Average home insurance cost in 2026

Q: What is the 80% rule in homeowners insurance?

The 80% rule, or 80/20 rule , states that if you have not insured your home for at least 80% of its replacement cost, the insurance company may reduce claim payouts accordingly. This rule doesn't apply to total loss claims.

Q: How much should home insurance go up each year?

There's no set amount for home insurance increases , as many factors are involved. In many states, wildfires and natural disasters related to climate change are pushing up rates more dramatically than in the past. Regardless of whether your risk factors have changed, you can expect an annual increase as the cost of rebuilding your home increases over time.

How much is homeowners insurance?

The national average monthly home insurance cost is $212 a month, which is $2,543 a year.
The coverage limits you choose, as well as the location of your home can push your rates up or down.
Other factors, like the size, age, and construction type of your home will impact rates, as will features like a pool, hot tub or sauna.

Here's a look at sample rates from the cheapest home insurance companies in each state.

Company	Average annual premium	Average monthly premium
State Farm	$1,466	$122
Allstate	$2,042	$170
Country Financial	$1,390	$116
Western National Insurance	$1,135	$95
USAA	$1,290	$108

Average homeowners insurance cost by state

Florida is the most expensive state for homeowners insurance, coming in at an average of $7,136 a year, followed by Louisiana and Kansas
Florida's rates are $4,593 above the national average and $6,477 above Hawaii's
Hawaii, where the average homeowners policy runs $659 a year, is the cheapest state for home insurance, followed by Vermont and New Hampshire
Hawaii's rates are $1,884 below the national average and $6,477 a year less than Florida's

“One major factor in Hawaii is the fact that most standard homeowner insurance policies do not cover hurricane damage. Hurricane Iniki, which hit in 1992, did so much damage that the majority of insurers excluded hurricane damage from their coverage. Homeowners in Hawaii now have to purchase a separate hurricane damage policy,” says Michael Barry, chief communications officer at the Insurance Information Institute (Triple-I), an insurance industry research and education organization.

Take a look at the average home insurance rate in your state and how it compares below.

State	Average annual premium	Average monthly premium	Hurricane deductible
Alaska	$1,397	$116	None
Alabama	$3,633	$303	2%
Arkansas	$3,733	$311	None
Arizona	$2,344	$195	None
California	$1,616	$135	None
Colorado	$4,963	$414	None
Connecticut	$1,905	$159	2%
Washington, D.C.	$1,656	$138	None
Delaware	$1,374	$115	2%
Florida	$7,136	$595	2%
Georgia	$2,323	$194	2%
Hawaii	$659	$55	None
Iowa	$2,902	$242	None
Idaho	$2,240	$187	None
Illinois	$2,643	$220	None
Indiana	$2,887	$241	None
Kansas	$5,260	$438	None
Kentucky	$4,042	$337	None
Louisiana	$5,986	$499	2%
Massachusetts	$1,483	$124	2%
Maryland	$1,918	$160	2%
Maine	$1,335	$111	2%
Michigan	$2,924	$244	None
Minnesota	$2,729	$227	None
Missouri	$3,979	$332	None
Mississippi	$2,529	$211	2%
Montana	$3,215	$268	None
North Carolina	$3,124	$260	2%
North Dakota	$2,982	$248	None
Nebraska	$4,553	$379	None
New Hampshire	$1,300	$108	2%
New Jersey	$1,421	$118	2%
New Mexico	$2,869	$239	None
Nevada	$1,774	$148	None
New York	$1,683	$140	2%
Ohio	$2,118	$177	None
Oklahoma	$5,010	$417	None
Oregon	$1,572	$131	None
Pennsylvania	$1,529	$127	2%
Rhode Island	$2,445	$204	2%
South Carolina	$2,974	$248	2%
South Dakota	$3,760	$313	None
Tennessee	$2,958	$247	None
Texas	$4,085	$340	2%
Utah	$1,814	$151	None
Virginia	$2,074	$173	2%
Vermont	$1,063	$89	None
Washington	$1,753	$146	None
Wisconsin	$1,812	$151	None
West Virginia	$1,860	$155	None
Wyoming	$2,075	$173	None

Read our methodology

Average home insurance cost by state and dwelling coverage

Below, you can compare homeowners insurance rates by dwelling coverage limits in each state. The dwelling coverage amount is the amount available to repair or rebuild your home.

