The Average Homeowners Insurance Cost in the U.S. for 2022

The average cost of homeowners insurance in the U.S. is about $1,784 a year, but rates vary by state.
Apr 19, 2022

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Home insurance costs an average of $1,784 a year, according to NerdWallet’s analysis. However, this is just a benchmark.

Our sample policy is based on $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.

Why you can trust NerdWallet

Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate inaccuracies in pricing data, and may update rates for accuracy as new information becomes available.

We include rates from every locale in the country where coverage is offered and data is available. When comparing rates for different coverage amounts and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing.

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.

State

Average annual rate

Average monthly rate

National average

$1,784

$149

Alabama

$2,381

$198

Alaska

$1,266

$106

Arizona

$1,599

$133

Arkansas

$3,198

$266

California

$1,284

$107

Colorado

$2,340

$195

Connecticut

$1,284

$107

Delaware

$796

$66

Florida

$2,047

$171

Georgia

$1,980

$165

Hawaii

$458

$38

Idaho

$1,043

$87

Illinois

$2,021

$168

Indiana

$1,691

$141

Iowa

$1,642

$137

Kansas

$3,347

$279

Kentucky

$2,306

$192

Louisiana

$2,064

$172

Maine

$1,089

$91

Maryland

$1,454

$121

Massachusetts

$1,261

$105

Michigan

$1,958

$163

Minnesota

$2,505

$209

Mississippi

$2,955

$246

Missouri

$2,603

$217

Montana

$2,086

$174

Nebraska

$4,004

$334

Nevada

$993

$83

New Hampshire

$816

$68

New Jersey

$942

$78

New Mexico

$1,378

$115

New York

$1,205

$100

North Carolina

$1,700

$142

North Dakota

$1,921

$160

Ohio

$1,608

$134

Oklahoma

$3,830

$319

Oregon

$914

$76

Pennsylvania

$930

$78

Rhode Island

$1,156

$96

South Carolina

$1,896

$158

South Dakota

$2,490

$207

Tennessee

$2,816

$235

Texas

$3,341

$278

Utah

$874

$73

Vermont

$854

$71

Virginia

$1,131

$94

Washington

$1,126

$94

Washington, D.C.

$902

$75

West Virginia

$1,298

$108

Wisconsin

$1,087

$91

Wyoming

$1,453

$121

Here are the cheapest states for homeowners insurance:

  1. Hawaii: $458 a year, or about $38 a month, on average.

  2. Delaware: $796 a year, or about $66 a month, on average.

  3. New Hampshire: $816 a year, or about $68 a month, on average.

  4. Vermont: $854 a year, or about $71 a month, on average.

  5. Utah: $874 a year, or about $73 a month, on average.

These are the most expensive states for homeowners insurance:

  1. Nebraska: $4,004 a year, or about $334 a month, on average.

  2. Oklahoma: $3,830 a year, or about $319 a month, on average.

  3. Kansas: $3,347 a year, or about $279 a month, on average.

  4. Texas: $3,341 a year, or about $278 a month, on average.

  5. Arkansas: $3,198 a year, or about $266 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 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.

City

Average annual cost

Average monthly cost

Austin

$2,321

$193

Charlotte

$1,221

$102

Chicago

$2,284

$190

Columbus

$1,628

$136

Dallas

$3,887

$324

Denver

$2,832

$236

El Paso

$1,727

$144

Fort Worth

$3,813

$318

Houston

$3,695

$308

Indianapolis

$1,930

$161

Jacksonville

$1,597

$133

Las Vegas

$1,018

$85

Los Angeles

$1,472

$123

New York City

$1,710

$142

Philadelphia

$1,420

$118

Phoenix

$1,839

$153

San Antonio

$2,443

$204

San Diego

$1,256

$105

San Francisco

$1,276

$106

San Jose

$1,114

$93

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.

Company

Average annual rate

Average monthly rate

$1,632

$136

American Family

$1,748

$146

American Strategic*

$2,172

$181

$1,990

$166

$1,356

$113

$2,066

$172

$2,207

$184

$1,529

$127

$2,872

$239

$1,724

$144

*American Strategic Insurance is a subsidiary of Progressive.

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

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 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

1972

$1,809

1997

$1,784

2021

$1,098

Even if your home is new, the materials used to build it 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.

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.

Renovations. Certain upgrades — such as updating an older electrical or plumbing system — could result in lower homeowners insurance costs.

Your dog. If you have a dog that is deemed an aggressive breed, such as a pit bull, this could 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, the more you may pay for home insurance.

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 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

$1,784

Wind

$1,952

Water

$2,127

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 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.

Frequently asked questions
Why is home insurance so expensive?

Your homeowners insurance might cost more than expected if your home is older, your region is at high risk for natural disasters or you have poor credit, among other factors. But every insurance company prices policies a little differently. So if you’re unhappy with your rate, get quotes from at least three other companies to see if you can find a better deal.

How can I save money on homeowners insurance?

Most carriers offer discounts if you buy more than one policy with them or if you safeguard your home with a burglar alarm or sprinkler system. Opting for a higher deductible can also save you money, as long as it’s an amount you could cover in a disaster.

Is home insurance cheaper if you pay yearly?

Some companies offer discounts if you pay your premium in full upfront, rather than in monthly installments.

Methodology

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.

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