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Average homeowners insurance cost (updated for 2022 inflation)

The average cost of home insurance is around $158 a month or $1,899 per year in 2022. But how much you pay will vary based on where you live, how old your home is, and other factors.

Pat Howard 1600Kara McGinley

By

Pat Howard

Pat Howard

Managing Editor & Licensed Home Insurance Expert

Pat Howard is a managing editor and licensed home insurance expert at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.

&Kara McGinley

Kara McGinley

Senior Editor & Licensed Home Insurance Expert

Kara McGinley is a senior editor and licensed home insurance expert at Policygenius, where she writes about homeowners and renters insurance. As a journalist and as an insurance expert, her work and insights have been featured in Kiplinger, Lifehacker, MSN, WRAL.com, and elsewhere.

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Expert reviewed

This article has been reviewed by a licensed Policygenius expert to ensure that sources, statistics, and claims meet our standard for accurate and unbiased advice.

Learn more about oureditorial review process.

By

Fabio Faschi, PLCS, SBCS, CLCS

Fabio Faschi, PLCS, SBCS, CLCS

Licensed Property & Casualty Insurance Expert

Fabio Faschi is a licensed property and casualty insurance agent. His expertise on home and auto insurance has been featured on Forbes, Consumer Affairs, Realtor.com, Apartment Therapy, SFGATE, Bankrate, and Lifehacker.

Updated|7 min read

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How much is homeowners insurance?

The average cost of homeowners insurance in the U.S. is $158 a month or $1,899 per year, according to our analysis of 2022 home insurance rates from across the country. 

But home insurance costs are on the rise.

Our Home Insurance Pricing Report released in July 2022 found that home insurance costs are increasing nationwide, partially due to inflation, increased construction and labor costs, and a surge in natural disasters. 

From May 2021 to May 2022, 90% of homeowners saw their home insurance costs go up — with the average increase costing an extra $134 per year.

Avg. annual premium:

Average annual premium:

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Estimate your home insurance cost

Select your state to see the average homeowners insurance rate

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 your home  insurance costs.

Methodology & why you can trust our rates

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 rates provided by Quadrant Information Services for over 120 insurance carriers from across the country in March 2022.

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.

How we determined average home insurance rates

Policygenius 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 are 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.

States with the biggest home insurance cost increases

According to our Home Insurance Pricing Report, home insurance is rising faster than inflation in many states throughout the U.S. Arkansas, Washington, and Colorado all saw over a 17% increase in home insurance costs from May 2021 to May 2022. [1]  

Here are the top five states that saw the biggest percentage increase in home insurance rates from May 2021 to May 2022.

State

Average original premium

Average renewal premium

Average premium increase

Percentage increase

Arkansas

$1,235

$1,463

$228

18.5%

Washington

$739

$873

$134

18.1%

Colorado

$1,355

$1,593

$238

17.5%

Texas

$1,476

$1,713

$237

16%

Oregon

$528

$609

$81

15.4%

Why are home insurance rates going up?

Home insurance rates are going up for a slew of reasons all related to the higher replacement cost of your home and your increased likelihood of filing a claim. 

Remember that homeowners insurance is based on the amount it costs to rebuild your home from the ground up using similar materials.

As construction costs rise due to inflation and delayed shipments, replacement costs and in turn your home insurance rates follow suit. And let’s not forget the increase in devastating natural disasters has caused an increase in demand for materials and labor — creating the perfect storm for home insurance prices to skyrocket.

Average rates in top 10 cities most at risk of climate change

Florida, Texas, and Louisiana are just some of the states most vulnerable to climate change. And homeowners throughout these states are feeling the effects — not only in the increase in severe weather, but in the cost of home insurance.

Whether being battered by hurricanes, tornadoes, or excruciating heat, many cities that made our top 10 list of the Worst Cities for Climate Change are seeing home insurance rates as much as 89% higher than their state average.

