standard policies.

How to estimate average home insurance cost by ZIP code?

A homeowners insurance calculator is provided below to help you estimate the average cost of home insurance by ZIP code.

Home Insurance Calculator

See how the average annual home insurance rates vary with the options chosen.

Average Annual Home Insurance Rates
33315 - Fort Lauderdale
$10,230 Average rate
$19,810 Highest
rate
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$2,341 Lowest
rate

Most expensive ZIP for home insurance in
Florida

ZIP Code City Average Rate
33070 Islamorada Village of Islands $18,374
33037 Key Largo $18,140
33036 Islamorada Village of Islands $18,033
33001 Long Key $18,014

Least expensive ZIP for home insurance in
Florida

ZIP Code City Average Rate
32307 Tallahassee $2,251
32313 Tallahassee $2,251
32306 Tallahassee $2,251
32308 Tallahassee $2,267

Methodology

Insure.com commissioned Quadrant Information Systems to field home insurance rates from major insurers in each state for nearly all ZIP codes in the country for 10 coverage levels based on various dwelling and deductible limits. The homeowner profile is a 35-year-old married applicant with excellent insurance score; new business HO3 policy for house built in 2000 with frame construction and composition roof. Other Structures: 10%. Loss of Use defaulted: 10%. Guest Medical limit: $5,000. Deductible limit: $1,000. Personal property: 50% of dwelling coverage for replacement value
💡 Calculator data refreshed as of May 2024

Average homeowners insurance premiums by ZIP code and city

Homeowners insurance premiums vary greatly depending on your ZIP code. Your location determines the risks that are most likely to result in a claim, and the more severe and common those risks are, the more you are likely to pay. The same applies to the cost of building materials in your area.

Cost of living varies from town to town and city to city, which affects reconstruction and repair costs,” Wells says.

The least expensive ZIP code for homeowners insurance is 96813 in Honolulu, Hawaii, at $610 a year on average. 28480 in Wrightsville Beach, North Carolina is the most expensive ZIP code for home insurance with a sky-high average annual rate of $29,684. That’s an incredible difference of about $29,000 a year.

Rankings for the priciest ZIP codes were determined by identifying the ZIP code with the highest average rate for home insurance in each state and then listing them in descending order. 

For the cheapest, rankings were determined by identifying the neighborhoods with the least expensive average rates for home insurance and then listing them in ascending order for the following coverage level: 

  • $300,000 in dwelling coverage 
  • $1,000 deductible 
  • $300,000 liability coverage
  • 2% hurricane deductible where applicable

Highest homeowners insurance rates by ZIP code

An Insure.com analysis of the average cost of home insurance for nearly every ZIP code in the country found that the highest homeowners insurance rates belong to ZIP code 28480 in Wrightsville Beach, North Carolina. Its location on the coast leaves it vulnerable to hurricanes. ZIP codes in Islamorada, Florida, and El Lago, Texas ranked second and third.

It’s no surprise that many of the most expensive ZIP codes for homeowners insurance are in states that experience a lot of severe weather. The most expensive ZIP codes in Texas, Louisiana, Alabama, the Carolinas, and, of course, Florida all have coastal areas prone to catastrophic storms that are costly to insurers, who then pass that cost on to homeowners. Texas, Kansas, Oklahoma, Florida, Alabama, and Mississippi also have a lot of tornadoes.

The more claims insurers pay out for damage caused by wind, hail, and rain, the higher homeowners insurance costs will be for everyone. Take a look at the most expensive ZIP code in each state below.

