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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 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 insurance companies. By comparing rates from multiple insurers, you can make sure you’re getting the best possible coverage at the lowest price. 

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 Rate
1Oklahoma$ 5,317
2Kansas$ 4,939
3Nebraska$ 4,893
4Arkansas$ 4,201
5Texas$ 4,142
6South Dakota$ 3,844
7Mississippi$ 3,841
8Kentucky$ 3,701
9Colorado$ 3,661
10Missouri$ 3,498
11Alabama$ 3,489
12North Dakota$ 3,139
13Tennessee$ 3,107
14Indiana$ 3,097
15South Carolina$ 3,042
16North Carolina$ 3,031
17Georgia$ 3,024
18Iowa$ 3,017
19Minnesota$ 2,930
20New Mexico$ 2,926
21Louisiana$ 2,905
22Illinois$ 2,752
23Montana$ 2,717
24Michigan$ 2,607
25West Virginia$ 2,539
26Idaho$ 2,453
27Wyoming$ 2,436
28Florida$ 2,426
29Connecticut$ 2,378
30Ohio$ 2,267
31Virginia$ 2,249
32Arizona$ 2,224
33Oregon$ 2,198
34Pennsylvania$ 2,198
35Alaska$ 2,131
36New York$ 2,058
37Wisconsin$ 2,027
38Rhode Island$ 1,878
39Nevada$ 1,794
40Maine$ 1,756
41Utah$ 1,755
42Maryland$ 1,694
43Washington$ 1,659
44Massachusetts$ 1,603
45Delaware$ 1,559
46New Jersey$ 1,555
47New Hampshire$ 1,551
48Vermont$ 1,540
49Washington D.C.$ 1,520
50California$ 1,380
51Hawaii$ 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. Whereas 77471 – Rosenberg, Texas – is the most expensive ZIP code for home insurance. Its average annual rate is $6,638 per year, 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 in the nation 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.

The top 10 most expensive locations for home insurance

StateZipcodeCityAvg. Annual Premium
Texas77471Rosenberg$ 6,638
Oklahoma73096Weatherford$ 6,308
North Carolina28539Hubert$ 6,143
Kansas67861Leoti$ 5,848
Nebraska68861Odessa$ 5,733
New Mexico88135Texico$ 5,484
South Carolina29585Pawleys Island$ 5,415
Colorado81041Granada$ 5,057
Florida33018Hialeah$ 4,803
Mississippi39576Waveland$ 4,790
Arkansas71833Dierks$ 4,726
South Dakota57773Pringle$ 4,593
Kentucky42025Benton$ 4,433
Louisiana70377Montegut$ 4,381
Alabama35549Carbon Hill$ 4,144
Missouri64863South West City$ 4,051
Tennessee38103Memphis$ 3,825
Montana59015Broadview$ 3,636
Illinois60624Chicago$ 3,629
New York11976Water Mill$ 3,608
North Dakota58533Elgin$ 3,565
Indiana47611Chrisney$ 3,561
Iowa51501Council Bluffs$ 3,546
Alaska99681Tununak$ 3,543
Georgia31410Savannah$ 3,439
West Virginia25666Breeden$ 3,393
Michigan48242Detroit$ 3,366
Wyoming82061Horse Creek$ 3,280
Minnesota55417Minneapolis$ 3,279
Pennsylvania19142Philadelphia$ 3,251
Massachusetts2554Nantucket$ 3,182
Ohio45684Stout$ 3,021
Connecticut6413Clinton$ 3,002
Arizona85014Phoenix$ 2,990
Oregon97040Mosier$ 2,965
Maryland21824Ewell$ 2,927
Virginia23451Virginia Beach$ 2,903
Idaho83539Kooskia$ 2,695
Wisconsin54020Osceola$ 2,337
Delaware19944Fenwick Island$ 2,301
New Jersey8203Brigantine$ 2,283
Nevada89109Las Vegas$ 2,106
Rhode Island2882Narragansett$ 2,077
California92325Crestline$ 2,042
Maine4955New Sharon$ 1,956
Washington99140Keller$ 1,944
New Hampshire3870Rye$ 1,943
Utah84307Corinne$ 1,919
Vermont5340Bondville$ 1,679
Washington D.C.20500Washington$ 1,520
Hawaii96763Lanai 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

Typically, rural areas and cities with low population density have lower home insurance rates because rebuilding costs tend to be more affordable.

