Homeowners insurance costs an average of $1,915 a year, or about $160 a month, according to NerdWallet’s analysis. However, this is just a benchmark.
Our sample policy was for a 40-year-old homeowner with good credit, $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible. The cost of your homeowners insurance will depend on your location, the size of your house and how much coverage you need.
We’ve analyzed pricing data from more than 100 insurance companies to bring you the average homeowners insurance cost in every state and the largest U.S. cities.
Why you can trust NerdWallet
Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate inaccuracies in pricing data and may update rates for accuracy as new information becomes available.
We include rates from every locale in the country where coverage is offered and data is available. When comparing rates for different coverage amounts and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing. Read our methodology.
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How much is home insurance in your state?
Where you live is a big factor in how much you’ll pay for homeowners insurance. Hover over your state on the map below to see the average home insurance cost.
Average homeowners insurance rates vary widely. Our analysis found that the average home insurance cost is less than $1,000 in Hawaii, Delaware and Vermont. Meanwhile, states such as Oklahoma, Nebraska and Texas have average annual rates above $4,000.
Here are annual and monthly average home insurance costs by state.
State | Average annual cost | Average monthly cost |
|---|---|---|
National average | $1,915 | $160 |
Alabama | $3,140 | $262 |
Alaska | $1,160 | $97 |
Arizona | $2,135 | $178 |
Arkansas | $3,355 | $280 |
California | $1,250 | $104 |
Colorado | $3,820 | $318 |
Connecticut | $1,575 | $131 |
Delaware | $860 | $72 |
Florida | $2,625 | $219 |
Georgia | $2,345 | $195 |
Hawaii | $515 | $43 |
Idaho | $1,510 | $126 |
Illinois | $2,060 | $172 |
Indiana | $1,975 | $165 |
Iowa | $2,215 | $185 |
Kansas | $3,570 | $298 |
Kentucky | $2,190 | $183 |
Louisiana | $2,240 | $187 |
Maine | $1,075 | $90 |
Maryland | $1,700 | $142 |
Massachusetts | $1,545 | $129 |
Michigan | $1,785 | $149 |
Minnesota | $2,375 | $198 |
Mississippi | $3,475 | $290 |
Missouri | $2,905 | $242 |
Montana | $2,605 | $217 |
Nebraska | $4,135 | $345 |
Nevada | $1,290 | $108 |
New Hampshire | $1,000 | $83 |
New Jersey | $1,150 | $96 |
New Mexico | $1,595 | $133 |
New York | $1,715 | $143 |
North Carolina | $1,975 | $165 |
North Dakota | $2,445 | $204 |
Ohio | $1,390 | $116 |
Oklahoma | $5,495 | $458 |
Oregon | $1,255 | $105 |
Pennsylvania | $1,410 | $118 |
Rhode Island | $2,070 | $173 |
South Carolina | $2,250 | $188 |
South Dakota | $2,810 | $234 |
Tennessee | $2,435 | $203 |
Texas | $4,400 | $367 |
Utah | $1,140 | $95 |
Vermont | $870 | $73 |
Virginia | $1,445 | $120 |
Washington | $1,225 | $102 |
Washington, D.C. | $1,190 | $99 |
West Virginia | $1,600 | $133 |
Wisconsin | $1,300 | $108 |
Wyoming | $1,555 | $130 |
Here are the cheapest states for homeowners insurance:
Hawaii: $515 a year, or about $43 a month, on average.
Delaware: $860 a year, or about $72 a month, on average.
Vermont: $870 a year, or about $73 a month, on average.
New Hampshire: $1,000 a year, or about $83 a month, on average.
Maine: $1,075 a year, or about $90 a month, on average.
These are the most expensive states for homeowners insurance:
Oklahoma: $5,495 a year, or about $458 a month, on average.
Texas: $4,400 a year, or about $367 a month, on average.
Nebraska: $4,135 a year, or about $345 a month, on average.
Colorado: $3,820 a year, or about $318 a month, on average.