Compare the most expensive ZIP codes for home insurance

State ZIP code City Average annual premium
Alaska99755Denali National Park$3,094
Alabama36528Dauphin Island$10,652
Arkansas72540Guion$6,089
Arizona85931Forest Lakes$3,936
California92325Crestline$2,084
Colorado81052Lamar$6,636
Connecticut6413Clinton$3,196
Washington, D.C.20500Washington$1,342
Delaware19944Fenwick Island$2,237
Florida33070Islamorada Village of Island$26,086
Georgia31522St. Simons$3,518
Hawaii96763Lanai City$616
Iowa51501Council Bluffs$3,118
Idaho83539Kooskia$2,187
Illinois60644Chicago$4,693
Indiana46403Gary$3,773
Kansas67868Pierceville$7,172
Kentucky42083Tiline$4,298
Louisiana70358Grand Isle$10,981
Massachusetts02552Menemsha$3,157
Maryland21824Ewell$2,673
Maine4929Detroit$1,629
Michigan48226Detroit$5,540
Minnesota55417Minneapolis$2,706
Missouri64125Kansas City$4,585
Mississippi39553Gautier$11,608
Montana59319Capitol$6,955
North Carolina28480Wrightsville Beach$29,684
North Dakota58533Elgin$3,618
Nebraska69353McGrew$8,376
New Hampshire03870Rye$1,606
New Jersey8203Brigantine$2,456
New Mexico88135Texico$5,552
Nevada89109Las Vegas$1,793
New York11976Water Mill$3,491
Ohio45630Friendship$2,889
Oklahoma73128Oklahoma City$7,031
Oregon97503White City$3,425
Pennsylvania19141Philadelphia$2,983
Rhode Island02882Narragansett$2,203
South Carolina29585Pawleys Island$6,965
South Dakota57751Keystone$4,377
Tennessee38127Memphis$4,525
Texas77586El Lago$14,025
Utah84080Vernon$2,143
Virginia23459Virginia Beach$4,196
Vermont05750Hydeville$1,444
Washington99140Keller$1,955
Wisconsin54028Woodville$1,907
West Virginia25666Breeden$2,480
Wyoming82061Horse Creek$2,641

Lowest homeowners insurance rates by ZIP code

ZIP code 96813 in Honolulu, Hawaii, has the lowest average homeowners insurance cost in the nation, but dozens of other Hawaii ZIP codes are also among the cheapest in the country. Why does Hawaii have such low home insurance rates? One factor is that standard home policies in Hawaii do not cover hurricane damage. Ever since Hurricane Iniki in 1992, homeowners in Hawaii must buy separate hurricane damage policies, per Michael Barry, chief communications officer of the Insurance Information Institute (III).

Hawaii is also one of the few states that don’t allow insurance companies to use credit ratings when pricing policies. Other locations on the cheapest list are low compared to the rest of the country, in part, because of the following factors:

  • Few major weather-related losses
  • Low crime rates
  • Relatively few major liability lawsuits filed

Rural areas and cities with low population density typically have lower home insurance rates because rebuilding costs are more affordable.

Compare the least expensive ZIP codes for home insurance

State ZIP code City Average annual premium
Alaska99824Douglas$1,220
Alabama35124Helena$2,488
Arkansas72758Rogers$3,446
Arizona85336Gadsden$1,753
California95051Santa Clara$990
Colorado81504Clifton$2,401
Connecticut6790Torrington$1,894
Washington, D.C.20001Washington$1,342
Delaware19808Pike Creek$1,006
Florida32072Olustee$2,886
Georgia30683Athens$2,008
Hawaii96813Honolulu$610
Iowa52001Dubuque$2,278
Idaho83708Boise City$1,766
Illinois61702Bloomington$2,332
Indiana46537La Paz$2,435
Kansas66030Gardner$3,899
Kentucky41075Fort Thomas$2,367
Louisiana71104Shreveport$2,755
Massachusetts1342Deerfield$1,167
Maryland20852North Bethesda$1,370
Maine4851Matinicus$1,242
Michigan49440Muskegon$1,766
Minnesota56601Bemidji$2,211
Missouri63368Dardenne Prairie$2,848
Mississippi39107Mc Adams$2,523
Montana59921Lake Mc Donald$2,287
North Carolina28658Newton$1,752
North Dakota58201Grand Forks$2,856
Nebraska68510Lincoln$4,003
New Hampshire3052Litchfield$1,138
New Jersey8803Baptistown$1,207
New Mexico88021Anthony$1,738
Nevada89701Carson City$1,324
New York14515North Greece$1,246
Ohio44274Sharon Center$1,677
Oklahoma74960Bell$5,043
Oregon97224King City$1,439
Pennsylvania15101Allison Park$1,571
Rhode Island2864Cumberland$1,762
South Carolina29614Greenville$1,695
South Dakota57005Brandon$3,073
Tennessee37682Milligan College$2,159
Texas79905El Paso$2,024
Utah84015Clearfield$1,508
Virginia22301Alexandria$1,518
Vermont5404Winooski$1,120
Washington98383Chico$1,313
Wisconsin53081Sheboygan$1,495
West Virginia26505Morgantown$1,495
Wyoming82901North Rock Springs$1,517

Average home insurance cost by state

Below, you can compare your state’s average home insurance costs to others nationwide. This homeowners insurance comparison by state shows average homeowners insurance for a $300,000 house (by dwelling coverage, not market value) with a $1,000 deductible.

