Cheap Home Insurance Quotes by State (2024)

Average home insurance premiums range from Vermont at just $77 per month to Florida at $916 per month.

Stephanie Colestock
Stephanie Colestock

Stephanie is a DC-based freelance writer specializing in personal finance. Her work covers insurance, loans, real estate investing, retirement, and more.

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Chris Schafer
Edited byChris Schafer
Chris Schafer
Chris SchaferSenior Editor
  • 15+ years in content creation

  • 7+ years in business and financial services content

Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.

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Updated September 26, 2024

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The cost of home insurance varies dramatically across the U.S., with labor expenses, materials costs, natural disasters, and other risks playing into total premiums. But no matter where you are in the country, there’s one reality all homeowners face: Home insurance premiums have risen to unprecedented levels and show no signs of stopping.

A combination of factors — including inflation, rising home prices, higher repair costs, and an influx of natural disasters and severe storms — are driving increases across the country.[1]

Here’s a look at how to find cheap home insurance in each state and how much you might pay for coverage.

Quick Facts
  • Average annual premiums vary by home value, coverage limit, and applicable insurance policy type.

  • Some states have higher average rates largely due to their greater risks of natural disasters.

  • You can lower your average cost of home insurance by adjusting the coverage amount, raising your deductible, qualifying for discounts, and more.

Home insurance rates by state

Home insurance costs vary widely depending on the details of your home, coverage options, and even your personal factors.

The national average cost of homeowners insurance is $2,377 for a home with $300,000 in dwelling coverage and $3,603 for a home with $500,000 in dwelling coverage, according to Insurify data.

Here, you can see how the average annual rates vary in different states across the country.

State
$300K in Dwelling Coverage
$500K in Dwelling Coverage
Alaska$1,116$1,593
Alabama$3,939$6,116
Arkansas$3,368$5,239
Arizona$1,961$2,509
California$1,782$2,644
Colorado$4,072$6,079
Connecticut$1,764$2,830
Delaware$1,207$1,975
Florida$10,996$18,186
Georgia$2,426$3,776
Hawaii$1,150$1,909
Idaho $1,636 $2,556 
Illinois$2,050$3,077
Indiana$1,866$2,893
Iowa$2,120$3,310
Kansas$3,437$5,334
Kentucky$2,476$3,979
Louisiana$6,354$10,568
Maine$1,322$2,158
Maryland$1,670$2,619
Massachusetts$1,863$2,839
Michigan$1,840$3,263
Minnesota$2,332$3,631
Mississippi$4,312$6,822
Missouri$2,706$4,121
Montana$1,778$2,721
Nebraska$3,962$6,162
Nevada$1,224$2,020
New Hampshire$1,225$1,872
New Jersey$1,267$1,908
New Mexico$3,362$5,256
New York$2,257$3,640
North Carolina$2,110$3,196
North Dakota$2,519$3,773
Ohio$1,342$2,056
Oklahoma$5,444$8,558
Oregon$1,232$1,908
Pennsylvania$1,306$1,998
Rhode Island$2,036$3,073
South Carolina$3,082$4,895
South Dakota$2,562$3,827
Tennessee$2,470$3,902
Texas$4,456$6,757
Utah$1,369$2,119
Vermont$918$1,421
Virginia$1,600$2,584
Washington$1,437$2,195
West Virginia$1,392$2,037
Wisconsin$1,462$2,274
Wyoming$2,159$3,558
Washington D.C$1,203$1,874

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States with the most expensive home insurance rates

Homeowners insurance premiums have risen across the country in recent years, partially due to inflation and record-high home market values. Combined with the increased cost of building materials and labor, it simply costs more to repair or rebuild a home than ever before.

With that said, some states have seen an even sharper increase in average premiums, largely due to natural disasters and other risks specific to their location.

Here are the 10 most expensive states for home insurance premiums and how much homeowners pay per month for $300,000 in dwelling coverage in the following states:

  • Florida: $916

  • Louisiana: $530

  • Oklahoma: $454

  • Texas: $371

  • Mississippi: $359

  • Colorado: $339

  • Nebraska: $330

  • Alabama: $328

  • Kansas: $286

  • New Mexico: $280

States with the cheapest home insurance rates

Even if average home insurance costs have increased in the last few years, some states still offer affordable coverage for homeowners.

