Average Premiums For Homeowners And Renters Insurance By State, 2018 (1)

 

  Homeowners Renters   Homeowners Renters
State Average premium (2) Rank (3) Average premium (4) Rank (3) State Average premium (2) Rank (3) Average premium (4) Rank (3)
Alabama $1,409 13 $222 5 Montana $1,237 22 $147 45
Alaska 984 36 175 22 Nebraska 1,569 9 149 42
Arizona  843 46 175 22 Nevada 776 48 182 18
Arkansas  1,419 12 211 7 New Hampshire 984 36 148 44
California (5) 1,073 31 178 21 New Jersey 1,209 24 160 32
Colorado  1,616 7 164 29 New Mexico 1,075 30 186 13
Connecticut  1,494 11 188 12 New York 1,321 16 189 10
Delaware 873 45 157 35 North Carolina 1,103 28 158 34
D.C. 1,264 21 157 35 North Dakota 1,293 18 126 51
Florida  1,960 2 185 14 Ohio 874 44 169 26
Georgia  1,313 17 214 6 Oklahoma 1,944 4 236 2
Hawaii  1,140 27 181 19 Oregon 706 51 161 30
Idaho  772 49 152 40 Pennsylvania 943 40 157 35
Illinois  1,103 28 166 27 Rhode Island 1,630 5 185 14
Indiana  1,030 33 172 24 South Carolina 1,284 19 184 17
Iowa  987 35 144 47 South Dakota 1,280 20 127 50
Kansas  1,617 6 172 24 Tennessee 1,232 23 195 8
Kentucky  1,152 26 166 27 Texas (6) 1,955 3 225 4
Louisiana  1,987 1 234 3 Utah 730 50 155 38
Maine  905 42 149 42 Vermont 935 41 153 39
Maryland  1,071 32 161 30 Virginia  1,026 34 152 40
Massachusetts  1,543 10 191 9 Washington 881 43 160 32
Michigan  981 38 185 14 West Virginia 970 39 189 10
Minnesota  1,400 14 140 49 Wisconsin 814 47 143 48
Mississippi  1,578 8 252 1 Wyoming 1,187 25 146 46
Missouri  1,383 15 179 20 United States $1,249   $179  
(1) Includes state funds, residual markets and some wind pools. (2) Based on the HO-3 homeowner package policy for owner-occupied dwellings, 1 to 4 family units. Provides all risks coverage (except those specifically excluded in the policy) on buildings and broad named-peril coverage on personal property, and is the most common package written. (3) Ranked from highest to lowest. States with the same premium receive the same rank. (4) Based on the HO-4 renters insurance policy for tenants. Includes broad named-peril coverage for the personal property of tenants. (5) Data provided by the California Department of Insurance. (6) Texas data were obtained from the Texas Department of Insurance. Note: Average premium=Premiums/exposure per house years. A house year is equal to 365 days of insured coverage for a single dwelling. The NAIC does not rank state average expenditures and does not endorse any conclusions drawn from this data. Source: © 2020 National Association of Insurance Commissioners (NAIC). Reprinted with permission. Further reprint or distribution strictly prohibited without written permission of NAIC.