State Average annual premium
Alaska$1,708
Alabama$3,147
Arkansas$3,958
Arizona$2,490
California$1,405
Colorado$4,099
Connecticut$2,231
Washington, D.C.$1,342
Delaware$1,384
Florida$4,419
Georgia$2,302
Hawaii$613
Iowa$2,654
Idaho$1,961
Illinois$3,062
Indiana$2,991
Kansas$4,843
Kentucky$3,326
Louisiana$3,594
Massachusetts$1,640
Maryland$1,715
Maine$1,391
Michigan$2,411
Minnesota$2,420
Missouri$3,543
Mississippi$3,380
Montana$3,289
North Carolina$2,941
North Dakota$3,147
Nebraska$4,800
New Hampshire$1,221
New Jersey$1,526
New Mexico$2,647
Nevada$1,467
New York$1,816
Ohio$2,160
Oklahoma$5,858
Oregon$1,755
Pennsylvania$1,911
Rhode Island$1,950
South Carolina$2,678
South Dakota$3,390
Tennessee$3,060
Texas$3,851
Utah$1,802
Virginia$2,151
Vermont$1,263
Washington$1,612
Wisconsin$1,662
West Virginia$1,911
Wyoming$1,897

How much is home insurance per month?

The average cost of homeowners insurance is $217 per month. However, rates vary significantly from state to state and city to city.

Home insurance monthly costs range from the highest in Oklahoma at $488 to the lowest in Hawaii at $51. 

RankStateAverage monthly premium
1Oklahoma $488
2Kansas $404
3Nebraska $400
4Florida $368
5Colorado $342
6Arkansas $330
7Texas $321
8Louisiana $299
9Missouri $295
10South Dakota $283
11Mississippi $282
12Kentucky $277
13Montana $274
14Alabama $262
15North Dakota $262
16Tennessee $255
17Illinois $255
18Indiana $249
19North Carolina $245
20South Carolina $223
21Iowa $221
22New Mexico $221
23Arizona $208
24Minnesota $202
25Michigan $201
26Georgia $192
27Connecticut $186
28Ohio $180
29Virginia $179
30Idaho $163
31Rhode Island $162
32West Virginia $159
33Pennsylvania $159
34Wyoming $158
35New York $151
36Utah $150
37Oregon $146
38Maryland $143
39Alaska $142
40Wisconsin $138
41Massachusetts $137
42Washington $134
43New Jersey $127
44Nevada $122
45California $117
46Maine $116
47Delaware $115
48Washington, D.C. $112
49Vermont $105
50New Hampshire $102
51Hawaii $51

Pay close attention to the fine print regarding deductibles. Insurers have been hard hit the last few years, and some are now requiring percentage deductibles for certain risks, especially if you live in a coastal region, according to David Marlett, managing director of the Brantley Risk and Insurance Center and a distinguished professor of insurance at Appalachian State University.

These are usually separate deductibles and you would still have a regular flat-rate deductible on top of it.

“A wind/hurricane/named storm deductible of 2 to 5% is pretty common. It can certainly add up considering the value of coastal properties,” explains Dr. Marlett. “If you insure a home for $500,000 replacement cost and have a 5% ‘named storm’ deductible, the consumer pays the first $25,000 for losses from a tropical storm or hurricane.”

Dr. Marlett suggests homeowners get quotes from multiple companies and ask each insurer to provide a quote based on a $500, $1,000 or $2,500 deductible option. Compare these quotes against each other — and remember to ask about any available discounts.

Average home insurance costs by company

To give you an idea of which insurance companies in your area offer the lowest rate, below are the average annual premiums from top home insurers for an insurance policy with  coverage limits of:

  • Dwelling coverage: $300,000
  • Deductible: $1,000
  • Liability: $300,000
CompanyAverage annual premium
Allstate$2,098 
State Farm$2,169 
American Family$2,504 
USAA*$2,506 
Nationwide$2,746 
Progressive$3,193 
Farmers$3,194 
Travelers$3,701 

*USAA is only available to military families

Average home insurance costs by coverage level

We compiled the nationwide average home insurance costs based on different coverage amounts, all with a $1,000 deductible. You can compare average rates for 10 coverage levels in the table below.

Dwelling coverageLiability coverageAverage annual premium
$200,000$100,000$1,988 
$200,000$300,000$2,005 
$300,000$100,000$2,582 
$300,000$300,000$2,601 
$400,000$100,000$3,211 
$400,000$300,000$3,231 
$600,000$100,000$4,651 
$600,000$300,000$4,677 
$1,000,000$100,000$7,380 
$1,000,000$300,000$7,412 

Once you know how much coverage you need, see your state’s average rates for eight different coverage levels in the table below. You can also get more information by reading our average rates for recommended coverage levels guide.

