How much is homeowners insurance on a $400,000 house?

The average home insurance cost for a 400k house is $3,231 a year. The average home insurance cost varies not only based on the dwelling coverage, which is the replacement cost of the home, but also based on factors like the state where you live. Home insurance rates by state differ quite a bit.

How much is home insurance a month for a $400,000 house?

The average cost of home insurance per month for a $400k house is $269.

If you’re working out your monthly budget, it may be easier to see the average home insurance cost per month. Although the simple way to calculate your monthly home insurance cost is to take the annual costs shown above and divide them by 12, there may be fees added to your premiums when you pay monthly.

Many people pay their home insurance as part of their monthly mortgage payment; the mortgage company pays it annually from an escrow account and then charges you monthly.

Average homeowners insurance on a $400,000 home, by state

Take a look at the average cost of home insurance for a $400K home by state, based on $400,000 of dwelling coverage, $300,000 of liability and a $1,000 deductible.

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AL AK AZ AR CA CO CT DC DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY
Average home insurance for 400k house by state
State$400,000 with a $1,000 deductible and $300,000 liabilityHurricane deductible
Alaska$2,064None
Alabama$3,8722%
Arkansas$4,795None
Arizona$3,063None
California$1,772None
Colorado$4,976None
Connecticut$2,7232%
Washington, D.C.$1,7032%
Delaware$1,7292%
Florida$5,5162%
Georgia$2,8822%
Hawaii$791None
Iowa$3,230None
Idaho$2,449None
Illinois$3,693None
Indiana$3,720None
Kansas$6,220None
Kentucky$4,246None
Louisiana$4,5642%
Massachusetts$1,9982%
Maryland$2,1312%
Maine$1,7412%
Michigan$3,063None
Minnesota$2,999None
Missouri$4,370None
Mississippi$4,2202%
Montana$4,065None
North Carolina$3,6782%
North Dakota$3,898None
Nebraska$5,959None
New Hampshire$1,4882%
New Jersey$1,8942%
New Mexico$3,489None
Nevada$1,853None
New York$2,3492%
Ohio$2,621None
Oklahoma$7,294None
Oregon$2,185None
Pennsylvania$2,3162%
Rhode Island$2,3812%
South Carolina$3,3352%
South Dakota$4,275None
Tennessee$3,768None
Texas$4,7442%
Utah$2,161None
Virginia$2,7522%
Vermont$1,555None
Washington$2,017None
Wisconsin$2,038None
West Virginia$2,354None
Wyoming$2,490None

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

Home insurance calculator

Average home insurance rates in Florida
$200,000
$200,000 $300,000 $400,000 $600,000 $1,000,000
$100,000
$100,000 $300,000
Standard ($1000)
Standard ($1000) Hurricane (2% of insured value)

Most & least expensive ZIP codes for homeowners insurance in Florida

Most expensive

ZIP codeCityHighest rate
33012Hialeah$3,816
33016Hialeah$3,813
33018Hialeah$3,797
33013Hialeah$3,788

Least expensive

ZIP codeCityLowest rate
34609Spring Hill$1,110
34613Brookridge$1,114
34604Brooksville$1,116
34601Brooksville$1,132
Data updated in 2024
Read our full methodology

Homeowners insurance on a $400,000 home, by company

Based on a recent data analysis, Allstate offers the cheapest homeowners insurance at $2,470 a year for a $400K dwelling coverage without a hurricane deductible. However, American Family offers the cheapest home insurance at $1,497 per year for $400K dwelling coverage, along with a 2% hurricane deductible if you live in a hurricane-prone area.

Home insurance rates vary depending on the company you choose, along with other factors. What’s the cheapest home insurance company at $400,000 in dwelling coverage? Take a look at rates from some of the best home insurance companies below.