City

Average monthly cost

Average annual cost

Percentage difference from state average

Houston, TX

$262

$3,143

2%

Miami, FL

$417

$5,003

89%

Tampa, FL

$217

$2,606

-1%

Jacksonville, FL

$157

$1,884

-29%

Orlando, FL

$224

$2,683

2%

New Orleans, LA

$332

$3,983

47%

Los Angeles, CA

$168

$2,021

29%

Memphis, TN

$266

$3,191

26%

Riverside, CA

$138

$1,654

6%

Virginia Beach, VA

$204

$2,445

61%

Average cost of home insurance by state

With home insurance costs on the rise for many homeowners across the country, here is what you can expect to pay in your state. Below are the average annual costs of home insurance by state for a home with a dwelling coverage limit of $300,000.

Hop tip: Click on each state name in the table below to find out more about the cost of home insurance where you live.

State

Average monthly cost

Average annual cost

Percentage difference from national average

Alabama

$172

$2,063

9%

Alaska

$120

$1,446

-24%

Arizona

$158

$1,897

0%

Arkansas

$283

$3,391

79%

California

$130

$1,565

-18%

Colorado

$208

$2,496

31%

Connecticut

$131

$1,571

-17%

Delaware

$82

$980

-48%

District of Columbia

$96

$1,154

-39%

Florida

$220

$2,643

39%

Georgia

$166

$1,988

5%

Hawaii

$40

$486

-74%

Idaho

$114

$1,363

-28%

Illinois

$171

$2,053

8%

Indiana

$170

$2,045

8%

Iowa

$153

$1,830

-4%

Kansas

$263

$3,159

66%

Kentucky

$225

$2,705

42%

Louisiana

$227

$2,719

43%

Maine

$92

$1,103

-42%

Maryland

$144

$1,733

-9%

Massachusetts

$115

$1,382

-27%

Michigan

$143

$1,712

-10%

Minnesota

$164

$1,966

4%

Mississippi

$243

$2,919

54%

Missouri

$240

$2,876

51%

Montana

$231

$2,778

46%

Nebraska

$381

$4,567

140%

Nevada

$103

$1,239

-35%

New Hampshire

$81

$974

-49%

New Jersey

$77

$926

-51%

New Mexico

$149

$1,792

-6%

New York

$99

$1,186

-38%

North Carolina

$140

$1,678

-12%

North Dakota

$159

$1,908

0%

Ohio

$132

$1,586

-16%

Oklahoma

$361

$4,331

128%

Oregon

$79

$943

-50%

Pennsylvania

$109

$1,303

-31%

Rhode Island

$122

$1,470

-23%

South Carolina

$149

$1,793

-6%

South Dakota

$202

$2,426

28%

Tennessee

$211

$2,526

33%

Texas

$257

$3,080

62%

Utah

$79

$949

-50%

Vermont

$87

$1,046

-45%

Virginia

$126

$1,516

-20%

Washington

$107

$1,280

-33%

West Virginia

$125

$1,499

-21%

Wisconsin

$101

$1,211

-36%

Wyoming

$133

$1,599

-16%

Average home insurance cost by city

Now let’s take a closer look at the average cost of home insurance in different cities across the U.S., as well as the percentage difference from the national average — $1,899 per year.

As you can see, cities located in areas that are at high risk for natural disasters — like tornado-prone Kansas City, flood-prone Houston, and hurricane-prone Miami — see higher rates than cities located in more mild climates.

