Home Home insurance Average home insurance cost in 2023 Average home insurance cost in 2023 The average cost of homeowners insurance in 2023 is $2,779. Our guide tells you how much home insurance costs on average in every state. Written by: Barry Eitel Barry Eitel 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. | Reviewed by: Nupur Gambhir Nupur Gambhir Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service. | Updated on July 5, 2023 Why you should trust Insure.com Quality Verified At Insure.com, we are committed to providing honest and reliable information so that you can make the best financial decisions for you and your family. All of our content is written and reviewed by industry professionals and insurance experts. We maintain strict editorial independence from insurance companies to maintain editorial integrity, so our recommendations are unbiased and are based on a comprehensive list of criteria. Insure.com’s analysis of rates from top insurers for every state and nearly every city — down to the ZIP code — found the average cost of homeowners insurance to be $2,779. That’s the average for a home insurance policy with $300,000 in dwelling coverage, $300,000 in liability insurance and a $1,000 deductible. States with frequent hurricanes, hailstorms, tornadoes and earthquakes tend to have higher home insurance rates. 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 ensure you’re getting the best possible coverage at the lowest price. Summary of average homeowners insurance cost Average home insurance cost$2,779/Year Average home insurance cost per month$232/Month Least expensive ZIP96813 – $579/Year Most expensive ZIP 73069 – $4,531/Year Cheap home insurance providerAcuity A Mutual$1,381/Year Average home insurance cost for $400K home$3,231/Year Key Takeaways Most people pay around $232 per month for homeowners insurance. Oklahoma remains the most expensive state for homeowners insurance in the United States for another year. Its average annual rate is 61% higher than the national average home insurance cost. Hawaii also holds on as the least expensive state for homeowners insurance in the country. Its average rates are an astounding 203% lower than the national average. A higher deductible can reduce your insurance premium by 20% – 40% on average, depending on your insurer and coverage level. How much is home insurance? The average cost of homeowners insurance is $232 per month. But rates vary significantly from state to state and from city to city. Home insurance costs per month range from the highest in Oklahoma at $443 to the lowest in Hawaii at $49. RankStateAverage annual premium1Oklahoma$ 5,3172Kansas$ 4,9393Nebraska$ 4,8934Arkansas$ 4,2015Texas$ 4,1426South Dakota$ 3,8447Mississippi$ 3,8418Kentucky$ 3,7019Colorado$ 3,66110Missouri$ 3,49811Alabama$ 3,48912North Dakota$ 3,13913Tennessee$ 3,10714Indiana$ 3,09715South Carolina$ 3,04216North Carolina$ 3,03117Georgia$ 3,02418Iowa$ 3,01719Minnesota$ 2,93020New Mexico$ 2,92621Louisiana$ 2,90522Illinois$ 2,75223Montana$ 2,71724Michigan$ 2,60725West Virginia$ 2,53926Idaho$ 2,45327Wyoming$ 2,43628Florida$ 2,42629Connecticut$ 2,37830Ohio$ 2,26731Virginia$ 2,24932Arizona$ 2,22433Oregon$ 2,19834Pennsylvania$ 2,19835Alaska$ 2,13136New York$ 2,05837Wisconsin$ 2,02738Rhode Island$ 1,87839Nevada$ 1,79440Maine$ 1,75641Utah$ 1,75542Maryland$ 1,69443Washington$ 1,65944Massachusetts$ 1,60345Delaware$ 1,55946New Jersey$ 1,55547New Hampshire$ 1,55148Vermont$ 1,54049Washington D.C.