How much is homeowners insurance?
The average cost of homeowners insurance in the U.S. is $1,899 per year or $158 a month, according to our analysis of 2022 home insurance rate data across the country.
Policygenius analyzed home insurance rates for over 120 companies for nearly 35,000 ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old homeowner with $300,000 in dwelling coverage. Rates were provided by Quadrant Information Services in March 2022. You can check out our full methodology below.
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Select your state to see the average homeowners insurance rate
It’s important to keep in mind that how much you pay for home insurance will vary widely based on where you live, how old your home is, how much it’d cost to rebuild it, and your claims history. Continue reading to learn how different factors can impact how much homeowners insurance costs.
At Policygenius, our educational guides are written and fact-checked by licensed home insurance experts and reviewed by our Financial Review Council to ensure autonomy, expertise, and accuracy.
Our rates were determined by analyzing home insurance costs provided by Quadrant Information Services in March 2022 from insurance carriers across the country. You can trust our rates because our data analysts took steps to prevent inaccuracies and identified outliers that could skew results.
When analyzing costs for different coverage levels and risk factors, we changed just one variable at a time to ensure the rates we’re comparing are fair and representative of the factor at hand.
Average homeowners insurance cost by state
The average annual home insurance premium for a home with a dwelling coverage limit of $300,000.
| Alabama | $2,063 | $172 |
| Alaska | $1,446 | $120 |
| Arizona | $1,897 | $158 |
| Arkansas | $3,391 | $283 |
| California | $1,565 | $130 |
| Colorado | $2,496 | $208 |
| Connecticut | $1,571 | $131 |
| Delaware | $980 | $82 |
| District of Columbia | $1,154 | $96 |
| Florida | $2,643 | $220 |
| Georgia | $1,988 | $166 |
| Hawaii | $486 | $40 |
| Idaho | $1,363 | $114 |
| Illinois | $2,053 | $171 |
| Indiana | $2,045 | $170 |
| Iowa | $1,830 | $153 |
| Kansas | $3,159 | $263 |
| Kentucky | $2,705 | $225 |
| Louisiana | $2,719 | $227 |
| Maine | $1,103 | $92 |
| Maryland | $1,733 | $144 |
| Massachusetts | $1,382 | $115 |
| Michigan | $1,712 | $143 |
| Minnesota | $1,966 | $164 |
| Mississippi | $2,919 | $243 |
| Missouri | $2,876 | $240 |
| Montana | $2,778 | $231 |
| Nebraska | $4,567 | $381 |
| Nevada | $1,239 | $103 |
| New Hampshire | $974 | $81 |
| New Jersey | $926 | $77 |
| New Mexico | $1,792 | $149 |
| New York | $1,186 | $99 |
| North Carolina | $1,678 | $140 |
| North Dakota | $1,908 | $159 |
| Ohio | $1,586 | $132 |
| Oklahoma | $4,331 | $361 |
| Oregon | $943 | $79 |
| Pennsylvania | $1,303 | $109 |
| Rhode Island | $1,470 | $122 |
| South Carolina | $1,793 | $149 |
| South Dakota | $2,426 | $202 |
| Tennessee | $2,526 | $211 |
| Texas | $3,080 | $257 |
| Utah | $949 | $79 |
| Vermont | $1,046 | $87 |
| Virginia | $1,516 | $126 |
| Washington | $1,280 | $107 |
| West Virginia | $1,499 | $125 |
| Wisconsin | $1,211 | $101 |
| Wyoming | $1,599 | $133 |
→ Take a deeper dive into our homeowners insurance rates by state
| Albany | $1,025 | $85 |
| Atlanta | $2,051 | $171 |
| Austin | $2,196 | $183 |
| Charlotte | $1,605 | $134 |
| Colorado Springs | $3,104 | $259 |
| Columbus | $1,523 | $127 |
| Dallas | $3,559 | $297 |
| Denver | $3,104 | $259 |
| Houston | $3,143 | $262 |
| Indianapolis | $2,146 | $179 |
| Kansas City | $3,209 | $267 |
| Los Angeles | $2,021 | $168 |
| Memphis | $3,191 | $266 |
| Milwaukee | $1,302 | $109 |
| Nashville | $2,326 | $194 |
| New York City | $1,769 | $147 |
| Philadelphia | $1,992 | $166 |
| Sacramento | $1,401 | $117 |
| San Antonio | $2,365 | $197 |
| San Diego | $1,333 | $111 |
| San Francisco | $1,533 | $128 |
| Savannah | $2,210 | $184 |
| Seattle | $1,195 | $100 |
| St. Louis | $2,871 | $239 |
Top 5 most expensive states for homeowners insurance
The most expensive states for homeowners insurance premiums are Nebraska, Oklahoma, Arkansas, Kansas, and Texas. The average premium in these states is $3,706 — nearly double the national average.
