How much is homeowners insurance on a $200,000 house?

Q: Does bundling home and auto insurance lower premiums for a $200k home?

Yes , bundling your home and auto insurance coverage will earn you a discount on both policies. However, that doesn't mean that you'll get the lowest rate for your home overall. Sometimes it's cheaper to buy each policy separately.

How much is homeowners insurance for a $200,000 house?

The average annual cost of home insurance for a $200,000 house is $1,920 which is $160 per month. That includes dwelling coverage of $200,000, liability coverage of $300,000 and a $1,000 deductible. How much you pay for home insurance depends on the coverage you need.

Homeowners insurance on a $200,000 house
Coverage	Average home insurance cost
$200k dwelling, $300k liability, $1,000 deductible	$1,920

Cheap homeowners insurance on a $200,000 house

Allstate has the lowest rates at the $200,000 dwelling coverage level at $1,717. Progressive has the highest average rates at $3,412. These rates will be impacted by where you live and other factors.

Cheap homeowners insurance for a $200k house
Company	$200,000 with $1,000 deductible and $300,000 liability
Erie Insurance	$1,888
State Farm	$1,915
Allstate	$1,717
Auto-Owners	$2,249
USAA	$1,798
American Family	$2,076
Nationwide	$2,219
Farmers	$2,032
Progressive	$3,412
Travelers	$1,771

Average cost of homeowners insurance on a $200,000 home by state

Average house insurance cost varies not only based on the replacement cost of the home but also based on other factors like where the house is located; home insurance rates vary by state.

Below, you’ll find the average cost of home insurance for a $200k house by state. These rates are based on coverage limits of $200,000 for the dwelling, $300,000 of liability and a $1,000 deductible.

$200k homeowners insurance calculator

Home insurance calculator by ZIP code

Average home insurance rates on 200K house 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

What are the five cheapest states for homeowners insurance on a $200,000 home?

The five cheapest states to insure a home at $200,000 in dwelling coverage are:

Hawaii: $500 a year, $1,420 below average
Vermont: $819 a year, $1,101 below average
Maine: $990 a year, $930 below average
New Hampshire: $998 a year, $922 below average
New Jersey: $1,047 a year, $873 below average

Washington, D.C., although not a state, is also among the cheapest. See each state's average annual premium

It's worth noting that home insurance costs less in these states overall, so homeowners insurance premiums there are generally affordable at any coverage level. That's a large part of why homeowners insurance on a $200k home is cheaper in these states.

Homeowners insurance on a $200,000 home by liability level

The amount of your dwelling coverage impacts your rates more than how much liability you have, which means increasing your homeowners liability limits is a cheap way to get a lot more coverage. Take a look at the difference in rates with $100,000 or $300,000 in liability.

Map

Table

State	$200,000 with $1,000 deductible and $100,000 liability	$200,000 with $1,000 deductible and $300,000 liability
Alaska	$1,082	$1,094
Alabama	$2,737	$2,747
Arkansas	$2,901	$2,914
Arizona	$1,800	$1,821
California	$1,197	$1,214
Colorado	$3,633	$3,645
Connecticut	$1,413	$1,444
Washington, D.C.	$1,173	$1,160
Delaware	$1,054	$1,070
Florida	$5,260	$5,276
Georgia	$1,773	$1,789
Hawaii	$483	$500
Iowa	$2,196	$2,214
Idaho	$1,664	$1,680
Illinois	$2,039	$2,050
Indiana	$2,196	$2,213
Kansas	$3,804	$3,823
Kentucky	$3,150	$3,163
Louisiana	$4,344	$4,377
Massachusetts	$1,146	$1,158
Maryland	$1,479	$1,487
Maine	$972	$990
Michigan	$2,229	$2,249
Minnesota	$1,962	$1,992
Missouri	$3,025	$3,059
Mississippi	$1,963	$1,975
Montana	$2,387	$2,414
North Carolina	$1,962	$1,972
North Dakota	$2,321	$2,333
Nebraska	$3,524	$3,548
New Hampshire	$986	$998
New Jersey	$1,028	$1,047
New Mexico	$1,972	$1,982
Nevada	$1,295	$1,327
New York	$1,226	$1,248
Ohio	$1,682	$1,694
Oklahoma	$3,506	$3,513
Oregon	$1,206	$1,223
Pennsylvania	$1,150	$1,164
Rhode Island	$1,816	$1,832
South Carolina	$2,159	$2,170
South Dakota	$2,816	$2,831
Tennessee	$2,199	$2,209
Texas	$2,967	$3,118
Utah	$1,380	$1,392
Virginia	$1,658	$1,671
Vermont	$804	$819
Washington	$1,361	$1,377
Wisconsin	$1,336	$1,365
West Virginia	$1,456	$1,479
Wyoming	$1,460	$1,470

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

People ask

How does adding additional coverage affect home insurance rates for a $200k house?

Any additional coverage you add to your policy will come with an additional premium; how much depends on the type and amount of the coverage.

How much is home insurance on a $200,000 house per month?

Based on the average annual rate of $1,920, the average cost of insurance per month for a $200k home is $160.

