top of page

How much does homeowners insurance cost?

For 2017, the average price for a 12-month Home policy from  $604 in Utah to $2,006 in Louisiana ($50-$167/month). Your price can depend on the type and age of your home/roof, your location, and more.

                                                                                             ----- Progressive

Average cost of homeowners insurance by state

Low-cost state

Average monthly price: $69
Twelve-month average: $828

States included: Arizona, Delaware, District of Columbia, Indiana, Iowa, Maine, Maryland, Michigan, Nevada, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, Utah, Washington, West Virginia, and Wisconsin.

Why these are the most affordable states

Favorable weather: Most of these states aren't coastal, which means they aren't as susceptible to extreme weather conditions.

Lower home values: The median home values in these states will be typically less than other states, which means lower dwelling coverage amounts and equates to lower home insurance rates.

Cheaper construction costs: Building materials are generally more affordable in these states.

Medium-cost states

Average monthly price: $97

Twelve-month average: $1,162

States included: California, Georgia, Kentucky, Illinois, Mississippi, Missouri, Nebraska, New Jersey, New York, North Dakota, South Carolina, Tennessee, and Virginia.

Why these states rank in the middle per cost

Fairly favorable weather: This group of states usually won't be affected by catastrophic weather as often as high-cost states.

Higher home values: The median home values in these states are generally greater than those in low-priced states, which means more dwelling coverage is needed.

High-cost states

Average monthly price: $125

Twelve-month average: $1,498

States included: Alabama, Colorado, Connecticut, Florida, Massachusetts, Kansas, Louisiana, Minnesota, Oklahoma, and Texas.

Why these are the most expensive states

Severe weather issues: Tornadoes, hurricanes, and hail are usually more common in these 10 states, making them the biggest risks from a home insurance perspective.

---- This article is retrieved from Progressive Website

Please note: The above is meant as general information to help you understand the different aspects of insurance. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provisions, limitations, or exclusions expressly stated in any insurance policy. Descriptions of all coverages and other features on this page are necessarily brief; in order to fully understand the coverages and other features of a specific insurance policy, we encourage you to read the applicable policy and/or speak to an insurance representative. Coverages and other features vary between insurers, vary by state, and are not available in all states. Whether an accident or other loss is covered is subject to the terms and conditions of the actual insurance policy or policies involved in the claim. References to average or typical premiums, amounts of losses, deductibles, costs of coverages/repair, etc., are illustrative and may not apply to your situation. We are not responsible for the content of any third-party sites linked from this page.


Article source:

Need more details? Contact us

We are here to assist. Contact us by phone, email or via our Social Media channels.

bottom of page