We tell you how much different levels of homeowners insurance may cost as well as what factors determine how much homeowners insurance will cost you.
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.
Discover the average home insurance cost in your area and find out how to get a lower price for your policy.
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 ...
How much should you expect to pay for home insurance? See average homeowners insurance costs by state and by company, and find out what's covered by a standard policy.
NerdWallet analyzed data from over 100 insurance companies to find the average homeowners insurance cost in the U.S. and every state.
Homeowners insurance rates rising ; Why home insurance rates are rising · Where homeowners rates rose the most · How to save on home insurance · FAQs
Article Highlights ; Ninth District states prone to strong winds, hail, and wildfire see highest premium increases ; To limit premium increases, insurers are reducing coverage and raising rates more in disaster-prone areas ; Homeowners are shopping around more, reducing coverage, and even not buying insurance
Florida city, Average annual premium for $300K dwelling coverage ; Fort Lauderdale, $11,368 ; Hollywood, $11,671 ; Miramar Beach, $5,570 ; Pompano Beach, $11,106 ; West Palm Beach, $10,337
The national average homeowners insurance cost is $1,411 and has been steadily increasing each year. ✓ Get details and learn how to keep costs down!