A common theme in these states is high extreme weather risk for tornados and winter storms — both of which increase the likelihood of expensive claims. All five of these states are located in Tornado Alley. And Texas residents not only have tornadoes to contend with, but hurricanes as well.
| Nebraska | $4,567 | $381 |
| Oklahoma | $4,331 | $361 |
| Arkansas | $3,391 | $283 |
| Kansas | $3,159 | $263 |
| Texas | $3,080 | $257 |
If you live in one of these states, you can lower your rates by taking steps to fortify your home against extreme weather. This can include adding tornado-resistant window shutters, storm-grade garage doors or roof shingles, or trimming tree branches around your home to limit potential debris.
If you find that your rates are still unaffordable, consider increasing your policy deductible or re-shopping your homeowners insurance.
Top 5 cheapest states for homeowners insurance
The least expensive states for homeowners insurance are Hawaii, New Jersey, Oregon, Utah, and New Hampshire. The average annual premium in these states is $855 — around 45% less than the national average.
| Hawaii | $486 | $40 |
| New Jersey | $926 | $77 |
| Oregon | $943 | $79 |
| Utah | $949 | $79 |
| New Hampshire | $974 | $81 |
Your rates may be higher if you need extra coverage
Keep in mind the above rates don’t tell the full story, as they don’t take into account coverage add-ons or separate policies you may need to purchase for protection against earthquakes, wildfires, hurricanes, or windstorms.
For example, while rates are extremely low in Hawaii, this doesn’t factor in the cost of separate hurricane insurance you’ll be required to purchase if you have a mortgage.
And homeowners in Oregon who live in areas at high risk of wildfires may be denied coverage from a standard home insurance company altogether. In this case, you’d be forced to find coverage through a specialty insurer or the Oregon FAIR Plan, which are both typically more expensive.
Average homeowners insurance cost by company
Your home insurance rates will also differ by company — even for the same basic coverage amounts. That’s because each company prices risk in its own way. And some companies offer special perks or coverage add-ons in their base policy that others don’t, leading to higher base rates.
Based on our analysis of 2022 premiums for the home insurance companies we've reviewed, State Auto is the cheapest home insurance company, followed by Plymouth Rock and AIG.
On the other end of the spectrum, Amica is the most expensive homeowners insurance company, followed by Travelers and Country Financial.
| AAA | $1,818 | $152 |
| Acuity | $2,058 | $171 |
| AIG | $1,107 | $92 |
| Allstate | $1,596 | $133 |
| American Family | $1,491 | $124 |
| Amica | $3,882 | $324 |
| ASI Progressive | $2,618 | $218 |
| Auto-Owners Insurance | $1,283 | $107 |
| Chubb | $1,922 | $160 |
| Country Financial | $2,730 | $228 |
| Erie | $1,346 | $112 |
| Farmers | $1,874 | $156 |
| Mercury | $1,910 | $159 |
| Narragansett Bay | $1,558 | $130 |
| Nationwide | $1,955 | $163 |
| Plymouth Rock | $1,022 | $85 |
| State Auto | $1,008 | $84 |
| State Farm | $2,039 | $170 |
| The Hartford | $2,495 | $208 |
| Tower Hill | $1,189 | $99 |
| Travelers | $3,638 | $303 |
| USAA | $1,432 | $119 |
Keep in mind that rates can also vary greatly within the same company based on the city or even ZIP code you live in depending on the area's crime rate, claims history, and wildfire risk — among other factors.
That's why it's so important to compare rates from a few different companies to ensure you're finding the best deal for you.
→ Learn more about the cheapest home insurance companies
Average home insurance cost by dwelling coverage amount
Your home insurance rate is largely determined by your policy’s dwelling coverage limit — the part of your policy that pays to repair or rebuild the structure of your house when it’s damaged. Your dwelling coverage limit should be equal to your home's replacement cost — or how much it costs to rebuild from the ground up.
In general, the more dwelling coverage you have, the higher your premiums will be.
Here is the average annual cost for a standard homeowners insurance policy by dwelling coverage limit, according to our analysis of 2022 rate data.
| $100,000 | $946 | $79 |
| $200,000 | $1,442 | $120 |
| $300,000 | $1,899 | $158 |
| $400,000 | $2,481 | $207 |
| $500,000 | $3,066 | $256 |
Average home insurance cost by liability coverage amount
The personal liability coverage component of your homeowners insurance policy covers you if you’re found legally responsible for property damage or injury. That means if your dog attacks someone, your personal liability coverage can help pay for their medical expenses or your legal fees if they take you to court over the matter. It’s recommended that you have enough liability coverage to protect all of your assets — like your home, car, retirement savings, and more.
