How Much Is Homeowners Insurance on a $400,000 House? (2025)
The average cost to insure a $400,000 home is $3,216 per year.
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Written byAnna Baluch
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4+ years writing insurance and personal finance content
MBA from Roosevelt University
Anna leverages her personal finance and insurance knowledge to create educational content that helps people make smart financial decisions.
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Edited byEvelyn Pimplaskar
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10+ years in insurance and personal finance content
30+ years in media, PR, and content creation
Evelyn leads Insurify’s content team. She’s passionate about creating empowering content to help people transform their financial lives and make sound insurance-buying decisions.
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Data reviewed byChase Gardner
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Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
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Table of contents
Various factors affect how much you’ll pay to insure a home, including the value of your home, your location, the level of coverage you choose, and the insurance company you select. In general, the higher your dwelling coverage amount, the more expensive your home insurance premiums will be.
Here’s what you need to know about home insurance prices for $400,000 homes to find a great deal on coverage and avoid overpaying.
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Cost of insurance on a $400,000 house
The annual cost of dwelling coverage on a $400,000 house is $3,216, on average. Because the cost of home insurance varies by company, it’s a good idea to shop around and compare all your options.
The table below shows the average cost of a home insurance policy on a $400,000 house from various home insurers.
The below rates are estimated rates current as of: Thursday, September 4 at 12:00 PM PDT.
Data reviewed by Chase Gardner
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
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Insurance Company  | Average Annual Premium |
|---|---|
| Westfield | $1,560 |
| Grange | $1,764 |
| Amica | $1,824 |
| CSAA | $1,896 |
| USAA | $2,100 |
| AFI | $2,292 |
| AIG | $2,328 |
| American Family | $2,352 |
| National General | $2,568 |
| Travelers | $2,568 |
| ASI | $2,772 |
| Farmers | $2,844 |
| Allstate | $2,856 |
| Mercury | $2,868 |
| Auto-Owners | $2,988 |
| Foremost | $3,264 |
| State Farm | $3,276 |
| Nationwide | $3,456 |
| Encompass | $3,576 |
| COUNTRY Financial | $3,876 |
| Erie | $4,068 |
| Allied | $4,332 |
| Chubb | $4,584 |
| Shelter | $4,752 |
| Metropolitan | $5,772 |
Average cost of home insurance on a $400,000 house by state
Your state and ZIP code have a significant effect on your homeowners insurance premium and monthly payment. Your location plays a role due to varying crime rates, severe weather conditions, natural disasters, rebuilding costs, and proximity to fire departments. These main factors all affect how likely you are to file a home insurance claim.
Here’s a look at the average annual cost of home insurance for a $400,000 house by state.
The below rates are estimated rates current as of: Thursday, September 4 at 12:00 PM PDT.
Data reviewed by Chase Gardner
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
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State | Average Annual Premium |
|---|---|
| Vermont | $1,260 |
| New Hampshire | $1,488 |
| New Jersey | $1,488 |
| Pennsylvania | $1,512 |
| Alaska | $1,560 |
| Delaware | $1,596 |
| Maine | $1,596 |
| Washington D.C. | $1,608 |
| Nevada | $1,656 |
| New York | $1,656 |
| Oregon | $1,728 |
| Wisconsin | $1,800 |
| Washington | $1,848 |
| West Virginia | $1,920 |
| Utah | $1,932 |
| Hawaii | $1,944 |
| Virginia | $1,980 |
| Ohio | $2,016 |
| Massachusetts | $2,208 |
| Idaho | $2,220 |
| Connecticut | $2,244 |
| Wyoming | $2,244 |
| Maryland | $2,364 |
| Montana | $2,484 |
| Indiana | $2,508 |
| Arizona | $2,604 |
| California | $2,640 |
| Minnesota | $2,760 |
| Illinois | $2,784 |
| Michigan | $2,808 |
| Iowa | $2,832 |
| Rhode Island | $2,892 |
| South Dakota | $2,952 |
| Georgia | $2,988 |
| South Carolina | $3,144 |
| North Dakota | $3,192 |
| United States | $3,216 |
| New Mexico | $3,408 |
| Colorado | $3,468 |
| Missouri | $3,528 |
| Tennessee | $3,612 |
| Alabama | $3,792 |
| Arkansas | $3,864 |
| Kentucky | $3,864 |
| Mississippi | $3,900 |
| Nebraska | $4,068 |
| Kansas | $4,296 |
| North Carolina | $4,440 |
| Texas | $5,160 |
| Oklahoma | $5,892 |
| Louisiana | $6,744 |
| Florida | $7,320 |
How much coverage do you need for a $400K house?
