The average cost of home insurance in the U.S. is $2,777 a year or $231 a month for a policy with $300,000 in dwelling coverage and liability and a $1,000 deductible.
The amount of dwelling coverage has a big impact on home insurance rates. For example, with dwelling coverage of $200,000, the average rate is $2,233, while the cost of a homeowners insurance policy with $500,000 in dwelling coverage averages $3,594.
A lot of factors affect homeowners insurance rates, including the age and size of the home, claim history, cost of construction materials, and location. Read on to compare home insurance rates by insurance company and ZIP code, and find out what you can expect to pay for the coverage you need.
Key takeaways
- The average annual cost of homeowners insurance nationwide is $2,777 a year for dwelling coverage of $300,000.
- Home insurance rates vary widely by state; Oklahoma has the highest average rates while Hawaii has the lowest.
- The higher the replacement cost of your home, the more you'll pay for insurance; at $500,000 in dwelling coverage, the average rate is $3,594.
- How much is home insurance?
- Get home insurance rates in your ZIP code
- Average home insurance cost by ZIP code
- Average home insurance cost by state
- How much is homeowners insurance per month?
- How are homeowners insurance rates calculated?
- Best home insurance companies
- Frequently asked questions: Average home insurance cost
- Methodology
How much is home insurance?
Although the national average cost of home insurance is $2,777 a year, home insurance rates vary by coverage level and location. The most expensive state for home insurance is Oklahoma at $5,317 a year, and the cheapest state for home insurance is Hawaii at $582 a year. States where natural disasters are more common tend to have higher rates.
Here 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.
| Average rate | Dwelling coverage | Liability |
|---|---|---|
| $2,218 | $200,000 | $100,000 |
| $2,233 | $200,000 | $300,000 |
| $2,762 | $300,000 | $100,000 |
| $2,777 | $300,000 | $300,000 |
| $3,215 | $400,000 | $100,000 |
| $3,231 | $400,000 | $300,000 |
| $3,580 | $500,000 | $100,000 |
| $3,594 | $500,000 | $300,000 |
| $3,823 | $600,000 | $100,000 |
| $3,839 | $600,000 | $300,000 |
Get home insurance rates in your ZIP code
What you will pay for home insurance depends on many factors, but you can start by comparing rates in your ZIP code. Using our home insurance calculator below, you can compare average home insurance rates by ZIP code for 10 coverage levels.
HOME INSURANCE CALCULATOR
Average home insurance rates in CALIFORNIA
AVERAGE RATE: $797
Most & least expensive zip codes for homeowners insurance in California
Most Expensive
| Zip Code | City | Highest Rate |
|---|---|---|
| 92325 | Crestline | $1,450 |
| 92391 | Twin Peaks | $1,426 |
| 92321 | Cedar Glen | $1,425 |
| 92352 | Lake Arrowhead | $1,423 |
Least Expensive
| Zip Code | City | Lowest Rate |
|---|---|---|
| 94086 | Sunnyvale | $742 |
| 94085 | Sunnyvale | $743 |
| 94087 | Sunnyvale | $743 |
| 95051 | Santa Clara | $743 |
Average home insurance cost by ZIP code
Insurance.com’s analysis found the highest homeowners insurance rates in ZIP code 77471, Rosenberg, Texas.
ZIP codes in Weatherford, Oklahoma, and Hubert, North Carolina, rank second and third, respectively.
The cheapest ZIP code is in Hawaii. “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, spokesman for the Insurance Information Institute.
You can also look at how much home insurance costs in your state on average to see how your ZIP compares.
We looked at home insurance estimates by ZIP code across the country to find the highest average rate for home insurance in each state as well as the least expensive average rate for home insurance.
Top 10 most expensive locations by ZIP code
Here are the top ten most expensive cities in the U.S. for home insurance by ZIP code.
| ZIP code | State | City | Average annual premium |
|---|---|---|---|
| 77471 | Texas | Rosenberg | $6,638 |
| 73096 | Oklahoma | Weatherford | $6,308 |
| 28539 | North Carolina | Hubert | $6,143 |
| 67861 | Kansas | Leoti | $5,848 |
| 68861 | Nebraska | Odessa | $5,733 |
| 88135 | New Mexico | Texico | $5,484 |
| 29585 | South Carolina | Pawleys Island | $5,415 |
| 81041 | Colorado | Granada | $5,057 |
| 39576 | Mississippi | Waveland | $4,790 |
Top 10 least expensive ZIP codes for home insurance
These are the top 10 least expensive cities for home insurance in the U.S. by ZIP code.
