Homeowners insurance rates by state for 2023
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Home insurance is an important part of your financial plan, but specific costs and coverage considerations change depending on where you live. Every state has different risks that impact insurance rates. To understand how home insurance rates can vary, Bankrate researched common causes of loss in each state and reviewed average premium data from Quadrant Information Services for both state and metro areas. This state-specific information could help you feel more in control of your homeowners insurance policy.
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
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Homeowners insurance rates by state
The national average cost of homeowners insurance is $1,428 per year for $250,000 in dwelling coverage, but this cost could differ depending on which state you live in. Knowing both the national average and how the average rate of your state compares could be useful while shopping for home insurance, as you’ll have a few starting points when receiving back home insurance quotes. The map and table below show the average cost of homeowners insurance by state and percentage of income spent, giving a quick view of how your state compares to others.
We’ve also shared some of the common risks to homes and property in each state following the table. Keep in mind that while flooding is a concern in many states, flood insurance is not part of standard homeowners policies. If you live in an area at risk for flooding, you will need to purchase a separate flood insurance policy.
Average cost of homeowners insurance by state for $250,000 in dwelling coverage
| State | Average annual premium | Average monthly premium | Percent of median household income spent |
|---|---|---|---|
| Alabama | $1,631 | $136 | 2.48% |
| Alaska | $1,056 | $88 | 1.99% |
| Arizona | $1,268 | $106 | 1.49% |
| Arkansas | $2,123 | $177 | 2.67% |
| California | $1,225 | $102 | 1.50% |
| Colorado | $2,152 | $179 | 3.02% |
| Connecticut | $1,244 | $104 | 1.35% |
| Delaware | $679 | $57 | 1.09% |
| Florida | $1,981 | $165 | 3.05% |
| Georgia | $1,394 | $116 | 1.63% |
| Hawaii | $382 | $32 | 0.60% |
| Idaho | $905 | $75 | 1.26% |
| Illinois | $1,410 | $117 | 2.24% |
| Indiana | $1,225 | $102 | 1.89% |
| Iowa | $1,318 | $110 | 2.01% |
| Kansas | $3,083 | $257 | 5.51% |
| Kentucky | $2,009 | $167 | 3.69% |
| Louisiana | $1,992 | $166 | 3.27% |
| Maine | $947 | $79 | 1.04% |
| Maryland | $1,164 | $97 | 1.30% |
| Massachusetts | $1,199 | $100 | 1.92% |
| Michigan | $1,527 | $127 | 1.98% |
| Minnesota | $1,930 | $161 | 3.92% |
| Mississippi | $1,900 | $158 | 3.05% |
| Missouri | $1,769 | $147 | 3.04% |
| Montana | $1,736 | $145 | 2.67% |
| Nebraska | $2,951 | $246 | 4.55% |
| Nevada | $889 | $74 | 1.10% |
| New Hampshire | $736 | $61 | 0.85% |
| New Jersey | $775 | $65 | 1.42% |
| New Mexico | $1,789 | $149 | 2.31% |
| New York | $1,506 | $126 | 2.42% |
| North Carolina | $1,294 | $108 | 2.02% |
| North Dakota | $1,900 | $158 | 3.08% |
| Ohio | $1,140 | $95 | 2.06% |
| Oklahoma | $3,659 | $305 | 5.30% |
| Oregon | $723 | $60 | 1.07% |
| Pennsylvania | $760 | $63 | 1.02% |
| Rhode Island | $1,233 | $103 | 2.11% |
| South Carolina | $1,172 | $98 | 1.89% |
| South Dakota | $2,105 | $175 | 3.57% |
| Tennessee | $1,755 | $146 | 2.62% |
| Texas | $1,967 | $164 | 2.51% |
| Utah | $696 | $58 | 1.03% |
| Vermont | $658 | $55 | 0.72% |
| Virginia | $887 | $74 | 1.08% |
| Washington | $948 | $79 | 1.88% |
| Washington, D.C. | $893 | $74 | 0.79% |
| West Virginia | $1,125 | $94 | 1.68% |
| Wisconsin | $890 | $74 | 1.32% |
| Wyoming | $1,631 | $79 | 1.41% |
Alabama
Alabama’s geographic location makes it vulnerable to numerous strong storms. Tornadoes and hurricanes are relatively common, and parts of the state are vulnerable to widespread flooding. The likelihood of home damage in Alabama could be why its average homeowners insurance rates are higher than the national average.
