The average cost of homeowners insurance state

The Average Cost of Homeowners Insurance State

Homeowners insurance is required for mortgaged properties and protects homeowners against losses from damage to their dwelling, belongings, and liability. However, premiums can vary widely location. Here is a look at average homeowners insurance costs state in the U.S.

Maine – $1,241
Louisiana – $1,759
Florida – $2,055
Mississippi – $1,168
Oklahoma – $1,216
Arkansas – $1,298
Alabama – $1,208
South Carolina – $1,410
Texas – $2,160
Georgia – $1,620
Delaware – $1,467
New Hampshire – $1,307
Wyoming – $1,200
North Carolina – $1,187
Virginia – $1,095
Tennessee – $1,278
Vermont – $1,168
West Virginia – $1,291
Idaho – $1,001
South Dakota – $1,347
Kentucky – $1,181
Indiana – $880
North Dakota – $1,085
Nebraska – $1,198
New Mexico – $1,074
Missouri – $1,242
Kansas – $1,279
Wisconsin – $850
Illinois $1,219
Minnesota $1,064
Iowa $1,076
Michigan $1,538
Ohio $936
Pennsylvania $1,068
New Jersey $2,525
New York $1,743
Rhode Island $1,638
Massachusetts $1,682
Maryland $1,560
Connecticut $1,689
California $1,249
Nevada $1,562
Arizona $1,298
Colorado $1,285
Washington $1,087
Oregon $992
Utah $1,158
Alaska $1,625
Hawaii $1,721

As the data shows, average premiums are lowest in the Midwest and highest in coastal states prone to natural disasters like Florida and Louisiana. Factors impacting rates include climate risks, replacement construction costs, and litigation rates. Review costs annually and shop around to find the best value.