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What Is Average Homeowner Insurance Cost

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What Is Average Homeowner Insurance Cost

What is the average homeowner insurance cost per month, What Is the Average Homeowner Insurance Cost?

If you are a homeowner, you must have home insurance. Although your mortgage company mandates it, you are the one who will benefit from the coverage and need it. Between 2023 and 2024, the cost of homeowners insurance rose by about 11%, adding to the list of essential services affected by inflation. In 2025, a lot of homes will pay higher rates. Take the time to assess your coverage needs, get estimates, and compare house insurance providers as the average cost of homeowners insurance keeps going up to be sure you’re not passing up a better offer somewhere else.

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How Much is Homeowners Insurance In 2024

Our study of rates for policies with dwelling coverage limits ranging from $200,000 to $750,000 indicates that the average annual cost of home insurance in the United States is between $1,600 and $2,021 per policy. The cost of your coverage will vary depending on several factors, including the extent of your needs.

USA Average Homeowners Insurance Quotes by Companies

Insurance company J.D.    Power score.  Average monthly premium  Average annual premium

Allstate  ……………………………… 809/1,000……………………$133…………………………………$1,600

American Family………………….813/1,000……………………..$121…………………………………$1,457

Chubb………………………………..801/1,000………………………$168………………………………..$2,021

Erie……………………………………856./1,000…………………….$95………………………………….$1,138

Farmers……………………………..800./1,000……………………$173…………………………………$2,081

Nationwide………………………..812/1,000……………………..$115………………………………….$1,375

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State-by-State Average Cost of Homeowners Insurance

These are average rates for homeowners insurance for each state, and they may vary depending on where you live.

State                     Average cost per year for $350,000 in dwelling coverage

Alabama…………………………………….. $1,996

Alaska ………………………………………..$1,101

Arizona ………………………………………$1,262

Arkansas ……………………………………$2,156

California …………………………………..$1,013

Colorado…………………………………… $2,164

Connecticut………………………………. $1,083

Delaware …………………………………..$872

Florida ……………………………………..$2,512

Georgia……………………………………. $2,332

Hawaii……………………………………. $364

Idaho……………………………………….$1,119

The lowest rates for homeowners insurance Quote

  • Hawaii: average $490 a year, or about $41 a month.
  • Vermont: average $815 a year, or about $68 a month.
  • New Hampshire: $865 a year, or about $72 a month, on average.
  • Delaware: $875 a year, or about $73 a month, on average.
  • Utah: average $950 a year, or about $79 a month.

 The Most Expensive State Homeowners Insurance Quote

  • Oklahoma: $4,365 a year, or about $364 a month, on average.
  • Texas: $3,875 a year, or about $323 a month, on average.
  • Nebraska: $3,710 a year, or about $309 a month, on average.
  • Arkansas: $3,020 a year, or about $252 a month, on average.
  • On average, Kansas: $2,955 a year, or about $246 a month.

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