Geographic location: A home in an area prone to disasters—such as hurricanes, tornadoes, earthquakes, or wildfires—will likely cost more to insure. ; Coverage selections: The coverage limits, deductibles, and optional coverages/riders you choose can all affect the cost of your policy. ; Construction materials: Homes built with materials resistant to fire, wind, storms, and other hazards may cost less to insure.
The average annual cost of U.S. homeowners insurance is $2,728 — or $227 per month, according to data from Quadrant Information Services. However, the rate you will pay depends on a variety of factors that pinpoint risks for you and your home. Auto-Owners is the most affordable home insurance provider based on the MarketWatch Guides team’s research. Nebraska, Louisiana and Oklahoma have the highest U.S. average annual home insurance premiums.
Key insights from Bankrate's 2024 home insurance rates analysis: On average, the most expensive states for homeowners insurance are Nebraska, Florida and Oklahoma, while the least expensive states are Vermont, Nevada and Delaware. While inflation has slowed down since its peak, insurance rates are reactionary. The cost of home insurance is still increasing due to the impact inflation has had on the previous losses experienced by the insurance company, the elevated cost of building materials and ...
This Nationwide homeowners insurance review covers the company's homeowners insurance. Homeowners can purchase online, via insurance agents, or over the phone, and bundling options are strong.
Erie homeowners insurance is available in some Eastern US states. It offers standard dwelling, personal belonging, and other coverage along with popular riders to customize your coverage.
Homeowners insurance premiums have soared since 2023, especially in the South and West. Follow these tips to lower your rates.
Homeowners insurance protects your dwelling, other structures, and home contents. It also covers the homeowner if they are sued for liability.
NerdWallet analyzed data from over 100 insurance companies to find the average homeowners insurance cost in the U.S. and every state.
While homeowners insurance is more expensive in Florida, these top companies can help you save.
Check out the best homeowners insurance companies in Florida and discover the average cost of a policy.