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Alabama city Average annual premium for $250K dwelling coverage Birmingham, Alabama $1,656 Huntsville, Alabama $1,532 Mobile, Alabama $1,699 Montgomery, Alabama $1,449 Tuscaloosa, Alabama $1,520
Alaska
Alaska residents pay an average of $372 less per year for homeowners insurance than homeowners as a whole in the U.S. This may be due in part to the state’s low incidence of natural disasters. Wildfires, harsh winters and water damage due to frozen and burst pipes are among the common causes of home damage in Alaska.
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Alaska city Average annual premium for $250K dwelling coverage Anchorage, Alaska $982 Fairbanks, Alaska $1,091 Juneau, Alaska $978 Kenai, Alaska $1,013 Wasilla, Alaska $1,057
Arizona
The Grand Canyon State boasts some of the most breathtaking vistas in the country, but living in Arizona and owning a home means you should be aware of certain risks. Flash floods are common during monsoon season, which starts in June and continues through September. The state’s arid climate can also contribute to wildfires.
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Arizona city Average annual premium for $250K dwelling coverage Chandler, Arizona $1,189 Gilbert, Arizona $1,176 Mesa, Arizona $1,272 Phoenix, Arizona $1,335 Tucson, Arizona $1,182
Arkansas
The Land of Opportunity comes with numerous risks to property. The state’s proximity to the New Madrid fault increases the risk for earthquakes, and several regions are prone to flooding. Tornadoes and high winds are also common.
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Arkansas city Average annual premium for $250K dwelling coverage Conway, Arkansas $2,074 Fort Smith, Arkansas $2,026 Jonesboro, Arkansas $2,217 Little Rock, Arkansas $2,087 North Little Rock, Arkansas $2,028
California
The Golden State is known for its beauty and laid-back lifestyle, but California presents numerous risks to homes. Wildfires are a common occurrence, with the 10 most expensive wildfires in U.S. history all happening within California’s borders. Earthquakes are also an ever-present danger.
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California city Average annual premium for $250K dwelling coverage Anaheim, California $1,159 Long Beach, California $1,212 Los Angeles, California $1,368 Oakland, California $1,140 Riverside, California $1,156
Colorado
Strong storms frequently roll off the Rocky Mountains and through Colorado. Damage to roofs caused by hail storms can be expensive to repair and maintain. Tornadoes in the state are also fairly common, as are wildfires.
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Colorado city Average annual premium for $250K dwelling coverage Arvada, Colorado $2,024 Aurora, Colorado $2,201 Colorado Springs, Colorado $2,149 Denver, Colorado $2,170 Westminster, Colorado $2,071
Connecticut
Connecticut’s coastal position puts much of the state at risk for flash flooding. Damage is also frequently caused by high winds, although tornadoes are relatively rare. Connecticut also tends to have a fairly wet climate, which could lead to water damage.
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Connecticut city Average annual premium for $250K dwelling coverage Bridgeport, Connecticut $1,352 Hartford, Connecticut $1,291 Norwalk, Connecticut $1,541 Stamford, Connecticut $1,144 Waterbury, Connecticut $1,325
Delaware
All three of Delaware’s counties are at an increased risk for flooding. While water damage from floods is one of the biggest concerns, other types of water damage may also occur in the state. High winds could damage your roof or siding and allow water inside, which could damage the interior of your home.
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Delaware city Average annual premium for $250K dwelling coverage Bear, Delaware $614 Dover, Delaware $661 Middletown, Delaware $617 Newark, Delaware $617 Wilmington, Delaware $646
Florida
Florida is a notoriously tough market for homeowners insurance due to the state’s risk level. The Sunshine State’s long coastline and narrow shape mean that much of the state is at risk for hurricane damage, wind damage and flooding. Sinkholes are also a danger to Florida homes.