Here are the 10 states with the cheapest home insurance rates and how much homeowners in these states pay per month for $300,000 in dwelling coverage:

  • Vermont: $77

  • Alaska: $93

  • Hawaii: $96

  • Nevada: $94

  • District of Columbia: $100

  • Delaware: $101

  • New Hampshire: $102

  • Oregon: $103

  • New Jersey: $106

  • Maine: $110

Do you have to change your home insurance when you move states?

You’ll be required to purchase a new homeowners insurance policy when you move states and change homes. Depending on your insurer and its availability, you may be able to keep the same insurance company and type of coverage and just purchase a new policy to adequately protect your new home.

Some states may require special coverages for high-risk perils, while other coverages might just be a good idea. For example, homeowners in Florida may be required to buy hurricane insurance, while Texas property owners should consider their policy’s hail and wind damage protection.

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Other factors that affect your home insurance rates

Many factors besides your ZIP code play into how much homeowners insurance costs for your property. Some of these can result in higher premiums.

Common factors influencing your rates include the details of your home, such as its:

  • Age (older homes often cost more to insure)[2]

  • Size (the square footage of your home)

  • Number of rooms

  • Condition (both of the home in general and individual aspects, like the roof)

  • Upgraded features (like taller doors and ceilings)

  • Any special features installed in your home (like a home security system, fire sprinklers, a roof type resistant to fire or high winds, etc.)

  • Proximity to safety services (a faster fire or police department response time, or even living closer to a fire hydrant, may lower your premiums)

Insurers will also consider your personalized policy factors. These are within your control and you can adjust them to affect your pricing. They include:

  • The type of insurance policy

  • Your policy’s coverage limits (the amount of coverage you choose for personal property, your dwelling, personal liability, and more)

  • Any added features/riders (such as water damage, hurricane coverage for homes in coastal areas, etc.)

  • The deductible you choose

Lastly, insurance companies will look at you, the homeowner. Important personal factors include your:

  • Age

  • Claims history

  • Credit history and credit-based insurance score

  • Any money-saving discount(s) you qualify for

The greater the risk you (and your house) pose to home insurance companies, the higher the price you’ll pay for coverage.

Home insurance rates by state FAQs

Want to know even more about homeowners insurance rates and how they vary by state? Here are some of the most frequently asked questions.

  • What state has the highest home insurance rates?

    The highest average home insurance rates are in Florida, where it’ll cost you an average of $10,996 per year to buy $300,000 in dwelling coverage. This high cost is likely due to the risk of major hurricanes in addition to other standard perils.

  • Which state has the cheapest home insurance rates?

    The cheapest home insurance rates are in Vermont, with an annual average of just $918 annually for $300,000 in dwelling protection.

  • What is the national average rate for home insurance?

    The average cost of homeowners insurance is $2,377 per year for $300,000 in dwelling coverage. This includes all states and averages all types of homeowners insurance coverage.

  • Does home insurance cover flood damage?

    Most home insurance policies exclude flood damage.[3] If you live in a flood plain, your insurance company or mortgage lender may require you to purchase separate flood insurance coverage.

    Even if flood insurance isn’t mandatory for your home, buying a separate flood policy or a flood insurance rider can help better protect your home from unexpected water intrusion.

  • Is home insurance required in my state?

    Homeowners insurance coverage isn’t required at the federal or state level. But if you still have a mortgage loan on your home, your lender will likely require you to maintain adequate coverage on the property until you pay off your mortgage. If you fail to purchase home insurance, your insurer may purchase a force-placed policy at your expense.

Sources

  1. NY Times. "Home Insurance Rates in America are Wildly Distorted. Here's Why.."
  2. Insurance Information Institute. "12 Ways to Lower Your Homeowners Insurance Costs."
  3. Insurance Information Institute. "Facts + Statistics: Flood insurance."
Stephanie Colestock
Stephanie Colestock

Stephanie is a DC-based freelance writer and Certified Financial Education Instructor (CFEI). She primarily covers personal finance topics such as insurance, loans, real estate investing, and retirement. Her work can be found on CBS, FOX Business, MSN, Yahoo! Finance, Business Insider, and more. When she isn't helping people plan for their financial futures, she is traveling, hiking with her kids, or writing for her own website, TomorrowsDollar.com. She can be reached on Twitter @stephcolestock

Chris Schafer
Edited byChris SchaferSenior Editor
Chris Schafer
Chris SchaferSenior Editor
  • 15+ years in content creation

  • 7+ years in business and financial services content

Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.

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