Average Cost of Home Insurance

The average cost of home insurance in the U.S. is about $1,500 per year, but rates vary significantly.

$1,500

National Average (Annual)

$125

Average Monthly Cost

$300K

Average Dwelling Coverage

Home Insurance Costs by State

StateAvg. Annual Cost
Florida$3,643
Louisiana$2,886
Oklahoma$2,547
Texas$2,312
California$1,429
New York$1,356
Ohio$1,124
Vermont$892

What Affects Your Rate

Home Value & Size

Larger, more expensive homes cost more to insure.

Location

Areas prone to natural disasters have higher rates.

Age of Home

Older homes may have outdated systems that increase risk.

Coverage Amount

More coverage means higher premiums.

Deductible

Higher deductibles lower your monthly payment.

Claims History

Previous claims can increase your rates.

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