Kansas: $3,570 a year, or about $298 a month, on average.
» MORE: The cheapest homeowners insurance
News update: Homeowners insurance rates are rising especially quickly in certain parts of the country where disasters like tornadoes, hurricanes and wildfires are growing more common. Last year, a record-breaking 28 disasters caused at least $1 billion each in damages, according to the National Oceanic and Atmospheric Administration. See how to protect your home from climate change.
How much is homeowners insurance in your city?
We analyzed prices in 20 of the largest metropolitan areas in the U.S. to find the average homeowners insurance cost in each city. Houston had the most expensive average rate at $6,610 a year. Meanwhile, San Jose, California, was the cheapest city on the list, with an average annual rate of $1,055.
City | Average annual cost | Average monthly cost |
|---|---|---|
Atlanta | $2,470 | $206 |
Austin | $2,840 | $237 |
Chicago | $2,665 | $222 |
Dallas | $5,045 | $420 |
Denver | $4,235 | $353 |
Fort Worth, Texas | $5,335 | $445 |
Houston | $6,610 | $551 |
Indianapolis | $2,060 | $172 |
Las Vegas | $1,360 | $113 |
Los Angeles | $1,485 | $124 |
Miami | $5,315 | $443 |
Minneapolis | $2,515 | $210 |
New York | $2,495 | $208 |
Orlando | $2,760 | $230 |
Philadelphia | $1,910 | $159 |
Phoenix | $2,560 | $213 |
San Antonio | $3,590 | $299 |
San Diego | $1,205 | $100 |
San Jose, California | $1,055 | $88 |
Seattle | $1,185 | $99 |
Average homeowners insurance cost by company
We looked at average rates from some of the largest homeowners insurance companies in the U.S. by market share.
State Farm came in as the cheapest widely available company on the list, with an average annual rate of $1,935. (Military insurer USAA had even less expensive policies at $1,875 per year, on average.) Meanwhile, Farmers was the most expensive, with an average annual rate of $2,415.
Here are average annual home insurance rates for some of the largest companies. Note that some may not offer homeowners insurance in your state. Click on each company’s name to read our review.
Company | Average annual cost | Average monthly cost |
|---|---|---|
State Farm | $1,935 | $161 |
Travelers | $2,010 | $168 |
Allstate | $2,205 | $184 |
Nationwide | $2,270 | $189 |
American Family | $2,300 | $192 |
Farmers | $2,415 | $201 |
USAA* | $1,875 | $156 |
*USAA homeowners insurance is available only to active-duty military, veterans and their families. | ||
» MORE: The best homeowners insurance
Average home insurance cost by dwelling coverage amount
One of the biggest factors in how much your homeowners policy costs is how much dwelling coverage you need. Dwelling coverage is the part of your policy that pays to rebuild the structure of your home if it’s damaged or destroyed.
If your house is large or has high-end features, it’ll cost more to rebuild and you’ll need more dwelling coverage. Below are average home insurance costs for four amounts of coverage.
Dwelling coverage amount | Average annual insurance cost |
|---|---|
$200,000 | $1,420 |
$300,000 | $1,915 |
$400,000 | $2,405 |
$500,000 | $2,935 |
Average homeowners insurance cost by claims history
If you have previous homeowners insurance claims, you’ll likely pay a higher rate. Here’s how filing a claim could affect your homeowners insurance costs.
Number of claims | Average annual insurance cost |
|---|---|
$1,915 | |
1 | $2,090 |
Average homeowners insurance cost by home age
Older homes often cost more to insure than new ones because they typically don’t have the safety features that newer homes do, and repairs can be costly. See below to compare the average annual cost of insuring a new home versus an older home. (Coverage limits were the same for all three houses.)
Date home was built | Average annual insurance cost |
|---|---|
1955 | $1,910 |
1984 | $1,915 |
2023 | $1,130 |
What does a home insurance rate include?
Homeowners insurance policies typically include six standard types of coverage.
Dwelling coverage pays for damage to your home from a covered event, such as a fire or windstorm.