The top 10 least expensive locations for home insurance

StateZipcodeCityAvg. Annual Premium
Hawaii96813Honolulu$ 579
California94086Sunnyvale$ 1,004
Massachusetts1342Deerfield$ 1,178
New Jersey8504Blawenburg$ 1,239
Vermont5439Colchester$ 1,241
Delaware19808Pike Creek$ 1,250
Maryland20852North Bethesda$ 1,322
Alaska99835Sitka$ 1,328
Washington98383Chico$ 1,377
New Hampshire3060Nashua$ 1,439
New York14515North Greece$ 1,470
Maine4775Sheridan$ 1,493
Florida34609Spring Hill$ 1,501
Washington D.C.20001Washington$ 1,520
Utah84045Saratoga Springs$ 1,531
Nevada89138Las Vegas$ 1,583
Rhode Island2833Hopkinton$ 1,723
Virginia24202Bristol$ 1,771
Arizona85349San Luis$ 1,805
Wisconsin53081Sheboygan$ 1,827
Oregon97062Tualatin$ 1,837
Michigan49441Muskegon$ 1,848
Ohio44285Wayland$ 1,871
West Virginia26505Morgantown$ 1,938
Pennsylvania17552Mount Joy$ 1,954
Mississippi39530Biloxi$ 1,988
Montana59820Alberton$ 1,992
Wyoming82901North Rock Springs$ 2,001
North Carolina28658Newton$ 2,059
New Mexico88001Las Cruces$ 2,075
Connecticut6230Abington$ 2,127
Idaho83704Boise City$ 2,174
Texas78521Brownsville$ 2,177
Louisiana71333Evergreen$ 2,240
Colorado81635Battlement Mesa$ 2,282
Illinois60957Paxton$ 2,318
South Carolina29601Greenville$ 2,324
Tennessee37664Kingsport$ 2,444
Iowa52001Dubuque$ 2,579
Indiana46544Mishawaka$ 2,608
Georgia30601Athens$ 2,665
Minnesota56601Bemidji$ 2,693
North Dakota58078West Fargo$ 2,700
Kentucky40517Lexington$ 2,812
Alabama36849Auburn University$ 2,887
Missouri63109St. Louis$ 2,983
South Dakota57441Frederick$ 3,379
Arkansas72310Armorel$ 3,723
Kansas66030Gardner$ 3,880
Nebraska68505Lincoln$ 4,282
Oklahoma73069Norman$ 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 Rate
Alabama$ 3,489
Alaska$ 2,131
Arizona$ 2,224
Arkansas$ 4,201
California$ 1,380
Colorado$ 3,661
Connecticut$ 2,378
Delaware$ 1,559
Florida$ 2,426
Georgia$ 3,024
Hawaii$ 582
Idaho$ 2,453
Illinois$ 2,752
Indiana$ 3,097
Iowa$ 3,017
Kansas$ 4,939
Kentucky$ 3,701
Louisiana$ 2,905
Maine$ 1,756
Maryland$ 1,694
Massachusetts$ 1,603
Michigan$ 2,607
Minnesota$ 2,930
Mississippi$ 3,841
Missouri$ 3,498
Montana$ 2,717
Nebraska$ 4,893
Nevada$ 1,794
New Hampshire$ 1,551
New Jersey$ 1,555
New Mexico$ 2,926
New York$ 2,058
North Carolina$ 3,031
North Dakota$ 3,139
Ohio$ 2,267
Oklahoma$ 5,317
Oregon$ 2,198
Pennsylvania$ 2,198
Rhode Island$ 1,878
South Carolina$ 3,042
South Dakota$ 3,844
Tennessee$ 3,107
Texas$ 4,142
Utah$ 1,755
Vermont$ 1,540
Virginia$ 2,249
Washington$ 1,659
Washington D.C.$ 1,520
West Virginia$ 2,539
Wisconsin$ 2,027
Wyoming$ 2,436