City

Average monthly cost

Average annual cost

Percentage difference from state average

Albany

$85

$1,025

-14%

Atlanta

$171

$2,051

3%

Austin

$183

$2,196

-29%

Boston

$130

$1,562

13%

Charlotte

$134

$1,605

-4%

Chicago

$203

$2,432

18%

Colorado Springs

$259

$3,104

24%

Columbus

$127

$1,523

-4%

Dallas

$297

$3,559

16%

Denver

$259

$3,104

24%

Houston

$262

$3,143

2%

Indianapolis

$179

$2,146

5%

Kansas City

$267

$3,209

12%

Las Vegas

$114

$1,370

11%

Los Angeles

$168

$2,021

29%

Memphis

$266

$3,191

26%

Miami

$417

$5,003

89%

Milwaukee

$109

$1,302

8%

Nashville

$194

$2,326

-8%

New York City

$147

$1,769

49%

Orlando

$224

$2,683

2%

Philadelphia

$166

$1,992

53%

Pittsburgh

$103

$1,241

-5%

Sacramento

$117

$1,401

-10%

San Antonio

$197

$2,365

51%

San Diego

$111

$1,333

-15%

San Francisco

$128

$1,533

-2%

Savannah

$184

$2,210

11%

Seattle

$100

$1,195

-7%

St. Louis

$239

$2,871

0%

Tampa

$217

$2,606

-1%

Cheapest and most expensive states for homeowners insurance

Where your home is located is one of the biggest factors in how much your home insurance will cost. All five of the most expensive states are located in Tornado Alley, and they’re also at high risk for other extreme weather. 

Arkansas — the third most expensive state for home insurance on our list — saw an 18.5%  increase in home insurance rates from 2021 to 2022, according to our Home Insurance Pricing Report.

Below are the most expensive and cheapest states for homeowners insurance.

Home

Top 5 most expensive states for home insurance

1. Nebraska : $4,567 per year 

2. Oklahoma: $4,331 per year

3. Arkansas: $3,391 per year

4. Kansas: $3,159 per year

5. Texas: $3,080 per year

Save

Top 5 cheapest states for home insurance

1. Hawaii: $486 per year

2. New Jersey: $926 per year

3. Oregon: $943 per year

4. Utah: $949 per year

5. New Hampshire: $974 per year

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Some of the reasons states like Hawaii are seemingly so cheap for home insurance is because wind damage is excluded from coverage. That means homeowners in Hawaii have to buy separate windstorm insurance, which is an additional cost for residents in the Aloha State.

Cheapest ZIP code for home insurance in each state

Home insurance costs don’t just depend on what state or city you live in — rates are calculated all the way down to your house’s ZIP code. If you live in a neighborhood that experiences frequent home break-ins or wildfires, you’ll likely see higher home insurance costs.

Here’s the cheapest ZIP code for home insurance in each state

Check out the cheapest ZIP code for home insurance in your state
StateZIP codeCityAverage annual costPercentage difference from state average
Alabama35242Meadowbrook$1,386-33%
Alaska99654Knik-Fairview$1,174-19%
Arizona85614Green Valley$1,496-21%
Arkansas72745Lowell$2,893-15%
California93402Los Osos$1,117-29%
Colorado81503Orchard Mesa$1,219-51%
Connecticut06790Torrington$1,350-14%
Delaware19808Wilmington$760-22%
District of Columbia20011Washington D.C.$1,1540%
Florida32759Oak Hill$1,505-43%
Georgia30606Athens$1,692-15%
Hawaii96818Honolulu$479-1%
Idaho83704Boise City$1,162-15%
Illinois60126Elmhurst$1,623-21%
Indiana46528Goshen$1,642-20%
Iowa52253Lisbon$1,571-14%
Kansas66030Gardner$2,349-26%
Kentucky41075Fort Thomas$1,819-33%
Louisiana71270Ruston$2,033-25%
Maine04862Union$1,002-9%
Maryland20895North Kensington$1,336-23%
Massachusetts01267Williamstown$940-32%
Michigan48109Ann Arbor$1,242-27%
Minnesota55901Rochester$1,767-10%
Mississippi39305Meridian$2,314-21%
Missouri63368O'Fallon$2,329-19%
Montana59912Columbia Falls$1,734-38%
Nebraska68502Lincoln$3,726-18%
Nevada89410Gardnerville$1,100-11%
New Hampshire03440Antrim$900-8%
New Jersey08822Flemington$707-24%
New Mexico87301Gallup$1,273-29%
New York14514North Chili$859-28%
North Carolina28457Rocky Point$966-42%
North Dakota58201Grand Forks$1,636-14%
Ohio44060Mentor$1,271-20%
Oklahoma74119Tulsa$3,601-17%
Oregon97006Aloha$795-16%
Pennsylvania17408Shiloh$1,010-22%
Rhode Island02806Barrington$1,317-10%
South Carolina29708Fort Mill$1,343-25%
South Dakota57401Aberdeen$2,171-11%
Tennessee37664Kingsport$1,778-30%
Texas79925El Paso$1,626-47%
Utah84095South Jordan$886-7%
Vermont05404Winooski$916-12%
Virginia22301Alexandria$1,125-26%
Washington98315Bangor Base$1,109-13%
West Virginia26505Morgantown$1,151-23%
Wisconsin53081Sheboygan$1,009-17%
Wyoming82901Rock Springs$1,249-22%

