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.
Homeowners insurance premiums have soared since 2023, especially in the South and West. Follow these tips to lower your rates.
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.
Getting a quote is quick and easy, but sometimes you want a homeowners insurance estimate. Use these tips to get a ballpark figure for your insurance premium.
Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate homeowners insurance products to write unbiased product reviews. A home is the biggest asset and the most significant expense for most Americans. Homeowners insurance will protect you from financial hardship if you need to rebuild or replace your home or the items in your home. Additionally, homeowners insurance covers your assets if you' ...
State, Average cost per year for $350,000 in dwelling coverage ; Alabama, $2,157 ; Alaska, $1,060 ; Arizona, $1,401 ; Arkansas, $3,055 ; California, $1,129 ; Colorado, $2,792 ; Connecticut, $1,298 ; Delaware, $987 ; Florida, $2,026 ; Georgia, $1,771
Dwelling coverage ; Personal property coverage ; Additional living expenses coverage ; More coverage options
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.
To assist in your search for the best homeowners insurance company, we selected our top 7 picks of 2024 based on primary research and data from AM Best, J.D. Power and more.
Homeowners insurance doesn't have to be complicated. Read our guide to find out what homeowners insurance companies do and how homeowners insurance works.