Map

Table

State	Average annual rates for $200,000 in dwelling coverage	Average annual rates for $300,000 in dwelling coverage	Average annual rates for $400,000 in dwelling coverage	Average annual rates for $600,000 in dwelling coverage	Average annual rates for $1,000,000 in dwelling coverage
Alabama	$2,391	$3,147	$3,798	$5,144	$7,056
Alaska	$1,355	$1,708	$2,064	$2,779	$4,098
Arizona	$1,906	$2,490	$3,063	$4,086	$5,161
Arkansas	$3,328	$3,958	$4,675	$6,099	$7,768
California	$1,043	$1,405	$1,772	$2,598	$4,266
Colorado	$3,169	$4,099	$4,662	$5,542	$7,384
Connecticut	$1,750	$2,231	$2,707	$3,641	$4,762
Delaware	$1,078	$1,384	$1,729	$2,474	$3,406
Florida*	$3,773	$4,419	$4,984	$5,854	$6,574
Georgia	$1,760	$2,302	$2,881	$4,006	$5,743
Hawaii	$461	$613	$791	$1,154	$1,831
Idaho	$1,476	$1,961	$2,449	$3,427	$5,288
Illinois	$2,423	$3,062	$3,587	$4,390	$5,752
Indiana	$2,313	$2,991	$3,620	$4,451	$5,749
Iowa	$2,022	$2,654	$3,230	$4,388	$6,267
Kansas	$3,638	$4,843	$5,688	$6,798	$8,310
Kentucky	$2,486	$3,326	$4,153	$5,182	$6,452
Louisiana	$2,822	$3,594	$4,409	$5,277	$5,979
Maine	$1,021	$1,391	$1,741	$2,510	$3,972
Maryland	$1,318	$1,715	$2,131	$3,028	$4,700
Massachusetts	$1,303	$1,640	$1,998	$2,746	$4,168
Michigan	$1,825	$2,411	$2,956	$3,564	$4,680
Minnesota	$1,828	$2,420	$2,999	$4,308	$5,991
Mississippi	$2,646	$3,380	$3,941	$4,700	$6,039
Missouri	$2,638	$3,543	$4,114	$4,956	$6,641
Montana	$2,523	$3,289	$3,831	$4,271	$5,825
Nebraska	$3,809	$4,800	$5,904	$7,365	$8,451
Nevada	$1,093	$1,467	$1,853	$2,707	$4,135
New Hampshire	$948	$1,221	$1,488	$2,032	$3,064
New Jersey	$1,171	$1,526	$1,894	$2,619	$3,915
New Mexico	$1,829	$2,647	$3,489	$4,529	$5,908
New York	$1,340	$1,816	$2,349	$3,276	$4,904
North Carolina	$2,141	$2,941	$3,398	$4,375	$6,031
North Dakota	$2,431	$3,147	$3,898	$4,682	$6,991
Ohio	$1,805	$2,160	$2,613	$3,265	$4,301
Oklahoma	$4,442	$5,858	$7,012	$8,426	$8,865
Oregon	$1,347	$1,755	$2,185	$3,016	$4,108
Pennsylvania	$1,475	$1,911	$2,130	$2,902	$3,908
Rhode Island	$1,505	$1,950	$2,381	$3,327	$5,235
South Carolina	$2,061	$2,678	$3,219	$4,319	$5,765
South Dakota	$2,607	$3,390	$3,970	$5,353	$7,420
Tennessee	$2,369	$3,060	$3,737	$4,873	$6,573
Texas	$2,951	$3,851	$4,643	$5,602	$6,799
Utah	$1,416	$1,802	$2,161	$2,876	$4,201
Vermont	$974	$1,263	$1,555	$2,147	$3,269
Virginia	$1,645	$2,151	$2,694	$3,430	$4,314
Washington	$1,260	$1,612	$2,017	$2,801	$4,314
Washington, D.C.	$984	$1,342	$1,703	$2,384	$3,699
West Virginia	$1,465	$1,911	$2,354	$3,271	$5,041
Wisconsin	$1,274	$1,662	$2,038	$2,711	$4,091
Wyoming	$1,351	$1,897	$2,490	$3,703	$5,597

Read our methodology

*Some state rates will vary based on the addition of a hurricane deductible and may be much higher when included.

Get homeowners insurance rates in your ZIP code

What you will pay for home insurance depends on many factors, but you can get a loose estimate by comparing rates in your ZIP code. Using our home insurance calculator below, you can compare average home insurance rates by ZIP code at 10 different coverage levels.