Average homeowners insurance cost by company

How much your home insurance costs 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.

Company

Average monthly premium

Average annual premium

AAA

$152

$1,818

Acuity

$172

$2,058

AIG

$92

$1,107

Allstate

$133

$1,596

American Family

$124

$1,491

Amica

$324

$3,882

ASI Progressive

$218

$2,618

Auto-Owners Insurance

$107

$1,283

Chubb

$160

$1,922

Country Financial

$228

$2,730

Erie

$112

$1,346

Farmers

$156

$1,874

Mercury

$159

$1,910

Narragansett Bay

$130

$1,558

Nationwide

$163

$1,955

Plymouth Rock

$85

$1,022

State Auto

$84

$1,008

State Farm

$170

$2,039

The Hartford

$208

$2,495

Tower Hill

$99

$1,189

Travelers

$303

$3,638

USAA

$119

$1,432

Keep in mind that how much home insurance costs 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

Compare rates and shop affordable home insurance today

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Average home insurance cost by dwelling coverage amount

How much your home insurance will cost 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.

Dwelling coverage amount

Average monthly premium

Average annual premium

$100,000

$79

$946

$200,000

$120

$1,442

$300,000

$158

$1,899

$400,000

$207

$2,481

$500,000

$256

$3,066

Your rates may be higher if you need extra coverage

These 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.

What coverage is included in a home insurance rate?

A standard homeowners insurance policy is made up of six different types of coverage. Dwelling coverage is the coverage component that impacts the cost of your home insurance the most, and is based on your home's replacement cost value.

Homeowners insurance coverages

1) Dwelling coverage:

  • Impacts your rates the most. The more dwelling coverage you have, the higher your premiums will be
  • Protects the structure of your home

2) Other structures coverage:

  • Typically set at 10% of your dwelling coverage limit
  • Covers sheds, fences, detached garages, and other structures on your property besides your house.

3) Personal property coverage:

  • Usually set at 50% of your dwelling coverage limit
  • Covers your belongings both on and off your property, including your clothes, appliances, electronics, and furniture 

4) Loss of use coverage:

  • Typically set at 20% of your dwelling coverage limit, but you may be able to increase your limit depending on your insurer
  • 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

5) Personal liability coverage:

  • More liability coverage doesn't necessarily mean higher rates
  • Covers medical and legal expenses if someone is injured or their property is damaged and you're found legally responsible -Most insurers offer $100,000 to $500,000 in liability coverage

6) Medical payments coverage:

  • Pays for medical expenses if someone is injured at your home — regardless of who’s at fault
  • Most insurers offer $1,000 to $5,000 in medical payments coverage

→ Learn more about what homeowners insurance covers

How much is homeowners insurance 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

Here’s a look at how much annual home insurance rates differ depending on your deductible with major insurance carriers, according to our analysis of 2022 rate data.

Company

$500 deductible

$1,000 deductible

$2,000 deductible

State Farm

$2,327

$2,039

$1,551

Allstate

$1,776

$1,596

$1,104

ASI Progressive

$2,750

$2,618

$1,365

Erie

$1,446

$1,346

$1,259

Auto-owners

$1,171

$1,283

$1,010

Other factors that affect 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 the cost of your home insurance, 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

  1. 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.