Graph

Table

Average homeowners insurance cost for $200k house
Coverage	Average cost of insurance
Monthly	$160
Annual	$1,920

To figure out your monthly budget, knowing the average home insurance cost per month is helpful. The easiest way to calculate your monthly home insurance cost is to divide the annual costs shown above by 12; however, there may be fees added to your premiums when you pay monthly.

It’s common to pay for your home insurance as part of your monthly mortgage payment. The mortgage company pays it annually from an escrow account and then charges you each month.

People ask

Is $200,000 enough dwelling coverage?

Yes, if that's the calculated replacement cost of your home. Always buy coverage based on replacement cost, not market value.

What does $200,000 in dwelling coverage actually cover?

If you have $200,000 in dwelling coverage, that is the limit of how much your insurance company will pay to repair or replace your home.

Dwelling coverage covers the actual structure of the home, which includes:

The frame and foundation
The roof, siding, and windows
All internal materials, including the flooring, counters, cabinets, bathroom fixtures, light fixtures and features like fireplaces
Attached structures like a garage, porch, or deck

Homeowners insurance on a $200,000 house vs. other coverage levels

The amount of dwelling coverage you need largely determines how much you pay for home insurance. Even if your home cost $200,000, you may need a higher level of dwelling coverage. Take a look at the table below to see how insurance cost increases along with dwelling coverage by company.

Company	$200,000	$300,000	$400,000	$600,000	$1,000,000
Allstate	$1,717	$2,049	$2,384	$3,110	$4,356
American Family	$2,076	$2,759	$3,473	$4,867	$6,825
Auto-Owners	$2,249	$2,840	$3,466	$4,642	$6,819
Erie Insurance	$1,888	$2,783	$3,526	$4,927	$6,743
Farmers	$2,032	$2,820	$3,667	$5,377	$8,048
Nationwide	$2,219	$2,983	$3,752	$5,342	$7,761
Progressive	$3,421	$4,227	$4,951	$6,624	$8,699
State Farm	$1,915	$2,448	$2,926	$3,913	$5,297
Travelers	$1,771	$2,235	$2,708	$3,754	$5,658
USAA	$1,798	$2,401	$2,939	$3,957	$5,433

Homeowners insurance for a $200,000 house by credit rating

Homeowners with excellent credit will pay, on average, $1,659 a year, or $2,494 less than those with poor credit. Your credit history affects your home insurance rates in most states. Here’s a look at homeowners insurance premiums for a $200,000 policy for scores ranging from poor to excellent credit.

Credit tier alignment level	$200,000 with $1,000 deductible and $300,000 liability
Excellent	$1,659
Fair	$2,460
Good	$1,999
Poor	$4,153

*This average differs from the overall national average due to state differences in the use of credit for home insurance rating. States where credit is not permitted in home insurance rating are excluded from this average.

How much coverage do you need for a $200,000 house?

To properly insure your home, you need enough coverage to rebuild it at today's prices. Dwelling coverage for a $200,000 house depends on a calculation of that amount, not on what you paid for the home.

You may need more or less than $200,000 in dwelling coverage, depending on the size, construction type and features of your home. Insurance companies can provide you with a replacement cost coverage calculation, or you can use an appraisal.

Does a $200,000 home require replacement cost coverage?

Yes, all homes should have replacement cost coverage regardless of selling price. A standard HO-3 homeowners insurance policy includes replacement cost coverage for the dwelling.

Without replacement cost coverage, your home would only be covered for actual cash value, which takes into account depreciation, and isn't enough to rebuild your home.

Factors that impact homeowners insurance rates on a $200k home

The replacement cost of your home is a big factor when it comes to rates, but there are other factors that will impact your insurance costs as well. They include:

The location of your home. Homes in high-risk areas, such as wildfire or coastal areas, cost more to insure.
The company you choose. As you can see from the data above, rates vary by insurer.
Risks on your property. If you have a swimming pool or other risks, rates will be higher.
Coverage and deductibles. If you add extra coverage, like valuable personal property, for example, your rates will be higher. Higher deductibles mean lower rates and vice versa.
Your credit history. In most states, it's legal to use credit history as a rating factor for insurance. People with bad credit pay higher home insurance rates.

How to save on home insurance rates on a $200,000 home

To get the best price on your home insurance:

Shop around. The best way to save is to compare rates from as many companies as you can.
Ask about homeowners insurance discounts
Consider a home and auto bundle to reduce your rates.
Increase your deductible. A higher deductible means lower rates, but make sure you can afford it.

It’s vital when looking for ways to save that you don’t underinsure your home. If something goes wrong, the out-of-pocket costs will be much higher than what you would have paid in premiums.

FAQ: Homeowners insurance on a $200,000 home

Is homeowners insurance required for a $200,000 home?

Homeowners insurance is not required by law in any state, but if you have a mortgage, your mortgage company will require it regardless of the value of your home.

Does bundling home and auto insurance lower premiums for a $200k home?

Yes, bundling your home and auto insurance coverage will earn you a discount on both policies. However, that doesn't mean that you'll get the lowest rate for your home overall. Sometimes it's cheaper to buy each policy separately.