The type of coverage you choose will affect your insurance premium for a $400,000 house. Here are the most common types of home insurance products:
Dwelling coverage
Dwelling coverage pays for damage to the structure of your home, as well as any structures attached to it, such as a garage, porch, or deck.
Personal property coverage
Personal property coverage pays for the value of damaged or stolen personal belongings, like electronics or furniture.
Loss of use coverage
Loss of use coverage reimburses you if you can’t live in your home during repairs following a covered peril.
Personal liability coverage
Personal liability insurance protects you financially if you or a family member cause property damage or bodily injury to someone else.
Medical payments coverage
Medical payments insurance can come in handy if someone has an injury on your property and faces medical bills.[1]
Flood insurance
Flood insurance, which you can buy from a private insurer or the National Flood Insurance Program (NFIP), covers flood damage your property sustains.
Earthquake insurance
Earthquake insurance pays for damage that comes from an earthquake.[2]
Factors that affect home insurance rates
Here’s an overview of the factors that affect what you’ll pay for home insurance coverage:
Square footage
The more square footage your home has, the higher your home insurance rates will generally be. Larger homes cost more to repair or rebuild because labor and material costs are higher. A bigger home represents more risk to your homeowners insurance company than a smaller dwelling.
Home age
It can be expensive to replace certain features or construction materials on older homes. That’s why home insurance companies usually charge higher premiums for older homes with higher construction costs.
The table below shows how much home insurance might cost for a $400,000 house by home age.
Home Construction Year | Average Annual Premium |
|---|---|
| 1940 | $4,702 |
| 1970 | $4,686 |
| 2000 | $4,487 |
| 2010 | $3,933 |
| 2020 | $2,894 |
Proximity to fire stations
Since fire is one of the significant perils homeowners insurance protects your house from, anything that reduces the risk of a fire occurring can help reduce your home insurance costs.
For example, if you live close to a fire station or fire hydrant, you may earn cheaper home insurance rates because firefighters can get to your home faster and extinguish a fire. Property fires caused approximately $23 billion in damages in 2023, according to the National Fire Protection Association.
Level of coverage
Several types of home insurance policies are available.
HO-3 policies are the most common, but they offer less coverage than some other options. Generally, HO-3 policies pay claims at actual cash value — meaning what your personal property is worth minus depreciation. But that may not be enough to fully replace, repair, or rebuild your damaged property.
An HO-5 policy provides broader coverage and typically provides replacement cost value for covered claims. But HO-5 policies generally cost more than HO-3s.
Claims history
Your claims history is also an important factor insurers consider when determining your homeowners insurance rates. You’ll likely face more expensive rates if you’ve filed many claims in the past for home damage.
Credit rating
Most states allow insurance companies to consider credit information when setting home insurance rates.
Insurers can use information in your credit file, like payment history, credit usage, and recent credit applications, to generate a credit-based insurance score. That score estimates how likely you are to file a claim. Generally, the better your credit history, the more likely you are to qualify for lower home insurance rates.
Location
Your ZIP code and neighborhood can influence your home insurance premiums. If you live somewhere that’s more prone to a natural disaster, like a hurricane, or has a higher crime rate, you can expect more expensive home insurance costs.
The following table illustrates how location within a state can affect home insurance costs.