  2. Age of home and roof. 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. If you have a roof in bad condition or one that’s over 20-years-old, you’ll likely see higher rates.

  3. Pools and 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.

  1. 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.

  2. Credit history. Most states allow insurance companies to check your credit history. A higher credit score means lower rates, and vice versa.

  3. Aggressive dog breeds. Some insurers exclude coverage or raise rates if you own a big dog, like Rottweilers and pit bulls, because you’re statistically at a higher risk for filing a personal liability claim if your dog were to injure someone.

  1. 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 equals higher rates. 

  2. Deductible. Policy deductibles are the amount you pay out of pocket for every claim you file before your insurance company kicks in to cover the rest. You can typically choose a deductible between  $500 and $2,000. Low-deductible policies spell higher premiums, and vice versa.

  3. 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.

How high-risk factors affect home insurance costs

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. 

Here’s a look at a few common circumstances that may result in more expensive rates, and how much each factor increases home insurance costs on average.

High-risk factor

Average annual cost

Difference from national average 

Aggressive dog

$1,986

5%

Pool

$2,002

5%

Poor credit

$3,645

92%

Filed 1 claim

$2,101

11%

Filed 3 claims

$2,916

54%

Filed 5 claims

$4,407

132%

30-year-old home

$1,933

2%

75-year-old home

$1,931

2%

100-year-old home or older

$1,956

3%

20-year-old roof

$1,913

.74%

→ Learn more about the best homeowners insurance for older homes

How to save on homeowners insurance

Along with bundling your insurance policies, not filing many claims, and ditching high-risk items like trampolines, you can also lower your homeowners insurance premiums through some of the following techniques.

Security

Add security and safety devices to your home

How much you can save: Up to 15% off your premiums

Home

Install wind-resistant features to your home

How much you can save: Up to 55% off the wind portion of your policy

Home and Auto

Bundle your home and auto policies together

How much you can save: Policygenius saved customers an average of $1,250 per year over what they were paying for home and auto insurance

Agent

Re-shop your home insurance with Policygenius

How much you can save: We save customers $455 per year on average by re-shopping their home insurance with us

Additional ways to save on home insurance

Here are a few additional ways you can lower the cost of home insurance.

  • 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. Only one in 10 homeowners review or update their homeowners insurance policy every five years, according to a study by the National Association Insurance Commissioners. [2] But we recommend reviewing your coverage annually. 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 the cost of your home insurance, 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

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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.

References

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Policygenius uses external sources, including government data, industry studies, and reputable news organizations to supplement proprietary marketplace data and internal expertise. Learn more about how we use and vet external sources as part of our

editorial standards.
  1. Policygenius

    . "

    Policygenius Home Insurance Pricing Report

    ." Accessed July 27, 2022.

  2. The National Association of Insurance Comissioners

    . "

    Disasters Redefined — Home Insurance Survey February 2017

    ." Accessed May 25, 2022.

Authors

Managing Editor & Licensed Home Insurance Expert

Pat Howard

Managing Editor & Licensed Home Insurance Expert

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Pat Howard is a managing editor and licensed home insurance expert at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.

Senior Editor & Licensed Home Insurance Expert

Kara McGinley

Senior Editor & Licensed Home Insurance Expert

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Kara McGinley is a senior editor and licensed home insurance expert at Policygenius, where she writes about homeowners and renters insurance. As a journalist and as an insurance expert, her work and insights have been featured in Kiplinger, Lifehacker, MSN, WRAL.com, and elsewhere.

Expert reviewer

Licensed Property & Casualty Insurance Expert

Fabio Faschi, PLCS, SBCS, CLCS

Licensed Property & Casualty Insurance Expert

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Fabio Faschi is a licensed property and casualty insurance agent. His expertise on home and auto insurance has been featured on Forbes, Consumer Affairs, Realtor.com, Apartment Therapy, SFGATE, Bankrate, and Lifehacker.

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