$ 1,52050California$ 1,38051Hawaii$ 582 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, especially if you live in a coastal region, says 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 and $2,500 deductible option. Compare these quotes against each other — and remember to ask about any available discounts. Average homeowners insurance premiums by ZIP code and city It’s no secret that homeowners insurance premiums vary greatly depending on your ZIP code. Real estate, famously, is all about location, location, location. But how much can home insurance premiums differ by ZIP code? The least expensive ZIP code for homeowners insurance is 96813 in Honolulu, Hawaii, at $579 a year on average. 77471 – Rosenberg, Texas – is the most expensive ZIP code for home insurance. Its average annual rate is $6,638, over $6,000 more expensive than the least expensive ZIP code. 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 $300,000 liability coverage Highest homeowners insurance rates by ZIP code An Insure.com analysis of the average cost of home insurance for nearly every ZIP code in the country found that the highest homeowners insurance rates belong to ZIP code 77471 in Rosenberg, Texas — about 30 miles outside Houston. ZIP codes in Weatherford, Oklahoma and Hubert, North Carolina rank second and third, respectively. It’s no surprise that many of the most expensive ZIP codes for homeowners insurance are in states that experience lots of severe weather. The most expensive ZIPs in Texas, Louisiana, Mississippi, Alabama, the Carolinas and Massachusetts all have coastal areas prone to catastrophic storms that are costly to insurers, who then pass that cost to homeowners. Texas, Kansas, Oklahoma, Florida, Alabama and Mississippi have a lot of tornadoes as well. The more claims paid out by insurers for damage due to wind, hail and flooding, the higher homeowners insurance costs will be for everyone. Most expensive locations for home insurance StateZIP codeCityAverage annual premiumTexas77471Rosenberg$ 6,638Oklahoma73096Weatherford$ 6,308North Carolina28539Hubert$ 6,143Kansas67861Leoti$ 5,848Nebraska68861Odessa$ 5,733New Mexico88135Texico$ 5,484South Carolina29585Pawleys Island$ 5,415Colorado81041Granada$ 5,057Florida33018Hialeah$ 4,803Mississippi39576Waveland$ 4,790Arkansas71833Dierks$ 4,726South Dakota57773Pringle$ 4,593Kentucky42025Benton$ 4,433Louisiana70377Montegut$ 4,381Alabama35549Carbon Hill$ 4,144Missouri64863South West City$ 4,051Tennessee38103Memphis$ 3,825Montana59015Broadview$ 3,636Illinois60624Chicago$ 3,629New York11976Water Mill$ 3,608North Dakota58533Elgin$ 3,565Indiana47611Chrisney$ 3,561Iowa51501Council Bluffs$ 3,546Alaska99681Tununak$ 3,543Georgia31410Savannah$ 3,439West Virginia25666Breeden$ 3,393Michigan48242Detroit$ 3,366Wyoming82061Horse Creek$ 3,280Minnesota55417Minneapolis$ 3,279Pennsylvania19142Philadelphia$ 3,251Massachusetts2554Nantucket$ 3,182Ohio45684Stout$ 3,021Connecticut6413Clinton$ 3,002Arizona85014Phoenix$ 2,990Oregon97040Mosier$ 2,965Maryland21824Ewell$ 2,927Virginia23451Virginia Beach$ 2,903Idaho83539Kooskia$ 2,695Wisconsin54020Osceola$ 2,337Delaware19944Fenwick Island$ 2,301New Jersey8203Brigantine$ 2,283Nevada89109Las Vegas$ 2,106Rhode Island2882Narragansett$ 2,077California92325Crestline$ 2,042Maine4955New Sharon$ 1,956Washington99140Keller$ 1,944New Hampshire3870Rye$ 1,943Utah84307Corinne$ 1,919Vermont5340Bondville$ 1,679Washington D.C.20500Washington$ 1,520Hawaii96763Lanai City$ 585 Lowest homeowners insurance rates by ZIP code ZIP Code 96813, one of several Honolulu, Hawaii ZIP codes, 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 absorb high claims costs for hurricane damage. Ever since Hurricane Iniki in 1992, homeowners in Hawaii must buy separate hurricane damage policies, says Michael Barry, chief communications officer of the Insurance Information Institute (III). Hawaii is