How Much Does Home Insurance Cost

Your homeowners insurance premiums are also tied to how much coverage you purchase.

How much does home insurance cost. As you ll see in the homeowners insurance cost by state chart below oklahoma is the most expensive state for home insurance 2 140 more than the national average for the coverage level analyzed. Louisiana has the most expensive home insurance at an average of over 1 900 a year and oregon has the cheapest average home insurance at around 650 a year. The average cost of homeowners insurance for a 12 month policy from asi one of the insurers in progressive s network and part of our family of companies ranged from 676 56 month to 2 044 170 month in 2019.

Homeowners insurance premiums vary but the average cost for the most common type of policy was 1 211 in 2017 according to a study published last year by the national association of insurance commissioners. How much does homeowners insurance cost. The state you live in plays an important role in determining how much you ll pay.

Enter in your zip code then select a dwelling coverage amount deductible and liability amounts and you ll get the average homeowners insurance cost for your neighborhood and desired policy limits. Homeowners insurance rates vary by a lot of factors and how much you pay may be a lot more than someone a state away. However homeowners insurance costs are based off of more than what state you.

According to the national association of insurance commissioners home insurance rates are up almost 47 in the last 10 years alone to help you understand the market we did some digging to discover which states are the most and least expensive. The cost of insuring a home has continued to rise steadily throughout the country. We show average home rates for three other common coverage levels at the end of this article.

The average cost of homeowners insurance is around 1 200 a year but many factors play a role including the details of your property and which state and city you live in.