| ZIP code | State | City | Average annual premium |
|---|---|---|---|
| 96813 | Hawaii | Honolulu | $579 |
| 94086 | California | Sunnyvale | $1,004 |
| 1342 | Massachusetts | Deerfield | $1,178 |
| 8504 | New Jersey | Blawenburg | $1,239 |
| 5439 | Vermont | Colchester | $1,241 |
| 19808 | Delaware | Pike Creek | $1,250 |
| 20852 | Maryland | North Bethesda | $1,322 |
| 99835 | Alaska | Sitka | $1,328 |
| 98383 | Washington D.C. | Chico | $1,377 |
Average home insurance cost by state
Check the map below to see the average cost of home insurance in each state.
| 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 $500,000 in dwelling coverage |
|---|---|---|---|---|
| Alabama | $2,614 | $3,489 | $4,123 | $4,581 |
| Alaska | $1,674 | $2,131 | $2,525 | $2,937 |
| Arizona | $1,701 | $2,224 | $2,747 | $3,061 |
| Arkansas | $3,655 | $4,201 | $4,598 | $5,026 |
| California | $1,027 | $1,380 | $1,741 | $2,138 |
| Colorado | $2,964 | $3,661 | $4,142 | $4,162 |
| Connecticut | $1,826 | $2,378 | $2,940 | $3,307 |
| Delaware | $1,210 | $1,559 | $1,944 | $2,350 |
| Florida* | $1,786 | $2,426 | $3,005 | $3,530 |
| Georgia | $2,297 | $3,024 | $3,800 | $4,526 |
| Hawaii | $440 | $582 | $749 | $918 |
| Idaho | $1,841 | $2,453 | $3,062 | $3,684 |
| Illinois | $2,321 | $2,752 | $3,210 | $3,701 |
| Indiana | $2,410 | $3,097 | $3,631 | $3,957 |
| Iowa | $2,310 | $3,017 | $3,482 | $4,118 |
| Kansas | $4,094 | $4,939 | $5,427 | $5,996 |
| Kentucky | $3,082 | $3,701 | $4,049 | $4,203 |
| Louisiana | $2,317 | $2,905 | $3,494 | $3,696 |
| Maine | $1,310 | $1,756 | $2,134 | $2,387 |
| Maryland | $1,289 | $1,694 | $2,117 | $2,546 |
| Massachusetts | $1,278 | $1,603 | $1,952 | $2,315 |
| Michigan | $2,131 | $2,607 | $2,950 | $2,975 |
| Minnesota | $2,309 | $2,930 | $3,718 | $4,475 |
| Mississippi | $3,042 | $3,841 | $4,578 | $5,040 |
| Missouri | $2,765 | $3,498 | $4,189 | $4,783 |
| Montana | $2,446 | $2,717 | $3,023 | $3,488 |
| Nebraska | $3,800 | $4,893 | $5,433 | $5,892 |
| Nevada | $1,483 | $1,794 | $2,159 | $2,500 |
| New Hampshire | $1,152 | $1,551 | $1,950 | $2,342 |
| New Jersey | $1,174 | $1,555 | $1,965 | $2,276 |
| New Mexico | $2,030 | $2,926 | $3,624 | $4,071 |
| New York | $1,608 | $2,058 | $2,586 | $2,997 |
| North Carolina | $2,112 | $3,031 | $3,524 | $3,936 |
| North Dakota | $2,361 | $3,139 | $3,883 | $4,105 |
| Ohio | $1,835 | $2,267 | $2,760 | $3,171 |
| Oklahoma | $4,193 | $5,317 | $6,387 | $7,192 |
| Oregon | $1,695 | $2,198 | $2,662 | $3,072 |
| Pennsylvania | $1,720 | $2,198 | $2,670 | $3,039 |
| Rhode Island | $1,415 | $1,878 | $2,339 | $2,829 |
| South Carolina | $2,335 | $3,042 | $3,637 | $4,059 |
| South Dakota | $2,980 | $3,844 | $4,596 | $5,079 |
| Tennessee | $2,455 | $3,107 | $3,712 | $4,122 |
| Texas | $3,525 | $4,142 | $4,529 | $4,979 |
| Utah | $1,382 | $1,755 | $2,112 | $2,473 |
| Vermont | $1,214 | $1,540 | $1,818 | $1,962 |
| Virginia | $1,903 | $2,249 | $2,423 | $2,787 |
| Washington | $1,313 | $1,659 | $2,054 | $2,448 |
| District of Columbia | $1,114 | $1,520 | $1,921 | $2,318 |
| West Virginia | $1,982 | $2,539 | $2,996 | $3,511 |
| Wisconsin | $1,549 | $2,027 | $2,478 | $2,822 |
| Wyoming | $1,751 | $2,436 | $3,176 | $3,883 |
*Some state rates will vary based on the addition of a hurricane deductible and may be much higher when included.