Home insurance calculator by ZIP code

Average home insurance rates in Texas

Most & least expensive ZIP codes for homeowners insurance in Texas

Most expensive
Least expensive

ZIP code	City	Highest rate
77550	Galveston	$10,164
77586	El Lago	$9,906
77551	Galveston	$9,536
77554	Galveston	$9,358

ZIP code	City	Lowest rate
78559	Iglesia Antigua	$1,956
78593	Santa Rosa	$1,999
79915	El Paso	$2,008
79905	El Paso	$2,009

Read our methodology

People ask

What company has the cheapest homeowners insurance?

Allstate is the cheapest company for home insurance nationwide, based on our rate analysis. However, the cheapest company for you will vary.

Average home insurance cost by company

According to our data, Allstate has the lowest average annual premium at $2,049 annually, or $171 a month. Travelers came in second with an average annual premium of $2,235, and State Farm rounded out the top three at $2,448.

Progressive is the most expensive insurer in our rankings with an average annual premium of $4,227, 106% more than Allstate. These numbers clearly show that comparing home insurance quotes on a regular basis is the best way to make sure you are getting the cheapest rates.

Check the chart below to see the rates for major insurers.

Company	Average annual premium	Average monthly premium
Allstate	$2,049	$171
American Family	$2,759	$230
Auto-Owners	$2,840	$237
Erie Insurance	$2,783	$232
Farmers	$2,820	$235
Nationwide	$2,983	$249
Progressive	$4,227	$352
State Farm	$2,448	$204
Travelers	$2,235	$186
USAA	$2,401	$200

Read our methodology

Average home insurance cost by coverage level and company

Below are the nationwide average annual rates for homeowners insurance at several coverage levels, including homeowners insurance for a $200,000 house and home insurance for a $400,000 house, all with a $1,000 deductible. You can also compare the cost of home insurance for a $300,000 home, our benchmark for average rates, with insurance for a $600,000 house and even insurance for a million-dollar house.

Company	Average annual premium	Average monthly premium
Allstate	$1,689	$141
Travelers	$1,755	$146
State Farm	$1,825	$152
Erie Insurance	$1,879	$157
Farmers	$2,003	$167
American Family	$2,062	$172
Nationwide	$2,212	$184
Auto-Owners	$2,232	$186
Progressive	$3,341	$278
USAA	$1,797	$150

Average home insurance cost by ZIP code

The highest homeowners insurance rates are in ZIP code 33149, which is Key Biscayne, Florida. Homeowners insurance premiums in this ZIP code average $19,963 a year.
ZIP codes in Surfside, Florida, and Miami Beach, Florida, rank second and third, respectively.
The cheapest ZIP code is in Honolulu, Hawaii, followed by Anahola, Hawaii.

Average home insurance cost by ZIP codes

Most expensive ZIP codes
Least expensive ZIP codes

The most expensive ZIP codes for home insurance

Here are the top 10 most expensive ZIP codes in the U.S. for home insurance and the cities where they're located.

ZIP code	State	City	Average annual premium	Hurricane deductible
33149	Florida	Key Biscayne	$19,963	2%
33154	Florida	Surfside	$19,831	2%
33140	Florida	Miami Beach	$19,137	2%
33109	Florida	Fisher Island	$18,885	2%
33180	Florida	Aventura	$18,772	2%
33160	Florida	Sunny Isles Beach	$18,758	2%
33156	Florida	Pinecrest	$18,624	2%
33157	Florida	Palmetto Bay	$18,605	2%
33037	Florida	Key Largo	$18,514	2%
33070	Florida	Islamorada Village of Islands	$18,505	2%
33050	Florida	Marathon	$18,163	2%
33052	Florida	Marathon Shores	$18,161	2%
33036	Florida	Islamorada Village of Islands	$18,152	2%
33001	Florida	Long Key	$18,149	2%
33042	Florida	Summerland Key	$18,143	2%
33040	Florida	Key West	$17,926	2%
33012	Florida	Hialeah	$16,264	2%
70041	Louisiana	Buras	$16,166	2%
33018	Florida	Hialeah	$16,157	2%
33015	Florida	Country Club	$16,119	2%
33016	Florida	Hialeah	$16,030	2%
70091	Louisiana	Venice	$15,892	2%
33054	Florida	Opa-locka	$15,732	2%
33055	Florida	Miami Gardens	$15,641	2%
33056	Florida	Miami Gardens	$15,499	2%

Read our methodology

The least expensive ZIP codes for home insurance

These are the top 10 least expensive ZIP codes for home insurance in the U.S. and the cities where they're located.