Average homeowners insurance on 400k home, by company
Company Group$400,000 with a $1,000 deductible and $300,000 liability and 2% hurricane$400,000 with a $1,000 deductible $300,000 liability and None hurricane
Allstate$2,517$2,470
American Family$1,497$3,035
Auto-Owners$2,218$2,616
Farmers$4,166$4,145
Nationwide$3,563$3,483
Progressive$3,863$3,952
State Farm$2,745$2,611
Travelers$3,772$4,495
USAA$2,943$3,002

Homeowners insurance on a $400,000 home, by liability level

The dwelling coverage amount has far more impact on your rates than how much liability you have, which is a good argument for increasing your home insurance liability limits. Take a look at the difference in rates with $100,000 or $300,000 in liability.

Home insurance cost for 400k house, by liability limits
State$400,000 with a $1,000 deductible and $100,000 liability$400,000 with a $1,000 deductible and $300,000 liabilityHurricane deductible
Alaska$2,051$2,064None
Alabama$3,852$3,8722%
Arkansas$4,787$4,795None
Arizona$3,038$3,063None
California$1,752$1,772None
Colorado$4,976$4,976None
Connecticut$2,695$2,7232%
Washington, D.C.$1,688$1,7032%
Delaware$1,709$1,7292%
Florida$5,520$5,5162%
Georgia$2,863$2,8822%
Hawaii$771$791None
Iowa$3,217$3,230None
Idaho$2,438$2,449None
Illinois$3,672$3,693None
Indiana$3,696$3,720None
Kansas$6,201$6,220None
Kentucky$4,232$4,246None
Louisiana$4,546$4,5642%
Massachusetts$1,979$1,9982%
Maryland$2,123$2,1312%
Maine$1,724$1,7412%
Michigan$3,047$3,063None
Minnesota$2,977$2,999None
Missouri$4,354$4,370None
Mississippi$4,207$4,2202%
Montana$4,039$4,065None
North Carolina$3,670$3,6782%
North Dakota$3,885$3,898None
Nebraska$5,942$5,959None
New Hampshire$1,476$1,4882%
New Jersey$1,873$1,8942%
New Mexico$3,480$3,489None
Nevada$1,827$1,853None
New York$2,307$2,3492%
Ohio$2,603$2,621None
Oklahoma$7,164$7,294None
Oregon$2,170$2,185None
Pennsylvania$2,286$2,3162%
Rhode Island$2,363$2,3812%
South Carolina$3,323$3,3352%
South Dakota$4,259$4,275None
Tennessee$3,751$3,768None
Texas$4,736$4,7442%
Utah$2,149$2,161None
Virginia$2,738$2,7522%
Vermont$1,538$1,555None
Washington$2,001$2,017None
Wisconsin$2,023$2,038None
West Virginia$2,324$2,354None
Wyoming$2,478$2,490None

Homeowners insurance on a $400,000, by credit rating

Your credit rating affects home insurance rates more than you’d think. There are only a handful of states where using credit isn’t allowed. Here’s a look at homeowners insurance premiums for a $400,000 policy by credit rating. 

Average home insurance cost for 400k house, by credit rating
Credit tier alignment level$400,000 with a $1,000 deductible $300,000 liability and 2% hurricane$400,000 with a $1,000 deductible and $300,000 liability and no hurricane
Excellent$2,621$2,724
Fair$3,904$4,192
Good$3,233$3,433
None$2,051$1,893
Poor$5,537$5,763

Shop around to save on home insurance

The best way to get a good price on home insurance is to shop around and compare rates from as many companies as possible. Ask about home insurance discounts, including home and auto bundling, and other ways to save, but ensure you have the right amount of coverage.

While underinsured your home might save you money, it will cost a lot more if you have to file a claim

Methodology

Insurance.com commissioned Quadrant Information Institute to get homeowners insurance rates for $400,000 in dwelling coverage, $300,000 in liability, a $1,000 deductible, and a 2% hurricane deductible in 20 states.  To get these rates, we have compared 20,739,560 insurance quotes across 34,588 ZIP codes from 62 company groups. The rates are for comparison purposes only, your exact rates may vary.