Other structures coverage pays to repair or replace structures on your property that aren't attached to your house, such as a fence or shed.
Personal property coverage pays for stolen or damaged belongings.
Loss of use, or additional living expenses coverage, pays for you to stay elsewhere when your home is uninhabitable due to covered damage.
Personal liability coverage pays if you accidentally injure someone or damage their property.
Medical payments coverage pays medical bills for anyone injured on your property, no matter who's at fault.
» MORE: What does homeowners insurance cover?
How to reduce the cost of homeowners insurance
Insurers use a variety of factors to set homeowners insurance rates. For example, you might pay more if you live in a neighborhood with a high crime rate or an area prone to hurricanes. You’ll also have higher rates if you have a larger home that needs more coverage.
Did you know...
Inflation doesn't just affect gas and food prices. Homeowners insurance rates are also going up because it's gotten more expensive to repair and rebuild houses after they're damaged. That's why you may see a higher homeowners premium at your next renewal, even if you haven't filed any recent claims.
Some insurers will charge more for things like installing a swimming pool or having a dog breed they consider aggressive. (They see these scenarios as potential liability claims if someone gets hurt.)
Aside from selling your house or getting rid of your furry pal, there are many ways to reduce what you pay for homeowners insurance.
Shop around
Getting home insurance quotes annually is the best way to ensure you’re still getting the best possible deal. We recommend comparing rates from at least three companies. Make sure the coverage limits and deductibles are similar on all three policies to get a fair comparison.
If you're not up for shopping around yourself, contact an independent agent or broker to get quotes on your behalf.
Raise your deductible
A higher home insurance deductible will mean a lower rate. Raising your deductible from $1,000 to $2,500 can save you more than 12% a year on average, according to NerdWallet’s rate analysis. Make sure you have enough cash tucked away to pay it if you need to file a claim.
Ask about discounts
Many insurers offer discounts to help customers get lower homeowners insurance rates, such as:
Multiple policies. If you bundle your homeowners insurance with another policy, such as car insurance, you could get a discount. See the best home and auto bundles.
Safety and security devices. You could save money by equipping your home with fire alarms, deadbolts, security cameras and other protective devices. Some companies also offer discounts for certain smart-home devices.
Claims-free. Many insurers offer a discount to homeowners who haven’t filed a claim recently, typically in the past three to five years.
» MORE: How to shop for homeowners insurance
Upgrade your home
Certain renovations — such as updating an electrical or plumbing system — could lower homeowners insurance costs. Getting a new roof could also net you a discount, especially if it’s resistant to wind and/or hail.
Build your credit
In most states, insurers can use your credit-based insurance score (similar to your FICO score) to set rates. Because some studies have shown a correlation between poor credit and filing claims, those with a checkered credit history may pay more for homeowners insurance.
For example, the sample homeowner in our rate analysis has good credit and would pay $1,915 a year for insurance, on average. For the same house and coverage limits, a homeowner with poor credit would pay $3,320, on average — a 73% jump. Though it may take time, building your credit could save you a lot on homeowners insurance over the long run.
Using credit to set homeowners, renters, condo and mobile home insurance prices is not allowed in California, Maryland and Massachusetts.
» MORE: How your credit score affects homeowners insurance
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» MORE: The average cost of condo insurance
Frequently asked questions
Why is home insurance so expensive?
Your homeowners insurance might cost more than expected if your home is older, your region is at high risk for natural disasters or you have poor credit, among other factors. Insurers are also raising rates because climate change is making certain types of disasters more severe. But every insurance company prices policies a little differently. So if you’re unhappy with your rate, get quotes from at least three other companies to see whether you can find a better deal.
How can I save money on homeowners insurance?
Most carriers offer discounts if you buy more than one policy or if you safeguard your home with a burglar alarm or sprinkler system. Opting for a higher deductible can also save you money, as long as it’s an amount you could cover in a disaster.
Is home insurance cheaper if you pay yearly?
Some companies offer discounts if you pay your premium in full upfront rather than in monthly installments.