Unlike dwelling coverage, more liability coverage doesn’t necessarily mean more expensive rates.
Below are how a few different major home insurance companies charge annually for different amounts of liability coverage, according to our analysis of 2022 rate data.
| State Farm | $2,023 | $2,039 | $2,055 |
| Allstate | $1,572 | $1,596 | $1,645 |
| USAA | $2,023 | $1,432 | $1,437 |
| Nationwide | $1,934 | $1,955 | $1,969 |
| Chubb | $1,877 | $1,922 | $1,956 |
A standard home insurance policy includes six different types of coverage:
Dwelling coverage: Pays to repair or rebuild your home from the ground up after a covered loss.
Other structures coverage: Covers sheds, fences, detached garages, and other structures on your property besides your house.
Personal property coverage: Pays to repair or replace the stuff inside your house after a covered loss, including your clothes, appliances, electronics, and furniture.
Loss of use coverage: Covers hotel stays, restaurant bills, dry-cleaning, and pet boarding expenses if you’re unable to stay in your home while it’s being repaired after a covered loss.
Personal liability coverage: Covers medical and legal expenses if someone is injured or their property is damaged and you're found legally responsible.
Medical payments coverage: Pays for medical expenses if someone is injured at your home — regardless of who’s at fault.
→ Learn more about what homeowners insurance covers
Average home insurance cost by deductible amount
Your deductible is the amount you’re required to pay out of pocket when you file a property damage claim before your insurance company will kick in to pay the rest. You choose your deductible amount when you purchase your policy, and most insurers give you the option of setting it from $500 to $2,000.
How much your deductible costs is directly correlated to the cost of your homeowners insurance premiums. The higher you set your deductible, the cheaper your home insurance will be.
Below are different deductible amounts and how much different insurers charge annually for them, according to our analysis of 2022 rate data.
| State Farm | $2,327 | $2,039 | $1,551 |
| Allstate | $1,776 | $1,596 | $1,104 |
| USAA | $1,090 | $1,432 | $332 |
| Nationwide | $1,951 | $1,955 | $1,781 |
| Chubb | $2,190 | $1,922 | N/A |
Average home insurance cost for high-risk homes
Homeowners insurance companies consider many factors when calculating your homeowners insurance rates, and one of them is how at risk you are for filing a claim. Some reasons you may be considered a high-risk candidate for coverage may be related to you — like if you have a history of filing claims or a poor credit score — or to your home — like if you live in an area that experiences frequent wildfires or tornadoes.
Other reasons could be because you’re considered high risk for filing a liability claim, like if you own an aggressive dog or have a pool or trampoline on your property.
High-risk homes tend to be more expensive to insure due to the increased risk of filing a claim. The tables below illustrate circumstances that may result in more expensive rates.
Average home insurance cost if you have poor credit
Homeowners insurance companies consider your credit score when you apply for homeowners insurance. Homeowners with poor credit are generally more likely to file a claim, according to experts.
Below are average homeowners insurance rates for policyholders with poor credit from a few major insurance companies.
| State Farm | $3,966 | $331 |
| Allstate | $2,705 | $225 |
| USAA | $2,264 | $189 |
| Nationwide | $2,655 | $221 |
| Chubb | $3,888 | $324 |
Average home insurance cost if you own a dangerous dog breed
The personal liability section of your homeowners insurance policy can help pay for someone else’s medical expenses if your dog bites them. However, some insurers exclude coverage for so-called “dangerous” breeds, like Rottweilers and pit bulls.
If your insurance company does agree to cover your dog, your rates will likely be higher due to the increase in liability coverage.
| State Farm | $2,039 | $170 |
| Allstate | $1,596 | $133 |
| USAA | $1,432 | $119 |
| Nationwide | $1,955 | $163 |
| Chubb | $1,922 | $160 |
Average home insurance cost if you have a pool
Pools and trampolines are considered “attractive nuisances” to homeowners insurance companies. This is insurance speak that essentially means any object that could cause an increased risk of injury for children or other guests.
Like aggressive dogs, pools pose a higher liability risk of injury, so you’ll likely see higher rates if you have one.
| State Farm | $2,039 | $170 |
| Allstate | $1,597 | $133 |
| USAA | $1,432 | $119 |
| Nationwide | $1,955 | $163 |
| Chubb | $1,922 | $160 |
What factors determine the cost of home insurance?