also one of the few states that doesn’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 tend to be more affordable. Least expensive locations for home insurance StateZIP codeCityAverage annual premiumHawaii96813Honolulu$ 579California94086Sunnyvale$ 1,004Massachusetts1342Deerfield$ 1,178New Jersey8504Blawenburg$ 1,239Vermont5439Colchester$ 1,241Delaware19808Pike Creek$ 1,250Maryland20852North Bethesda$ 1,322Alaska99835Sitka$ 1,328Washington98383Chico$ 1,377New Hampshire3060Nashua$ 1,439New York14515North Greece$ 1,470Maine4775Sheridan$ 1,493Florida34609Spring Hill$ 1,501Washington D.C.20001Washington$ 1,520Utah84045Saratoga Springs$ 1,531Nevada89138Las Vegas$ 1,583Rhode Island2833Hopkinton$ 1,723Virginia24202Bristol$ 1,771Arizona85349San Luis$ 1,805Wisconsin53081Sheboygan$ 1,827Oregon97062Tualatin$ 1,837Michigan49441Muskegon$ 1,848Ohio44285Wayland$ 1,871West Virginia26505Morgantown$ 1,938Pennsylvania17552Mount Joy$ 1,954Mississippi39530Biloxi$ 1,988Montana59820Alberton$ 1,992Wyoming82901North Rock Springs$ 2,001North Carolina28658Newton$ 2,059New Mexico88001Las Cruces$ 2,075Connecticut6230Abington$ 2,127Idaho83704Boise City$ 2,174Texas78521Brownsville$ 2,177Louisiana71333Evergreen$ 2,240Colorado81635Battlement Mesa$ 2,282Illinois60957Paxton$ 2,318South Carolina29601Greenville$ 2,324Tennessee37664Kingsport$ 2,444Iowa52001Dubuque$ 2,579Indiana46544Mishawaka$ 2,608Georgia30601Athens$ 2,665Minnesota56601Bemidji$ 2,693North Dakota58078West Fargo$ 2,700Kentucky40517Lexington$ 2,812Alabama36849Auburn University$ 2,887Missouri63109St. Louis$ 2,983South Dakota57441Frederick$ 3,379Arkansas72310Armorel$ 3,723Kansas66030Gardner$ 3,880Nebraska68505Lincoln$ 4,282Oklahoma73069Norman$ 4,531 Average home insurance cost by state Below, you can compare your state’s average home insurance costs to others across the nation. This homeowners insurance comparison by state shows average homeowners insurance for a $300,000 house, or that amount in dwelling coverage, and a $1,000 deductible. StateAverage annual premiumAlabama$ 3,489Alaska$ 2,131Arizona$ 2,224Arkansas$ 4,201California$ 1,380Colorado$ 3,661Connecticut$ 2,378Delaware$ 1,559Florida$ 2,426Georgia$ 3,024Hawaii$ 582Idaho$ 2,453Illinois$ 2,752Indiana$ 3,097Iowa$ 3,017Kansas$ 4,939Kentucky$ 3,701Louisiana$ 2,905Maine$ 1,756Maryland$ 1,694Massachusetts$ 1,603Michigan$ 2,607Minnesota$ 2,930Mississippi$ 3,841Missouri$ 3,498Montana$ 2,717Nebraska$ 4,893Nevada$ 1,794New Hampshire$ 1,551New Jersey$ 1,555New Mexico$ 2,926New York$ 2,058North Carolina$ 3,031North Dakota$ 3,139Ohio$ 2,267Oklahoma$ 5,317Oregon$ 2,198Pennsylvania$ 2,198Rhode Island$ 1,878South Carolina$ 3,042South Dakota$ 3,844Tennessee$ 3,107Texas$ 4,142Utah$ 1,755Vermont$ 1,540Virginia$ 2,249Washington$ 1,659Washington D.C.$ 1,520West Virginia$ 2,539Wisconsin$ 2,027Wyoming$ 2,436 QuickTake Home insurance estimate by state Average home insurance rates for recommended coverage When your home's market value is less than its insurance value See more > Average home insurance costs by company To give you an idea of which insurance companies in your area offers the lowest rate, below are average annual premium by company for an insurance policy with homeowners coverage limits of: Dwelling coverage of $300,000 Deductible of $1,000 Liability of $300,000 Company groupAverage annual premiumAcuity A Mutual$ 1,381Agraria Mutual$ 1,719Alfa Corporation$ 3,515Allstate$ 1,864American Family$ 2,126AIG$ 1,503Amica Mutual$ 1,606Andover Insurance$ 1,597Arbella Insurance$ 1,439Auto Club Enterprises (AAA)$ 1,555Auto-Owners$ 2,025Automobile Club MI (AAA)$ 2,035Chubb Ltd$ 1,622Cincinnati Insurance$ 1,883Citizens Property Insurance$ 5,295Country Financial$ 3,241CSAA