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Table of Contents
- How much is homeowners insurance in your state?
- How much is homeowners insurance in your city?
- Average homeowners insurance cost by company
- Average homeowners insurance cost by claims history
- Average homeowners insurance cost by home age
- What is included in a home insurance rate?
- What factors affect the cost of homeowners insurance?
- How to reduce your home insurance cost
- Find the best homeowners insurance in your state
Homeowners insurance costs an average of $1,784 a year, or about $149 a month, according to NerdWallet’s analysis. However, this is just a benchmark.
Our sample policy includes $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible. The cost of your own homeowners insurance will depend on your location and house size, and how much coverage you need.
We’ve analyzed pricing data from 150 insurance companies to bring you the average homeowners insurance cost in every state, plus in 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 is less than $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.
Average annual cost
Average monthly cost
Here are the cheapest states for homeowners insurance:
Hawaii: $458 a year, or about $38 a month, on average.
Delaware: $796 a year, or about $66 a month, on average.
New Hampshire: $816 a year, or about $68 a month, on average.
Vermont: $854 a year, or about $71 a month, on average.
Utah: $874 a year, or about $73 a month, on average.
These are the most expensive states for homeowners insurance:
Nebraska: $4,004 a year, or about $334 a month, on average.
Oklahoma: $3,830 a year, or about $319 a month, on average.
Kansas: $3,347 a year, or about $279 a month, on average.
Texas: $3,341 a year, or about $278 a month, on average.
Arkansas: $3,198 a year, or about $266 a month, on average.
How much is homeowners 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 had the most expensive average rate at $3,887 a year. Meanwhile, Las Vegas was the cheapest city on the list, with an average annual rate of $1,018.
Average annual cost
Average monthly cost
New York City
Average homeowners insurance cost by company
We looked at average rates from 10 of the largest homeowners insurance companies in the U.S. by market share.
Erie came in as the cheapest on the list, with an average annual rate of $1,356. Meanwhile, Travelers was the most expensive, with an average annual rate of $2,872.
Here are average annual home insurance rates for 10 of the largest companies. Note that some may not offer homeowners insurance in your state.
Average annual cost
Average monthly cost
*American Strategic Insurance is a subsidiary of Progressive.
**USAA homeowners insurance is available only to active military, veterans and their families.
» MORE: The best homeowners insurance
Average homeowners insurance cost by claims history
If you have previous homeowners insurance claims, you’ll likely pay a higher rate. Here’s how filing a claim could affect your future homeowners insurance costs.
Type of claim
Average annual insurance cost
No previous claims
Average homeowners insurance cost by home age
Older homes often cost more to insure because they typically don’t have the safety features that newer homes do, and repairs can be costly. See below to compare the average annual cost of insuring a new home vs. an older home. (Coverage limits were the same for all three houses.)
Date home was built
Average annual cost
What is included in a home insurance rate?
Homeowners insurance policies typically include six standard coverage areas:
Dwelling. This pays for damage to your home from a covered event, such as a fire or windstorm.
Personal property. This pays for stolen or damaged belongings.
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. Other than the age of your home, the materials used to build it are another factor that will affect 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.
Renovations. Certain upgrades — such as updating an older electrical or plumbing system — could result in lower homeowners insurance costs.
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 roof. The condition and construction of your roof matters to home insurers. For example, a roof made of metal or slate may get you a lower rate because it isn't as flammable as other materials.
Your dog. If your dog is a breed your insurer considers aggressive, such as a pit bull, it could raise the cost of your home insurance. The company might not even be willing to insure you.
Your deductible. A higher deductible will mean a lower home insurance rate. Raising your deductible from $1,000 to $2,500 can save you 12% a year on average, according to NerdWallet’s rate analysis. Just make sure you have enough cash tucked away to pay it if you need to file a claim.
Your coverage limits. The higher your liability and property coverage limits, the more you may pay for home insurance.
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.
For example, the sample homeowner in our rate analysis has good credit and would pay $1,784 a year for insurance, on average. For the same house and coverage limits, a homeowner with poor credit would pay $3,142, on average — a 76% increase.
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 get lower homeowners insurance rates, such as:
Multiple policies. If you bundle your homeowners insurance with another policy, 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.
How to reduce your home insurance cost
Shopping around once a year is the best way to get the best price for your coverage. We recommend getting home insurance quotes from at least three companies. Make sure the coverage limits and deductibles are similar on all three policies to get a fair comparison.
If you're not up for shopping around yourself, contact an independent agent or broker to get quotes on your behalf.
Raising your deductible and asking about discounts are two other good ways to lower your home insurance premium.
Find the best homeowners insurance in your state
Don't see your state below? Check back soon — we’re adding more home insurance stories all the time.
NerdWallet averaged rates for 40-year-old homeowners 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 1997. 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.
$1,000 in medical payments coverage.
We used the same assumptions for all other homeowner profiles, with the following exceptions:
For homeowners with a claims history, we added a single wind or water damage claim.
To see the effect of changing your deductible, we raised the deductible from $1,000 to $2,500.
For homeowners with older homes, we changed the year the house was built to 1972.
For homeowners with newer homes, we changed the year the house was built to 2021.
We changed the credit tier from “good” to “poor” as reported to the insurer to see rates for homeowners with poor credit. In states where credit isn’t taken into account, we only used rates for “good” credit.
These are sample rates generated through Quadrant Information Services. Your own rates will be different.