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Home insurance costs an average of $1,585 a year, on average, according to NerdWallet’s analysis. However, this is just a benchmark.
The cost of your homeowners insurance will depend on your location and house size, and how much coverage you need. We’ve analyzed pricing data from 141 insurance companies to bring you the average homeowners insurance cost in every state, as well as the largest U.S. cities.
Where you live is a big factor in how much you’ll pay for homeowners insurance. Hover over your state on the map below to see the average home insurance cost.
Average homeowners insurance rates vary widely. Our analysis found that the average home insurance cost falls under $1,000 in some states, including Hawaii, Delaware and Vermont. Meanwhile, other states can see annual rates reach above $3,000, on average, including in Oklahoma, Nebraska and Texas.
Here are annual and monthly average home insurance costs by state.
Here are the cheapest states for homeowners insurance:
These are the most expensive states for homeowners insurance:
We analyzed prices in the 20 largest metropolitan areas in the U.S. to find the average homeowners insurance cost in each city. Dallas-Fort Worth had the most expensive average rate at $3,505 a year. Meanwhile, Philadelphia is the cheapest city on the list, with an average annual rate of $956.
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We looked at average rates at nine of the 10 largest homeowners insurance companies in the U.S. by market share (pricing data wasn't available for Liberty Mutual).
Travelers came in as the cheapest on the list, with an average annual rate of $1,338. Meanwhile, American Family is the most expensive, with an average annual rate of $2,042.
Here are annual average home insurance rates for the large companies. Note that some may not offer homeowners insurance in your state.
Homeowners insurance policies typically include six standard coverage areas:
Insurers use a variety of factors to price homeowners insurance rates. Here are some of the most common:
Your home. Older homes cost more to insure because they typically don’t have the safety features that newer homes do, and repairs can be costly. But even if your home is new, the materials used to build it will have an impact on your homeowners insurance cost. For example, houses made of concrete are usually cheaper to insure than those made of wood because they’re sturdier and less prone to fire damage.
Where you live is one of the biggest factors in the cost of your home insurance. Details such as how close you live to a coast, crime rates in your neighborhood, how far your home is from a fire department and whether you live somewhere with regular storms or earthquakes all affect your insurance rate.
Your roof. The condition and construction of your roof matters to home insurers. For example, a roof made of asphalt may get you a lower rate because it isn't as flammable as other materials.
Renovations. Certain home upgrades could result in lower homeowners insurance costs — such as upgrading your home to be more energy efficient.
Your dog. If you have a dog that is deemed an aggressive breed, this can increase the cost of your home insurance — or even cause you to be denied coverage.
Special features. Swimming pools, trampolines and other "" can increase the cost of your homeowners insurance as they have a high potential to cause injury.
Your coverage limits. The higher your liability and property coverage limits are, the more you may pay for home insurance.
Your deductible. A higher will mean a lower home insurance rate. Just make sure you have enough cash tucked away to pay it if you need to file a claim.
Your claims history. If you have previous , you’ll likely pay a higher rate.
Your credit history. Good credit leads to lower homeowners insurance rates.
Home insurance discounts. Many insurers offer discounts to help customers , such as:
NerdWallet averaged rates for 40-year-old men and women from a variety of insurance companies in every ZIP code across all 50 states and Washington, D.C. Sample homeowners were nonsmokers with good credit living in a single-family, two-story home built in 1983. They had a $1,000 deductible and the following coverage limits:
City-level data was gathered from all counties within each city’s metropolitan statistical area as defined by the U.S. Office of Management and Budget.
These are sample rates generated through Quadrant Information Services. Your own rates will be different.