State | Most Expensive ZIP Code | Cost | Least Expensive ZIP Code | Cost |
|---|---|---|---|---|
| Alaska | 99705 (North Pole) | $1,352 | 99801 (Juneau) | $1,073 |
| Alabama | 36532 (Fairhope) | $8,251 | 36830 (Auburn) | $2,774 |
| Arkansas | 72450 (Paragould) | $3,809 | 72764 ( Springdale) | $3,279 |
| Arizona | 85032 (Phoenix) | $2,709 | 85383 (Peoria) | $2,084 |
| California | 90011 (Los Angeles) | $2,525 | 92154 (San Diego) | $1,656 |
| Colorado | 80918 (Colorado Springs) | $5,332 | 80526 (Fort Collins) | $3,955 |
| Connecticut | 6511 (New Haven) | $2,577 | 6010 (Bristol) | $1,707 |
| Delaware | 19958 (Lewes) | $1,707 | 19808 (Wilmington) | $975 |
| Florida | 33012 (Hialeah) | $18,365 | 32218 (Jacksonville) | $4,245 |
| Georgia | 30349 (Atlanta) | $3,196 | 30004 (Alpharetta) | $2,529 |
| Hawaii | 96720 (Hilo) | $1,166 | 96818 (Honolulu) | $1,164 |
| Iowa | 51503 (Council Bluffs) | $3,200 | 52001 (Dubuque) | $2,263 |
| Idaho | 83402 (Idaho Falls) | $1,939 | 83709 (Boise) | $1,818 |
| Illinois | 60618 (Chicago) | $2,945 | 60565 (Naperville) | $2,284 |
| Indiana | 46227 (Indianapolis) | $2,356 | 47909 (Lafayette) | $1,850 |
| Kansas | 67801 (Dodge City) | $4,715 | 66049 (Lawrence) | $3,015 |
| Kentucky | 40214 (Louisville) | $2,954 | 40356 (Nicholasville) | $2,316 |
| Louisiana | 70065 (Kenner) | $14,468 | 71111 (Bossier City) | $4,197 |
| Massachusetts | 2740 (New Bedford) | $2,221 | 01201 (Pittsfield) | $1,527 |
| Maryland | 21215 (Baltimore) | $2,271 | 21740 (Hagerstown) | $1,592 |
| Maine | 04011 (Brunswick) | $1,341 | 04901 (Waterville) | $1,233 |
| Michigan | 48214 (Detroit) | $4,274 | 48103 (Ann Arbor) | $1,800 |
| Minnesota | 55407 (Minneapolis) | $3,083 | 55811 (Duluth) | $2,516 |
| Missouri | 64118 (Kansas City) | $3,205 | 63366 (O’Fallon) | $2,537 |
| Mississippi | 39564 (Ocean Springs) | $8,375 | 39759 (Starkville) | $2,532 |
| Montana | 59102 (Billings) | $2,768 | 59901 (Kalispell) | $1,515 |
| North Carolina | 28314 (Fayetteville) | $3,499 | 28806 (Asheville) | $2,006 |
| North Dakota | 58801 (Williston) | $3,254 | 58078 (West Fargo) | $2,492 |
| Nebraska | 69101 (North Platte) | $4,350 | 68516 (Lincoln) | $3,133 |
| New Hampshire | 03801 (Portsmouth) | $1,284 | 03060 (Nashua) | $1,162 |
| New Jersey | 08401 (Atlantic City) | $1,675 | 08873 (Somerset) | $1,061 |
| New Mexico | 88101 (Clovis) | $6,458 | 88001 (Las Cruces) | $2,085 |
| Nevada | 89121 (Las Vegas) | $1,664 | 89701 (Carson City) | $1,233 |
| New York | 10025 (New York) | $3,088 | 14850 (Ithaca) | $1,224 |
| Ohio | 45458 (Dayton) | $1,614 | 44312 (Akron) | $1,419 |
| Oklahoma | 73099 (Yukon) | $7,043 | 74055 (Owasso) | $5,282 |
| Oregon | 97701 (Bend) | $1,438 | 97229 (Portland) | $1,191 |
| Pennsylvania | 19120 (Philadelphia) | $2,026 | 17603 (Lancaster) | $1,148 |
| Rhode Island | 02840 (Newport) | $2,413 | 02864 (Cumberland) | $2,011 |
| South Carolina | 29412 (Charleston) | $5,293 | 29651 (Greer) | $1,853 |
| South Dakota | 57701 (Rapid City) | $3,426 | 57401 (Aberdeen) | $2,456 |
| Tennessee | 38134 (Memphis) | $3,210 | 37918 (Knoxville) | $2,206 |
| Texas | 77479 (Sugar Land) | $6,524 | 79936 (El Paso) | $2,227 |
| Utah | 84118 (Salt Lake City) | $1,716 | 84043 (Lehi) | $1,556 |
| Virginia | 23503 (Norfolk) | $2,678 | 22903 (Charlottesville) | $1,273 |
| Vermont | 05701 (Rutland) | $1,030 | 05403 (South Burlington) | $885 |
| Washington | 98908 (Yakima) | $1,680 | 98115 (Seattle) | $1,318 |
| Wisconsin | 53215 (Milwaukee) | $1,665 | 53081 (Sheboygan) | $1,283 |
| West Virginia | 25705 (Huntington) | $1,547 | 26554 (Fairmont) | $1,221 |
| Wyoming | 82001 (Cheyenne) | $2,241 | 82901 (Rock Springs) | $1,337 |
How to lower your homeowners insurance costs
Fortunately, you can try to save money and score cheap rates on a home insurance policy for a $400,000 property.