ZIP code	State	City	Average annual premium	Hurricane deductible
96813	Hawaii	Honolulu	$655	None
96703	Hawaii	Anahola	$659	None
96701	Hawaii	Waimalu	$660	None
96763	Hawaii	Lanai City	$662	None
5404	Vermont	Winooski	$963	None
5403	Vermont	South Burlington	$978	None
5468	Vermont	Milton	$979	None
5446	Vermont	Colchester	$983	None
5495	Vermont	Williston	$987	None
5462	Vermont	Huntington	$989	None
5408	Vermont	Burlington	$990	None
5439	Vermont	Colchester	$991	None
5452	Vermont	Essex Junction	$992	None
5401	Vermont	Burlington	$993	None
5445	Vermont	Charlotte	$994	None
5461	Vermont	Hinesburg	$995	None
5465	Vermont	Jericho	$996	None
99835	Alaska	Sitka	$997	None
5405	Vermont	Burlington	$999	None
5641	Vermont	Barre	$1,000	None
99927	Alaska	Point Baker	$1,002	None
5482	Vermont	Shelburne	$1,009	None
99833	Alaska	Petersburg	$1,010	None
99821	Alaska	Auke Bay	$1,012	None
5466	Vermont	Jonesville	$1,015	None

Read our methodology

People ask

Do home insurance rates vary based on deductible levels?

Yes. A higher deductible means lower insurance rates while a lower deductible means a higher premium.

How much is home insurance a month?

The average cost of home insurance per month is $212, based on our standard dwelling coverage of $300,000 with $300,000 liability and a $1,000 deductible. However, your actual payment will depend on your profile and coverage.

Below are the average monthly premiums for various coverage levels.

Dwelling coverage	Deductible	Liability	Average monthly premium
$200,000	$1,000	$100,000	$158
$200,000	$1,000	$300,000	$160
$200,000	$2,500	$100,000	$141
$200,000	$2,500	$300,000	$143
$300,000	$1,000	$100,000	$210
$300,000	$1,000	$300,000	$212
$300,000	$2,500	$100,000	$189
$300,000	$2,500	$300,000	$191
$400,000	$1,000	$100,000	$261
$400,000	$1,000	$300,000	$263
$400,000	$2,500	$100,000	$236
$400,000	$2,500	$300,000	$238
$600,000	$1,000	$100,000	$364
$600,000	$1,000	$300,000	$367
$600,000	$2,500	$100,000	$331
$600,000	$2,500	$300,000	$334
$1,000,000	$2,500	$100,000	$518
$1,000,000	$2,500	$300,000	$521
$1,000,000	$5,000	$100,000	$469
$1,000,000	$5,000	$300,000	$473

Read our methodology

Will home insurance rates keeping increasing in 2026?

Home insurance rates have increased across the country over the past few years, and although the market is showing signs of correction, rate increases are likely to continue affecting customers in 2026. Customers don't see rate increases until renewal, so many people are still likely to see higher rates.

There are several reasons for the increase, which is usually not due to one homeowner but to larger trends that affect everyone.

The cost of materials has gone up. Construction materials are more expensive, driven by inflation and disrupted supply chains during the COVID-19 pandemic.
Increased severe weather and wildfires. Intense hurricanes, more frequent severe storms including hail, tornadoes and intense wildfires have all meant more claims, bigger claims and huge losses for insurance companies.
Companies pulling out of high-risk areas. In states like California and Florida, many insurance companies have pulled back or entirely out of the market. That leaves other carriers to pick up the slack; risk is less widely spread and rates go up to make up for that risk.
Past rate increases that didn't cover losses. Insurance companies must file rate increases with the state, and generally determine those increases based on past losses and anticipated losses for the coming year. However, increases in costs in recent years led to an imbalance; the actual losses were bigger than projected. Insurance companies are now trying to balance that out with larger increases across the nation.

