Average Homeowners Insurance Premiums Ranked By State, 2018 (1)

 

Rank (2) State Average premium Rank (2) State Average premium
1 Louisiana $1,987 27 Hawaii $1,140
2 Florida 1,960 28 Illinois 1,103
3 Texas (3) 1,955 29 North Carolina 1,103
4 Oklahoma 1,944 30 New Mexico 1,075
5 Rhode Island 1,630 31 California (4) 1,073
6 Kansas 1,617 32 Maryland 1,071
7 Colorado  1,616 32 Indiana 1,030
8 Mississippi 1,578 32 Virginia  1,026
9 Nebraska 1,569 35 Iowa 987
10 Massachusetts 1,543 36 Alaska 984
11 Connecticut 1,494 37 New Hampshire 984
12 Arkansas 1,419 38 Michigan 981
13 Alabama 1,409 39 West Virginia 970
14 Minnesota 1,400 40 Pennsylvania 943
15 Missouri 1,383 41 Vermont 935
16 New York 1,321 42 Maine 905
17 Georgia 1,313 43 Washington 881
18 North Dakota 1,293 44 Ohio 874
19 South Carolina 1,284 45 Delaware 873
20 South Dakota 1,280 46 Arizona  843
21 District Of Columbia 1,264 47 Wisconsin 814
21 Montana 1,237 48 Nevada 776
23 Tennessee 1,232 49 Idaho 772
24 New Jersey 1,209 50 Utah 730
25 Wyoming 1,187 51 Oregon 706
26 Kentucky 1,152   United States $1,249
(1) Includes policies written by Florida Citizens Property Insurance Corp. and Louisiana Citizens Property Insurance Corp., Alabama Insurance Underwriting Association, Massachusetts Property Insurance Underwriting Association, Michigan Basic Property Insurance Association, Mississippi Windstorm Underwriting Association and Residential Property Insurance Underwriting Association, New Jersey Insurance Underwriting Association, North Carolina Joint Underwriting Association, Ohio Fair Plan Underwriting Association, Rhode Island Joint Reinsurance Association and South Carolina Wind and Hail Underwriting Association, and Virginia Property Insurance Association. Other southeastern states have wind pools in operation and their data may not be included in this chart. 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. (2) States with the same premium receive the same rank. (3) The Texas Department of Insurance developed home insurance policy forms that are similar but not identical to the standard forms. In addition, due to the Texas Windstorm Association (which writes wind-only policies) classifying HO-1, 2 and 5 premiums as HO-3, the average premium for homeowners insurance is artificially high. (4) Data provided by the California 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.