The Average Homeowners Insurance Cost in the U.S.

The average cost of homeowners insurance in the U.S. is about $1,585 a year, but rates vary by state.
Dec 20, 2021

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Home insurance costs an average of $1,585 a year, 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, plus the largest U.S. cities.

How much is homeowners insurance in your state?

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, states such as Oklahoma, Nebraska and Texas have average annual rates above $3,000.

Here are annual and monthly average home insurance costs by state.

State

Average annual rate

Average monthly rate

National average

$1,585

$132

Alabama

$2,209

$184

Alaska

$1,222

$102

Arizona

$1,600

$133

Arkansas

$2,478

$207

California

$1,224

$102

Colorado

$1,853

$154

Connecticut

$1,094

$91

Delaware

$686

$57

Florida

$2,155

$180

Georgia

$1,599

$133

Hawaii

$468

$39

Idaho

$1,023

$85

Illinois

$1,481

$123

Indiana

$1,296

$108

Iowa

$1,672

$139

Kansas

$2,674

$223

Kentucky

$2,361

$197

Louisiana

$2,527

$211

Maine

$993

$83

Maryland

$1,201

$100

Massachusetts

$1,233

$103

Michigan

$1,315

$110

Minnesota

$1,570

$131

Mississippi

$1,774

$148

Missouri

$2,273

$189

Montana

$1,968

$164

Nebraska

$3,118

$260

Nevada

$818

$68

New Hampshire

$744

$62

New Jersey

$908

$76

New Mexico

$1,237

$103

New York

$983

$82

North Carolina

$1,872

$156

North Dakota

$1,679

$140

Ohio

$1,055

$88

Oklahoma

$3,426

$285

Oregon

$867

$72

Pennsylvania

$801

$67

Rhode Island

$1,035

$86

South Carolina

$1,596

$133

South Dakota

$2,124

$177

Tennessee

$1,856

$155

Texas

$3,007

$251

Utah

$780

$65

Vermont

$716

$60

Virginia

$1,036

$86

Washington

$1,106

$92

Washington, D.C.

$1,123

$94

West Virginia

$1,061

$88

Wisconsin

$1,067

$89

Wyoming

$1,326

$111

Here are the cheapest states for homeowners insurance:

  1. Hawaii: $468 a year, or about $39 a month, on average.

  2. Delaware: $686 a year, or about $57 a month, on average.

  3. Vermont: $716 a year, or about $60 a month, on average.

  4. New Hampshire: $744 a year, or about $62 a month, on average.

  5. Utah: $780 a year, or about $65 a month, on average.

These are the most expensive states for homeowners insurance:

  1. Oklahoma: $3,426 a year, or about $285 a month, on average.

  2. Nebraska: $3,118 a year, or about $260 a month, on average.

  3. Texas: $3,007 a year, or about $251 a month, on average.

  4. Kansas: $2,674 a year, or about $223 a month, on average.

  5. Louisiana: $2,527 a year, or about $211 a month, on average.

How much is home insurance in your city?

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 was the cheapest city on the list, with an average annual rate of $956.

Metro area

Average annual rate

Average monthly rate

Atlanta

$1,546

$129

Boston

$1,122

$93

Chicago

$1,361

$113

Dallas-Fort Worth

$3,505

$292

Denver

$2,061

$172

Detroit

$1,510

$126

Houston

$3,416

$285

Los Angeles

$1,335

$111

Miami-Fort Lauderdale

$3,471

$289

Minneapolis-St. Paul

$1,499

$125

New York

$1,110

$93

Philadelphia

$956

$80

Phoenix

$1,648

$137

Riverside-San Bernardino

$1,344

$112

San Diego

$1,169

$97

San Francisco

$1,149

$96

Seattle

$1,089

$91

St. Louis

$1,799

$150

Tampa-St. Petersburg

$1,869

$156

Washington, D.C.

$966

$80

Average homeowners insurance cost by company

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 was 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.

Company

Average annual rate

Average monthly rate

Allstate

$1,623

$135

American Family

$2,042

$170

Chubb

$1,846

$154

Farmers

$1,811

$151

Nationwide

$1,731

$144

Progressive**

$1,722

$143

State Farm

$1,348

$112

Travelers

$1,338

$112

USAA*

$1,528

$127

*USAA is available only to military, veterans and their families.

**Progressive offers homeowners insurance under the name American Strategic Insurance.

What is included in a home insurance rate?

Homeowners insurance policies typically include six standard coverage areas:

  • Dwelling. This will pay for damage to your home from a covered incident, such as a fire or windstorm.

  • Personal property. This pays for your personal belongings if they are stolen or damaged.

  • Other structures. This covers structures on your property that aren't attached to your house, such as a fence or shed.

  • Loss of use, or additional living expenses coverage, will pay for you to stay elsewhere when your home is uninhabitable due to covered damage.

  • Personal liability pays if you injure someone through negligence or cause accidental property damage.

  • Medical payments will cover medical bills for anyone injured on your property, no matter who's at fault.

What factors affect the cost of homeowners insurance?

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. If your home is far from a fire department or in a neighborhood with a high crime rate, you may pay more. Living near the coast or in an area with regular storms or earthquakes could also raise your 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 upgrades could result in lower homeowners insurance costs — such as making your home 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. You may even be denied coverage.

Special features. Swimming pools, trampolines and other "attractive nuisances" 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 deductible 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 homeowners insurance claims, you’ll likely pay a higher rate.

Your credit history. In most states, insurers can use your credit-based insurance score (similar but not identical to your FICO score) to set rates. Because some studies have shown a correlation between poor credit and filing claims, those with a checkered credit history may pay more for homeowners insurance.

Using credit to set homeowners, renters, condo and mobile home insurance prices is not allowed in California, Maryland  and Massachusetts.

Home insurance discounts. Many insurers offer discounts to help customers save on homeowners insurance, such as:

  • Multiple policies. If you bundle your homeowners insurance with another product, such as car insurance, you could get a discount.

  • Safety and security devices. You could save money by equipping your home with fire alarms, deadbolts, security cameras and other security devices.

  • Claims-free. Many insurers offer a discount to homeowners who haven’t filed a claim recently, typically in the past three to five years.

Methodology

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 1971. They had a $1,000 deductible and the following coverage limits:

  • $300,000 in dwelling coverage.

  • $30,000 in other structures coverage.

  • $150,000 in personal property coverage.

  • $60,000 in loss of use coverage.

  • $300,000 in liability coverage.

These are sample rates generated through Quadrant Information Services. Your own rates will be different.

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