How much is homeowners insurance on a $200,000 house?

The average cost of home insurance is $2,005 a year for $200,000 in dwelling coverage, $300,000 in liability, and a $1,000 deductible. Remember that this is not related to the home’s market value.

How much does homeowners insurance cost for a $300,000 house with $100,000 liability?

The average cost of homeowners insurance at $300,000 in dwelling coverage is $1,988, with $100,000 in liability and a $1,000 deductible, The $300,000 in dwelling coverage reflects replacement cost, not market value.

How much is homeowners insurance on a $400,000 house?

The average annual rate for a home with $400,000 in dwelling coverage, $300,000 in liability and a $1,000 deductible is $3,231 a year or $269 per month, according to a rate analysis by Insure.com. Again, this is not based on market value.

In the table below, see how much it costs to insure a $400,000 replacement cost home in each state with $300,000 in liability and a $1,000 deductible.

StateAverage annual premium
Alaska$2,064 
Alabama$3,872 
Arkansas$4,795 
Arizona$3,063 
California$1,772 
Colorado$4,976 
Connecticut$2,723 
Washington, D.C.$1,703 
Delaware$1,729 
Florida$5,516 
Georgia$2,882 
Hawaii$791 
Iowa$3,230 
Idaho$2,449 
Illinois$3,693 
Indiana$3,720 
Kansas$6,220 
Kentucky$4,246 
Louisiana$4,564 
Massachusetts$1,998 
Maryland$2,131 
Maine$1,741 
Michigan$3,063 
Minnesota$2,999 
Missouri$4,370 
Mississippi$4,220 
Montana$4,065 
North Carolina$3,678 
North Dakota$3,898 
Nebraska$5,959 
New Hampshire$1,488 
New Jersey$1,894 
New Mexico$3,489 
Nevada$1,853 
New York$2,349 
Ohio$2,621 
Oklahoma$7,294 
Oregon$2,185 
Pennsylvania$2,316 
Rhode Island$2,381 
South Carolina$3,335 
South Dakota$4,275 
Tennessee$3,768 
Texas$4,744 
Utah$2,161 
Virginia$2,752 
Vermont$1,555 
Washington$2,017 
Wisconsin$2,038 
West Virginia$2,354 
Wyoming$2,490 
expert

What our expert says

expert-image
Brenda WellsRobert F. Bird Distinguished Professor of Risk Management and Insurance, East Carolina University
“Different geographic regions are susceptible to different causes of loss. For instance, we don’t tend to have hurricanes in the mid-Western United States, but we do have lots of tornadoes there.”

Factors that affect the cost of homeowners insurance 

Location plays a major role in the cost of homeowners insurance policies. Here’s what insurers consider related to location: 

  • Weather — areas that experience more natural disasters will likely have higher premiums
  • Population density
  • Proximity to a fire department and fire hydrant
  • Claims history for the area

“Distance from a fire hydrant and a fire department matter, as response times in critical situations are delayed with greater distance,” Wells says.

Home insurance rates are also based on other factors, including:

  • The age of your home
  • The building materials your home was constructed with
  • The claims history of your house
  • Your credit history (except in California, Massachusetts and Maryland)
  • Your marital status
  • How much coverage you buy and the deductible you choose
  • Home insurance discounts you qualify for

“An old wood home is more flammable, and will thus cost more to insure than a brick home, which is more fire resistant. Newer homes tend to be more wind and fire resistant, though that can vary with the geographic region and building codes,” Wells says.

More specifically, each state has its own unique situation that may cause insurance rates to increase or drop. The frequency of severe weather and how home insurance covers damage from that weather can have a big impact on rates, as shown in the examples below.

Oklahoma home insurance rates: 125% higher than average

Oklahoma is the most expensive state in the country for homeowners insurance. It had 314 major hail events and 48 tornadoes in 2023, according to the National Oceanic and Atmospheric Administration’s Storm Prediction Center. Andrew Schallhorn, Deputy Commissioner of Financial Regulation and Chief Actuary for the Oklahoma Insurance Department, explains, “Homeowners rates in Oklahoma are high for many reasons including weather (tornados, hail, ice).”

Kansas home insurance rates: 86% higher than average

Kansas is part of the “Tornado Alley” — an area where destructive tornadoes are more likely to occur. Kansas had 39 tornados in 2023 and a total of 761 severe wind events. 

