Average Home Insurance Cost

These costs are impacted by the unique home insurance risks for each state the amount of coverage a typical homeowner buys in each state and several other factors.

Average home insurance cost. Your homeowners insurance rate is determined by many things not just by the type of policy you have. Depending on where you live the average cost of home insurance can fall anywhere between 400 and 3 000 per year. Where you live will also impact your cost of homeowners insurance. The average home insurance cost is 1 192 a year according to the national association of insurance commissioners latest home insurance report.

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. Some states pay a lot more while some a lot less. How much is homeowners insurance. Below you will find average home insurance rates by zip code for 10 different coverage levels.

The national average cost of home insurance is 1 211 according to the insurance information institute s latest aggregate data from 2017 but what you pay each year may be a lot different. 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. A new home might need to be insured for more than an older home. The insurance companies will have their own policies regarding the way age and condition affect the cost of the plan but in general you will have to pay more if your house is in disrepair.

Average cost by state 300 000 dwelling with 1 000 deductible and 300 000 liability note that the dollar differences in parenthesis are those that are greater than the national average. Average homeowners insurance cost by state. The average cost of the insurance plan will also be affected by your home s condition. Enter in your zip code then select a dwelling coverage amount deductible and liability amounts and you ll get the average homeowners insurance cost for your neighborhood and desired policy limits.

Texas and florida have the most expensive average cost of homeowners insurance based on the most common policy type called an ho 3 policy. For example if the average cost is 1 918 but this is for a 200 000 home then you can not reasonably expect to be paying close to an average price on home insurance if your home reconstruction value is 500 000 or over 1 000 000.