While where you live is one of the biggest factors home insurance companies take into consideration when nailing down your rates, some lesser-known variables like your credit score and even your profession could influence how much you pay.
Here are just some of the different factors insurers look at when determining your home insurance premiums:
Location
Homes in high-risk tornado, flood, wildfire, or hurricane zones will see higher rates than those in more mild climates. Likewise, living in a city with more cases of vandalism and theft than out in the country could also cost you. Insurers even take into account your proximity to a fire station when determining your rates.
Age of your home
Houses with old aluminum wiring, outdated plumbing, or roofs that haven’t been replaced in over 15 years will likely see higher rates — if you can get coverage at all. This is due to the increased risk of filing a claim that comes with living in older or historic homes.
Attractive nuisances
Insurers consider pools, tree houses, and trampolines to be “attractive nuisances,” meaning they might tempt people onto your property, raising the risk that someone will be injured — and increasing your rates.
Coverage limits
How much you opt for dwelling coverage and any extra coverage add-ons is directly tied to your insurance premiums. Higher coverage limits and more specialized coverage add-ons equal higher rates. Check out our guide to find out how much coverage is right for you.
Deductible
The amount you pay out of pocket for every claim you file, policy deductibles typically range from $500 to $2,000. However, some companies may offer even higher deductible options. Low-deductible policies spell higher premiums, and vice versa.
Claims history
If you filed a claim in the past few years or live in an area with a high number of claims, you’ll see higher premiums to match the risk.
Credit history
Most states allow insurance companies to check your credit history. A higher credit score means lower rates, and vice versa.
Discounts you qualify for
Homeowners insurance companies offer discounted rates for everything from bundling your home and auto policies, to working in a certain profession (like for educators or civil servants), to paying your premiums up front for the year.
→ Use our calculator to estimate your home insurance needs and potential rates
How to save on homeowners insurance
Along with insurance bundles, loyalty discounts, and infrequent claims, you can also lower your homeowners insurance premiums through some of the following techniques.
Add safety and security features to your home. Most insurers offer discounts for installing the following security devices to your home:
Smoke detectors
Security alarms
Sprinkler system
Deadbolts on doors
Fire extinguishers
Wind protection
Improve your credit score. Making a conscious effort to pay down your credit card debt, make payments on time, and avoid opening up new accounts will help your overall financial health — and give you lower home insurance rates to boot.
Raise your deductible. As we mentioned earlier, opting for a higher deductible can help you pay lower premiums each month. Just make sure you have enough in savings to cover the higher out-of-pocket costs.
Re-think your coverage limits and add-ons. Did you ditch your high-tech home office? Pass down your prized heirloom jewelry to your grandchildren? Then you might not need as high of coverage limits. Taking some of these extra coverage add-ons off of your policy can help lower your home insurance bill.
Bundle your home and auto policies together. Some insurance companies offer a discount of up to 35% for bundling your home and auto policies together.
Think twice before filing a small claim. Since your claims history directly impacts your rates, avoid filing a claim for smaller incidents that wouldn’t cost you too much to just pay yourself out of pocket.
Ditch your kid’s trampoline or treehouse. These “attractive nuisances” put you at greater risk of filing a claim, in turn raising your premiums.
Re-shop your policy each year. Policygenius’ team of insurance experts can help you do this. They’ll look at your policy, compare your coverage limits and rates with the best insurers on the market, and help you figure out if you can get a better deal elsewhere. If you can, they’ll even do all of the paperwork to switch insurers and help you buy a new policy. Talk about a win-win.
→ Learn more about how to save on homeowners insurance
Frequently asked questions
How do I estimate the replacement cost of my home?
You can estimate the replacement cost of your home a few different ways — from reaching out to a licensed Policygenius agent to hiring a licensed appraiser to come to your home to using an online home insurance calculator. Knowing your house’s square footage, roof style, and construction style, as well as the local construction costs in your area, will help you estimate how much it would cost to rebuild your home from the ground up.
How much is home insurance per month?
The average monthly home insurance rate is around $158, according to our analysis of 2022 rate data. But how much you pay will vary based on where you live, the age and size of your home, your coverage limits, and other factors.
Does bundling home insurance save you money?
Yes, bundling your home insurance with your auto or motorcycle insurance is one of the best ways to save. Companies will reward you with savings for keeping all of your policies with them — and this can also make paying bills and filing claims easier.
Why did my home insurance premiums go up?
Your home insurance rates can increase for a number of reasons, including if your credit score took a hit, you filed a lot of claims in the past year, or you made renovations to your home that increased your coverage requirements.
Methodology: How we determined average home insurance rates
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