Insurance (AAA)$ 1,375Cumberland Insurance$ 895Dongbu Insurance$ 438Erie Insurance$ 2,074Farm Bureau$ 3,327Farm Bureau Mutual Ins Co of AR$ 3,066Farmers$ 2,942Farmers Mutual Ins Co of NE$ 3,320FedNat Holding$ 3,258Frankenmuth Insurance$ 1,459Franklin Mutual$ 1,373Georgia Farm Bureau$ 2,273Grange Mutual$ 2,525HCI Group Inc$ 2,980Heritage Insurance Holdings$ 1,606IMT Insurance$ 1,719Indiana Farm Bureau Grp$ 3,837Indiana Farmers Mutual$ 1,339Iowa Farm Bureau$ 3,580Island Insurance$ 611Kentucky Farm Bureau$ 5,271La Farm Bureau Mutual$ 4,186Mapfre Insurance$ 1,472Mercury Insurance$ 1,277Michigan Farm Bureau$ 5,780MMG Insurance$ 1,589National General Insurance$ 1,170Nationwide$ 2,639New Jersey Manufacturers$ 836Nodak Insurance$ 2,066North Carolina Farm Bureau$ 1,786North Star Mutual$ 1,847NYCM Insurance$ 1,055Ocean Harbor$ 889Oklahoma Farm Bureau$ 3,795Palisades$ 1,462Co-operative Insurance$ 1,397PEMCO$ 907Progressive$ 2,310Pure Companies Grp$ 1,755Quincy Mutual$ 1,322RLI Insurance$ 773Safety Insurance$ 1,819Secura Insurance$ 1,255Security First Insurance$ 860Shelter Insurance$ 3,618South Carolina Farm Bureau Mutual$ 3,120Southern Farm Bureau$ 3,274State Auto$ 3,773State Farm$ 2,269Tennessee Farmers$ 2,268The Hanover$ 3,541Tokio Marine Holdings$ 572Travelers$ 3,740Union Mutual$ 1,002United Insurance Holdings$ 2,326USAA$ 2,200Universal Insurance Co$ 385Universal Insurance Holding$ 2,354Vermont Mutual$ 928Virginia Farm Bureau$ 1,150West Bend Mutual$ 1,286Western National Mutual$ 1,575Westfield Insurance$ 2,304 Average home insurance costs by coverage level We compiled the nationwide average costs of home insurance based on different amounts of coverage, based on an analysis by Insure.com. All come with a $1,000 deductible.You can compare average rates for 10 different coverage levels in the table listed below. Get even more information by reading our recommended coverage level guide. Requested dwellingRequested liabilityAverage annual premium200000100000$ 2,219200000300000$ 2,233300000100000$ 2,763300000300000$ 2,779400000100000$ 3,215400000300000$ 3,231500000100000$ 3,580500000300000$ 3,595600000100000$ 3,825600000300000$ 3,841 Once you have the amount of coverage you need to buy, you can see how average rates compare for eight different coverage levels in your state in the table listed below. or get more information by reading our average rates for recommended coverage levels guide. 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 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 More specifically, each state has its own unique situation that may cause insurance rates to increase or drop. Look at how recent events have affected the states with the largest increase and decrease in homeowners insurance premiums: Oklahoma home insurance rates: 91% higher than averageOklahoma is the most expensive state for homeowners insurance in the country. It ranked sixth in the country for major hail events, with 208 occurring in 2022, 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: 78% higher than average Kansas is part of the “Tornado Alley” — an area where destructive tornados are more likely to occur. Kansas had 68 tornados in 2022 and was ranked fifth in the country for such windstorms by The National Oceanic and Atmospheric Administration’s Storm Prediction Center. Besides tornados, hail damage is another reason home insurance rates are much more expensive in Kansas than in most other states.The NOAA ranks Kansas fourth in the U.S. for major hail events. The Kansas Insurance Department estimated losses of $220,840,165 in 2022 from windstorms, tornados and hail, which contributes to Kansas’ high homeowners insurance rates. Arkansas