How much is homeowners insurance per month?
On average, home insurance costs about $231 per month, but the price depends on the coverage level.
| Average rate | Dwelling coverage | Liability |
|---|---|---|
| $185 | $200,000 | $100,000 |
| $186 | $200,000 | $300,000 |
| $230 | $300,000 | $100,000 |
| $231 | $300,000 | $300,000 |
| $268 | $400,000 | $100,000 |
| $269 | $400,000 | $300,000 |
| $298 | $500,000 | $100,000 |
| $300 | $500,000 | $300,000 |
| $319 | $600,000 | $100,000 |
| $320 | $600,000 | $300,000 |
How are homeowners insurance rates calculated?
The biggest factors influencing the cost of homeowners insurance are:
- Your home’s location. Allows the insurance company to look at the risk factors in that area.
- Your home’s value. Bear in mind that the value for insurance isn’t the same as the market value.
- Cost to rebuild. The cost to rebuild your home if it were completely destroyed.
- Construction costs. Local construction costs, including building materials availability and price, and building regulations, among other factors.
- Your home’s age. Older homes may have more risks, such as outdated wiring.
- Risk exposure. Risk exposure on your property, for instance, from a swimming pool, trampoline, guest house, or aggressive dog breed.
- Fire protection. Your neighborhood’s fire protection rating )how close your home is to a fire station.)
- Claim history. Your personal and neighborhood claims history, as well as the previous homeowner’s claim history
- Insurance score. Your insurance score is based, in part, on your credit score (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.
Best home insurance companies
With every type of insurance coverage, it's true that the cheapest policy isn't always the wisest choice. You want an insurance company that is financially healthy, and that has a good reputation for service.
Insurance.com’s ranking provides an in-depth look at the best home insurance companies in 2023 based on a number of factors. Insurance.com ranked the major insurance companies for average price, AM Best rating, and based on a survey of customers performed by our sister site, Insure.com. Here are the results of that analysis.
| Company Name | Rating (out of 5) |
|---|---|
| State Farm | 4.6 |
| Auto-Owners | 4.0 |
| Travelers | 3.6 |
| Allstate | 3.5 |
| Erie | 3.4 |
| Progressive | 3.1 |
| Nationwide | 3.0 |
| American Family | 2.9 |
| Farmers | 2.4 |
While USAA rated highly, it's not ranked because of its military eligibility requirements. Of course, the best homeowners insurance company for you will depend on personal factors. That’s why it’s best to compare policies and quotes for your specific needs before you choose a company.
Frequently asked questions: Average home insurance cost
Why did my home insurance go up?
Home insurance rates go up for a lot of reasons. A lot of claims in your area or increased risk of severe weather, increases in building costs and factors related to you, like a claim you filed, can all increase rates. Call you insurance company for an explanation of your rate increase.
Why is my home insurance so high?
There are a lot of factors that go into home insurance rates. If you've filed a lot of claims, have poor credit or there are high-risk factors in or around your home, your rates will be higher. Location also makes a big difference.
“Homeowner rates are based on actual and anticipated losses across the state, so if a state is prone to natural disasters, it will push up the cost of insurance for everyone in the state,” Barry says. “It will have the biggest impact on areas where natural disasters tend to hit most often, coastal areas, for example.”
How much should home insurance go up each year?
There's no set amount for home insurance increases, as so many factors are involved. However, you can expect an increase annually as the cost of rebuilding your home goes up over time.
Methodology
Insurance.com compared homeowners insurance rates in 2022 provided by Quadrant Data Solutions for dwelling coverage ranging from $200,000 to $600,000 with liability limits of $100,000 and $300,000 and a deductible of $1,000 for all available ZIP codes. ZIP codes were ranked based on the average rates for dwelling coverage of $300,000, liability coverage of $300,000, and a $1,000 deductible and included all credit ratings. Content was updated in 2023.