Besides tornadoes, hail damage is another reason home insurance rates are much more expensive in Kansas than in most other states. Kansas had 459 severe hail events in 2023.

Nebraska home insurance rates: 85% higher than average

Nebraska sees a range of severe weather, topping both aforementioned states for tornadoes in 2023 with a total of 81 tornadoes. The state also counted 486 severe hail events, including one in April of 2023, when hailstones of up to three inches in diameter were reported. And Nebraska also sees major winter storms that can bring serious damage.

New Hampshire home insurance rates: 53% lower than average

With only a small amount of coastline, New Hampshire’s mostly inland location insulates it from the hurricane damage many neighboring states see. In general, there is a low incidence of severe weather events, helping to keep home insurance rates low.

Hawaii home insurance rates: 76% lower than average

Hawaii’s low home insurance rates are partly because home insurance policies exclude hurricane damage. However, banks require a supplemental hurricane insurance policy to approve a mortgage in Hawaii; this total cost should be considered when pricing home insurance here.

How to save on homeowners insurance

No matter where your home is, there are some ways you can save some money on your policy. 

Compare insurance quotes. Always compare home insurance quotes from at least three companies at least once a year. The best company for you today might not be the best later if your circumstances change, like if you file a claim or remodel your home. Even if nothing changes, comparing competitors regularly is always worth it.

Ask about discounts. Insurance companies offer discounts for different situations, like first-time homeowners or upgrading your security system. You can also look into bundling your home and auto insurance. 

Raise your deductible. Raising your home insurance deductible can reduce your payments by 20% and 40% depending on your insurance company and coverage. Make sure you can afford the deductible if you need to pay it.

Methodology

Insure.com compared homeowners insurance rates in 2024 provided by Quadrant Data Solutions for dwelling coverage ranging from $200,000 to $1,000,000 with liability limits of $100,000 and $300,000 and a deductible of $1,000 for all available ZIP codes. For state averages, a filter was used to remove rates over $10,000 a year; the purpose of this was to ensure that a few ZIP codes with excessively high rates did not skew the average.

ZIP codes were ranked based on the average rates for dwelling coverage of $300,000, liability coverage of $300,000, and a $1,000 deductible. A 2% hurricane deductible was included where applicable. For ZIP code-level data.

How much is homeowners insurnace in your state?

Homeowners insurance costs can vary widely depending on where you live. Factors like weather conditions, crime rates, and the overall cost of living in your area play a significant role in determining your premiums. Below are the average annual costs of homeowners insurance in various states.

Alabama $2,882/Year
Alaska $1,867/Year
Arizona $1,947/Year
Arkansas $4,062/Year
California $1,357/Year
Colorado $3,376/Year
Connecticut $2,165/Year
Delaware $1,230/Year
District of Columbia $1,203/Year
Florida $2,260/Year
Georgia $2,375/Year
Hawaii $562/Year
Idaho $1,879/Year
Illinois $2,589/Year
Indiana $2,707/Year
Iowa $2,389/Year
Kansas $4,648/Year
Kentucky $3,153/Year
Louisiana $2,843/Year
Maine $1,420/Year
Maryland $1,685/Year
Massachusetts $1,583/Year
Michigan $2,306/Year
Minnesota $2,307/Year
Mississippi $3,541/Year
Missouri $3,335/Year
Montana $2,857/Year
Nebraska $4,614/Year
Nevada $1,433/Year
New Hampshire $1,190/Year
New Jersey $1,245/Year
New Mexico $2,530/Year
New York $1,727/Year
North Carolina $2,689/Year
North Dakota $2,931/Year
Ohio $2,005/Year
Oklahoma $4,934/Year
Oregon $1,491/Year
Pennsylvania $1,820/Year
Rhode Island $1,534/Year
South Carolina $2,751/Year
South Dakota $3,514/Year
Tennessee $2,857/Year
Texas $3,977/Year
Utah $1,411/Year
Vermont $1,158/Year
Virginia $2,043/Year
Washington $1,643/Year
West Virginia $1,781/Year
Wisconsin $1,495/Year
Wyoming $1,846/Year
author image
Barry Eitel
Contributing Researcher

 
  

Barry Eitel is a content writer and journalist focused on insurance, small business and finance. He has researched and written about personal finance since 2012, with a special focus on entrepreneurship, freelancing and other small business operations. His writing on insurance and small business has been featured in 7x7, Brit + Co, Intuit Quickbooks, Bankrate, Policygenius and Lendio.