home insurance rates: 51% higher than averageArkansas sits at a vulnerable location for many natural disasters. The state of Arkansas is affected by tornados, flooding, wildfires, earthquakes, droughts, snow and hurricanes. According to The National Oceanic and Atmospheric Administration, Arkansas had 39 tornados in 2022. California home insurance rates: 50% lower than average California is one of the least expensive states for home insurance. The annual home insurance cost of $1,380 is a statewide average and doesn’t include coverage for flooding and earthquakes. Both plans are optional for homeowners and must be purchased separately. Hawaii home insurance rates: 79% lower than averageHawaii enjoys the country’s lowest homeowners insurance rates thanks to its location. Mild weather and a low incidence of natural disasters make it the most affordable place to be a homeowner. However, banks require a supplemental hurricane insurance policy to approve a mortgage in Hawaii. 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, it always worth it to compare competitors regularly. Get all the discounts that match your homeowner profile: Insurance companies offer discounts for people in different situations, like if you are a first-time homeowner or upgrading your security system. Look into bundling your home and auto insurance, too. Raise your deductible: If you’d rather pay more out-of-pocket if something happens than pay higher insurance premiums, you could raise your deductible. High deductible insurance can reduce your payments by between 20% and 40% depending on your insurance company and coverage. Frequently asked questions How much did homeowners insurance increase in 2022? Insure.com found that the national average cost of home insurance increased about 21% from 2021 to 2022 for dwelling coverage of $300,000 and liability of $300,000 with a $1,000 deductible. The annual average rate was $2,305 in 2021 compared to $2,779 now. How much is homeowners insurance on a $200,000 house? The average rate for a house with $200,000 in dwelling coverage is about $2,233 for $300,000 in liability. This number does not take any discounts into account. How much does homeowners insurance cost for a $300,000 house with $100,000 liability? The average homeowners insurance cost for $300,000 in dwelling coverage with $100,000 liability is $2,763. If you bump liability to the recommended amount of $300,000, homeowners insurance with dwelling coverage for a $300,000 house has a national average of $2,779. How much is homeowners insurance on a $400,000 house? The average annual rate for a home with $400,000 in dwelling coverage and $300,000 in liability and $1,000 deductible is about $3,231, according to a rate analysis by Insure.com. Methodology Insure.com compared homeowners insurance rates in 2022 provided by Quadrant Data Solutions for dwelling coverage ranging from $200,000 to $600,000 with liability limits of $100,000 and $300,000 and a deductible of $1,000 for all available ZIP codes. 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. Rates do not include hurricane coverage. Barry EitelContributing 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. In case you missed it What is HO-6 insurance? What is dwelling coverage and how much do you need? Personal liability insurance: What it is and why you need it Renters insurance quotes: Compare rates Hurricanes and home insurance: 14 key questions answered Replacement cost policies for your home: Getting what you pay for How much do claims increase home insurance rates? Mobile home insurance: What does it cover and how much does it cost? 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