Get the Best Cheap Homeowners Insurance

We compared rates from companies across the country to find low cost home insurance in your state.

Ben MooreApr 20, 2021
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Homeownership is already expensive, so why pay more than you need to for your homeowners insurance? Don’t settle for an expensive rate; cheap homeowners insurance can include great coverage too.

NerdWallet analyzed pricing data from 145 insurance companies to find relatively cheap home insurance in every state, as well as the country’s largest cities. The rates below are based on a homeowners insurance policy for a 40-year-old homeowner with a $1,000 deductible, $300,000 in dwelling coverage and $300,000 in liability coverage, but your rates will differ.

Cheap homeowners insurance from top-rated companies

NerdWallet looked at average rates from some of our top-rated insurance companies to find out which ones have the most affordable homeowners insurance premiums.

Use the table below to see average annual and monthly rates, along with our star rating.

Company

NerdWallet rating for homeowners insurance

Average annual rate

Average monthly rate

5.0

NerdWallet rating 

$1,596

$133

4.5

NerdWallet rating 

$1,606

$134

5.0

NerdWallet rating 

$1,622

$135

5.0

NerdWallet rating 

$1,826

$152

4.5

NerdWallet rating 

$2,102

$175

5.0

NerdWallet rating 

$1,643

$137

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

Cheap home insurance in each state

Where you live typically has a big impact on the cost of insurance for your house and possessions. How close you live to the coast, crime rates in your area, population density and more can all influence your rate. Use the map below to see the lowest cost home insurance in each state and its average annual rate.

Below are the most affordable homeowners insurance companies for each state, along with average annual and monthly rates. USAA was the cheapest home insurance provider in some states but was excluded from the list since its products and services are available only to those in the military, veterans and their families.

State

Cheapest company on average

Average annual rate 

Average monthly rate

Alabama

Allstate

$1,229

$102

Alaska

State Farm

$1,088

$91

Arizona

State Farm

$934

$78

Arkansas

Arkansas Farm Bureau

$2,036

$170

California

Travelers

$726

$61

Colorado

State Auto

$919

$77

Connecticut

Vermont Mutual

$673

$56

Delaware

Nationwide

$494

$41

Florida

Security First

$747

$62

Georgia

Auto-Owners

$1,078

$90

Hawaii

Allstate

$306

$26

Idaho

Grange Insurance Association

$721

$60

Illinois

MetLife

$931

$78

Indiana

Buckeye

$577

$48

Iowa

West Bend

$1,070

$89

Kansas

Auto-Owners

$2,101

$175

Kentucky

State Farm

$1,863

$155

Louisiana

UPC Insurance

$922

$77

Maine

MetLife

$533

$44

Maryland

Brethren Mutual

$683

$57

Massachusetts

Quincy Mutual

$746

$62

Michigan

Meemic

$703

$59

Minnesota

Auto-Owners

$1,207

$101

Mississippi

Allstate

$1,125

$94

Missouri

Auto Club of SoCal

$1,417

$118

Montana

Chubb

$1,192

$99

Nebraska

Farmers Mutual of Nebraska

$2,281

$190

Nevada

Farmers

$713

$59

New Hampshire

Mapfre

$558

$47

New Jersey

Selective

$522

$44

New Mexico

State Farm

$1,343

$112

New York

New York Central Mutual

$638

$53

North Carolina

Travelers

$1,382

$115

North Dakota

Farmers Union

$1,317

$110

Ohio

Buckeye

$446

$37

Oklahoma

Farmers

$2,688

$224

Oregon

Mutual of Enumclaw

$545

$45

Pennsylvania

Westfield

$412

$34

Rhode Island

State Farm

$557

$46

South Carolina

Bankers Insurance

$1,017

$85

South Dakota

Farmers Mutual of Nebraska

$1,672

$139

Tennessee

Shelter

$1,415

$118

Texas

Houston General

$1,850

$154

Utah

American Family

$636

$53

Vermont

Vermont Mutual

$455

$38

Virginia

Cincinnati Insurance

$557

$46

Washington

Nationwide

$595

$50

Washington, D.C.

Chubb

$900

$75

West Virginia

Westfield

$1,008

$84

Wisconsin

Rockford Mutual

$685

$57

Wyoming

Nationwide

$1,085

$90

Cheap homeowners insurance in the largest U.S. cities

Cheap homeowners insurance isn’t necessarily going to come from the same company in Boston as it will in Chicago, so we looked at the top 20 metropolitan areas in the country to find the lowest homeowners insurance premium in each city, on average.

Use the table below to find the cheapest home insurance in your city, along with average annual and monthly rates.

City

Company

Average annual rate

Average monthly rate

Atlanta

Farmers

$1,039

$87

Boston

Quincy Mutual

$733

$61

Chicago

MetLife

$776

$65

Dallas-Plano

Houston General

$1,893

$158

Denver

State Auto

$935

$78

Detroit

Meemic

$861

$72

Houston

Houston General

$1,744

$145

Los Angeles

Allstate

$760

$63

Miami-Ft. Lauderdale

Security First

$804

$67

Minneapolis-St. Paul

Auto-Owners

$1,299

$108

New York City

New York Central Mutual

$844

$70

Philadelphia

Westfield

$405

$34

Phoenix

State Farm

$918

$77

Riverside-San Bernardino

Mercury

$842

$70

San Diego

Travelers

$652

$54

San Francisco

Travelers

$580

$48

Seattle

Nationwide

$591

$49

St. Louis

Auto Club of SoCal

$1,258

$105

Tampa-St. Petersburg

Security First

$602

$50

Washington, D.C.

Chubb

$900

$75

How to get cheap homeowners insurance

Some take a little more effort than others, but there are a variety of ways to get cheap insurance for your house and possessions. Below are some of the most common ways to save on home insurance.

Shop around. Don’t buy the first policy you get a quote for — compare rates from multiple companies in your area to find an affordable  policy from a reputable company. Our guide to the best homeowners insurance companies can get you started.

Insure your home for the proper amount. Don’t insure your home based on its current market value (that is, how much the home could sell for) — you should actually insure it based on how much it would cost to rebuild your home in the event of a claim. Have your home insurance agent or company estimate your home’s replacement cost so you can insure your house for the correct amount.

Bundle your policies. Many carriers offer a discount if you bundle home and auto insurance together to make both policies more affordable.

Increase your deductible. You can lower your premium by choosing a higher deductible, but make sure you have enough cash to cover it should you need to file a claim.

Avoid filing small claims. Most home insurance companies offer a discount for customers who haven’t filed a claim in the last three to five years. If you can, pay cash for home repairs and file a claim only when absolutely necessary to avoid rate hikes.

Avoid risky purchases. Anything considered a high risk for a liability claim, including trampolines and aggressive dog breeds, could raise the cost of your homeowners insurance. So think twice about adding that swimming pool if you want cheap coverage.

Add safety features to your home. Making your home safer now may save you money on home insurance in the long run. Many insurance companies offer discounts for features that protect your home against fire and theft. Fire extinguishers, deadbolts, security systems and more could all help keep costs low.

Improve your credit. Poor credit generally translates to high insurance costs, including for homeowners insurance. While not an overnight fix, you can rebuild credit by making payments on time and using less than 10% of your total credit card limits, if possible.

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 1983. 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.

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.

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