Here are several tips to consider:
Shop around. Take the time to get home insurance quotes from multiple homeowners insurance companies. Then, compare average rates, coverage options, coverage limits, and discounts to find the best deal.
Increase your deductible. The higher your deductible is, the lower your premium will be. As long as you can afford to pay more out of pocket for any damages that your home sustains, you might want to increase your deductible.[3]
Invest in safety and security systems. If you install certain safety and security systems in your home — like a fire alarm or smoke detector, for example — you can reduce your home insurance premiums.
Bundle insurance policies. It’s a good idea to purchase a homeowners insurance policy and auto insurance from the same company. This way, you can score a bundling discount.
Maintain good credit. Depending on where you live, home insurance companies may look at your credit-based insurance score when determining your premiums. Having good credit can lead to cheaper home insurance.
Ask about discounts. Most home insurers offer discounts to help policyholders save on home insurance policies. You may earn a discount if you pay for your policy in full, upgrade to a hail-resistant roof, install deadbolts on all doors, or live in a gated community. Contact an insurance agent or homeowners insurance company directly for more information on discounts.[4]
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Homeowners insurance on a $400,000 home FAQs
If you’re insuring your home for the first time or shopping around for a different policy, you likely have questions about finding the best amount of coverage for your $400,000 home. The following information should help you navigate the process of shopping for home insurance.
What’s the national average rate for home insurance?
At the end of 2024, the national average cost of homeowners insurance was $3,259, according to Insurify's “Insuring the American Homeowner” report. But keep in mind that your rates may be higher or lower than the average, depending on multiple factors, including where you live.
What state has the lowest homeowners insurance rates?
Vermont has the lowest average cost of homeowners insurance, at $1,260 annually, according to Insurify data.
How much should home insurance cost for a $400,000 house?
Because so many variables affect the cost of homeowners insurance, it’s impossible to provide a definitive number for what home insurance should cost on a $400,000 home. It’s a good idea to look at your state’s annual average as a starting point. You should also consider whether you want replacement cost value, which will cost more, and how much liability coverage you need.
What is the 80% rule in homeowners insurance?
The 80% home insurance rule refers to a threshold for how much coverage you should purchase if you want a home insurance company to fully cover the cost of replacing your home. If you follow this rule, you should insure your home for at least 80% of its total replacement cost.
What factors influence the cost of home insurance for a $400,000 house?
Your location, the age and square footage of the home, your claims history, and the home’s proximity to emergency services like fire stations will determine home insurance costs for a $400,000 house. The type of home insurance coverage you choose will affect the cost of your policy as well.
Why did my homeowners insurance go up so much?
Home insurance rates have been rising across the country. This is largely driven by increasingly frequent and severe weather events that cause damage to homes and result in home insurance claims. Inflation, which pushes up the cost of labor and materials for repairs, also plays a role in rising home insurance costs.
Does the location of your $400K house affect the price of homeowners insurance?
Yes. If you live in a neighborhood with higher rates of crime or frequent severe weather conditions, you’ll pay higher home insurance costs for your home.
Do you need home insurance if you paid your mortgage off?
No, but it can be a good idea. Once you pay off your mortgage, you don’t need to carry a home insurance policy. But having home insurance is still important because it can protect you from costly home damages and unexpected out-of-pocket costs.
Methodology
Insurify data scientists analyzed rates from more than 180 home insurance companies sourced directly from Insurify’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
Default Coverage Assumptions
- Dwelling coverage: $300,000
- Deductible: $1,000
- Personal property limit: $25,000
- Liability limit: $300,000
Additional data points beyond these default values are sourced from Insurify’s proprietary database. Rates are updated monthly.
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Sources
- National Association of Insurance Commissioners. "A Consumer's Guide to Home Insurance."
- Insurance Information Institute. "What is homeowners insurance."
- Insurance Information Institute. "Understanding your insurance deductibles."
- Insurance Information Institute. "12 Ways to Lower Your Homeowners Insurance Costs."
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Anna BaluchInsurance Writer
Anna Baluch is a Cleveland-based personal finance and insurance expert. With an MBA from Roosevelt University, she enjoys writing educational content that helps people make smart financial decisions. Her work can be seen across the internet on many publications, including Freedom Debt Relief, Credit Karma, RateGenius, and the Balance. Connect with Anna on LinkedIn.
Anna has been a contributor at Insurify since December 2022.
10+ years in insurance and personal finance content
30+ years in media, PR, and content creation
Evelyn leads Insurify’s content team. She’s passionate about creating empowering content to help people transform their financial lives and make sound insurance-buying decisions.
Featured in
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
Featured in