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 GroupAvg. Annual Premium
Acuity A Mutual$ 1,381
Agraria Mutual$ 1,719
Alfa Corporation$ 3,515
Allstate$ 1,864
American Family$ 2,126
AIG$ 1,503
Amica Mutual$ 1,606
Andover Insurance$ 1,597
Arbella Insurance$ 1,439
Auto Club Enterprises (AAA)$ 1,555
Auto-Owners$ 2,025
Automobile Club MI (AAA)$ 2,035
Chubb Ltd$ 1,622
Cincinnati Insurance$ 1,883
Citizens Property Insurance$ 5,295
Country Financial$ 3,241
CSAA Insurance (AAA)$ 1,375
Cumberland Insurance$ 895
Dongbu Insurance$ 438
Erie Insurance$ 2,074
Farm Bureau$ 3,327
Farm Bureau Mutual Ins Co of AR$ 3,066
Farmers$ 2,942
Farmers Mutual Ins Co of NE$ 3,320
FedNat Holding$ 3,258
Frankenmuth Insurance$ 1,459
Franklin Mutual$ 1,373
Georgia Farm Bureau$ 2,273
Grange Mutual$ 2,525
HCI Group Inc$ 2,980
Heritage Insurance Holdings$ 1,606
IMT Insurance$ 1,719
Indiana Farm Bureau Grp$ 3,837
Indiana Farmers Mutual$ 1,339
Iowa Farm Bureau$ 3,580
Island Insurance$ 611
Kentucky Farm Bureau$ 5,271
La Farm Bureau Mutual$ 4,186
Mapfre Insurance$ 1,472
Mercury Insurance$ 1,277
Michigan Farm Bureau$ 5,780
MMG Insurance$ 1,589
National General Insurance$ 1,170
Nationwide$ 2,639
New Jersey Manufacturers$ 836
Nodak Insurance$ 2,066
North Carolina Farm Bureau$ 1,786
North Star Mutual$ 1,847
NYCM Insurance$ 1,055
Ocean Harbor$ 889
Oklahoma Farm Bureau$ 3,795
Palisades$ 1,462
Co-operative Insurance$ 1,397
PEMCO$ 907
Progressive$ 2,310
Pure Companies Grp$ 1,755
Quincy Mutual$ 1,322
RLI Insurance$ 773
Safety Insurance$ 1,819
Secura Insurance$ 1,255
Security First Insurance$ 860
Shelter Insurance$ 3,618
South Carolina Farm Bureau Mutual$ 3,120
Southern Farm Bureau$ 3,274
State Auto$ 3,773
State Farm$ 2,269
Tennessee Farmers$ 2,268
The Hanover$ 3,541
Tokio Marine Holdings$ 572
Travelers$ 3,740
Union Mutual$ 1,002
United Insurance Holdings$ 2,326
USAA$ 2,200
Universal Insurance Co$ 385
Universal Insurance Holding$ 2,354
Vermont Mutual$ 928
Virginia Farm Bureau$ 1,150
West Bend Mutual$ 1,286
Western National Mutual$ 1,575
Westfield 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 LiabilityAvg. Annual Premium
200000100000$ 2,219
200000300000$ 2,233
300000100000$ 2,763
300000300000$ 2,779
400000100000$ 3,215
400000300000$ 3,231
500000100000$ 3,580
500000300000$ 3,595
600000100000$ 3,825
600000300000$ 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 average
Oklahoma 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 average
Arkansas 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 average
Hawaii 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 look at raising 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.

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.

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