How to calculate home insurance rates

Insurers consider a variety of factors when setting a premium. Here are some of the biggest factors influencing the cost of homeowners insurance:

Your home’s location: Insurers will look at the specific risk factors in that area, including weather, crime and claim rates as well as other factors.
Your home’s value: Bear in mind that the value used by insurance companies isn’t the same as your home’s market value. Insurers look at the cost of rebuilding the home, not its resale value.
Cost to rebuild: Insurers may have to pay to rebuild your home if it is destroyed. Higher rebuilding costs will lead to a higher premium.
Construction costs: Local construction costs, including labor, building materials availability, price and building regulations all affect rates.
Your home’s age: Older homes may have more risks, such as outdated wiring, plumbing and mechanicals.
Risk exposure: Risk exposure on your property, for instance, from a swimming pool, trampoline, guest house or aggressive breed of dog can lead to higher rates.
Fire protection: Your neighborhood’s fire protection rating, which looks at how close your home is to a fire station, is also a factor.
Claim history: Your personal and neighborhood claim history, as well as the previous homeowner’s claim history will all be considered, claims tend to raise rates.
Insurance score: Your insurance score is based, in part, on your credit history. Only three states don’t allow this – Massachusetts, Hawaii, and California; Maryland doesn’t use credit for home rates but does for auto rates.

For more information on how home insurance rates are determined, review some of the main factors affecting your home insurance rate. You can also use the home insurance calculator below to see what average rates are in your neighborhood.

How to lower homeowners insurance

There are a few ways to get lower home insurance rates. Here are some things you can do:

Shop around. The number one way to save money on home insurance is to shop around. Home insurance companies can offer vastly different rates on the same home. Getting multiple quotes is the best way to find a lower rate. Remember that the cheapest home insurance providers aren't always the best, so do your research before you buy.
Ask about discounts. Don't assume the insurance company will automatically give you every discount for which you qualify. Ask for a list of available discounts to see if there are any you are missing.
Raise your deductible. A higher deductible can significantly lower your insurance premium. Ensure you have chosen one you can afford, but make it the highest one you can afford.
Upgrade your home. The better your home can withstand the elements and the newer the systems in your home, the less likely it is that you'll file a claim. A new roof brings one of the most significant discounts, but there are a lot of upgrades that can lower your insurance rate. Complete whatever upgrades you can afford.

Home insurance premium trends

In the past few years, home insurance rates have been rising across the country. Large-scale natural disasters, supply chain disruptions and inflation have all played a role. The Consumer Federation of American (CFA) reports that home insurance rates have risen 24% over the past three years.

The CFA report found that the average yearly home insurance cost increased by $648 a year across the country for a policy with $350,000 in dwelling coverage.

Methodology

We partner with Quadrant Information Services to field average home insurance rates across all 50 states and Washington, D.C.

National and state home insurance averages are based on the following parameters:

$300,000 in dwelling coverage
$300,000 in liability coverage
A $1,000 deductible
A 2% hurricane deductible in applicable states
Good credit

Additionally, we receive rates for dwelling coverages of:

$200,000
$400,000
$600,000
$1,000,000

We also gather data for:

Deductibles ranging from $500 to $5,000
$100,000 in liability coverage

Home insurance Q&A :

Q : Does home insurance cover natural disasters, and how much does that affect my premium?

A : Home insurance covers many natural disasters, although flooding and earthquakes are excluded. In some areas, windstorm coverage is also separate. Your homeowners insurance premium is influenced by the risk of covered natural disasters in your area. The higher the risk, the higher the premiums.

Answered by Leslie Kasperowicz, Executive Editor

Q : What is the average home insurance deductible, and how does it affect premiums?

A : There is no average home insurance deductible, although $500 or $1,000 are common. The higher the deductible, the lower your premiums.

Answered by Leslie Kasperowicz, Executive Editor

FAQ: Average home insurance rates

Why did my home insurance go up?

Home insurance rates go up for a lot of reasons. Numerous claims in your area and an increased risk of severe weather or wildfires can push up the cost of coverage. Local factors such as increases in building costs or updated building codes can result in a higher premium. Your personal risk factors can also increase your rates. For example, if you file a claim or put in a pool or trampoline, your rates are likely to increase. If you don’t know why your rates went up, call your insurance company for an explanation.

What is the 80% rule in homeowners insurance?

The 80% rule, or 80/20 rule, states that if you have not insured your home for at least 80% of its replacement cost, the insurance company may reduce claim payouts accordingly. This rule doesn't apply to total loss claims.

How much should home insurance go up each year?

There's no set amount for home insurance increases, as many factors are involved. In many states, wildfires and natural disasters related to climate change are pushing up rates more dramatically than in the past. Regardless of whether your risk factors have changed, you can expect an annual increase as the cost of rebuilding your home increases over time.

Helpful home insurance tools and calculators