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Florida city Average annual premium for $250K dwelling coverage Fort Lauderdale, Florida $2,073 Hollywood, Florida $2,065 Miramar Beach, Florida $1,822 Pompano Beach, Florida $2,027 West Palm Beach, Florida $1,839
Georgia
The Peach State might not be the first place you think of for tornadoes, but Georgia is prone to these violent storms. And although only a portion of Georgia is coastal, hurricane damage is not uncommon. Parts of the state are also vulnerable to flood damage.
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Georgia city Average annual premium for $250K dwelling coverage Atlanta, Georgia $1,424 Augusta, Georgia $1,478 Columbus, Georgia $1,522 Macon, Georgia $1,393 Savannah, Georgia $1,434
Hawaii
Hawaii boasts the nation’s cheapest home insurance, with an average premium of just $382 per year for $250,000 in dwelling coverage. That means Hawaii’s average price for home insurance comes in at $1,046 less than the national average. The biggest causes of home damage in the state include earthquakes, wildfires and floods.
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Hawaii city Average annual premium for $250K dwelling coverage Hilo, Hawaii $385 Honolulu, Hawaii $379 Kailua, Hawaii $380 Pearl City, Hawaii $380 Waipahu, Hawaii $380
Idaho
The Gem State is one of the riskiest states for wildfires, with over 300,000 acres burned in 2020. Idaho residents should also prepare for extreme weather conditions, including harsh winters and strong summer storms. Most counties in the state also have a moderate risk of flooding.
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Idaho city Average annual premium for $250K dwelling coverage Boise, Idaho $875 Caldwell, Idaho $880 Idaho Falls, Idaho $901 Meridian, Idaho $822 Nampa, Idaho $863
Illinois
The Land of Lincoln is one of the riskiest states for both hail damage and tornadoes, which often occur from the same storm. Water damage from both summer and winter storms may also be common. And in larger metropolitan areas like Chicago, burglary and vandalism may be higher risks.
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Illinois city Average annual premium for $250K dwelling coverage Chicago, Illinois $1,570 Joliet, Illinois $1,352 Peoria, Illinois $1,326 Rockford, Illinois $1,328 Springfield, Illinois $1,323
Indiana
Homeowners in the Hoosier State should be ready for hail damage, as Indiana ranked third for the most properties affected by hail, as reported by Verisk’s 2021 hail risk report. The state also experiences relatively frequent water damage from summer storms, heavy snows and water backup.
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Indiana city Average annual premium for $250K dwelling coverage Carmel, Indiana $1,193 Evansville, Indiana $1,219 Fishers, Indiana $1,197 Indianapolis, Indiana $1,319 South Bend, Indiana $1,169
Iowa
The Western part of Iowa is in what was historically known as “Tornado Alley,” an area of the United States especially prone to tornadoes, so wind damage is fairly common. Water damage from strong summer storms can also occur. Additionally, much of Iowa has a high risk of flooding.
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Iowa city Average annual premium for $250K dwelling coverage Cedar Rapids, Iowa $1,198 Davenport, Iowa $1,198 Des Moines, Iowa $1,345 Iowa City, Iowa $1,224 Sioux City, Iowa $1,434
Kansas
The Sunflower State is one of the most expensive areas in the country for home insurance. Residents pay an average of $3,083 per year for $250,000 in dwelling coverage, which is over twice as much as the national average. The high cost of insurance in Kansas is likely due to the state’s risk level. It’s one of the most risky places in the country for tornadoes and hail damage.
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Kansas city Average annual premium for $250K dwelling coverage Kansas City, Kansas $2,878 Lawrence, Kansas $2,943 Manhattan, Kansas $2,875 Topeka, Kansas $2,839 Wichita, Kansas $3,386
Kentucky
Kentucky experiences strong summer storms that can cause damage from wind, hail and water. One of the biggest risks in the state is flood damage, with a large number of counties at a higher-than-average risk level. The western corner of the state is also at risk for earthquakes.
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Kentucky city Average annual premium for $250K dwelling coverage Bowling Green, Kentucky $2,001 Elizabethtown, Kentucky $1,904 Hopkinsville, Kentucky $2,092 Louisville, Kentucky $1,964 Owensboro, Kentucky $1,922
Louisiana
Louisiana’s coastal position puts it at risk for widespread hurricane damage. Hurricane Katrina was the costliest hurricane in U.S. history and caused devastating damage to New Orleans and surrounding areas. Tornadoes are also common in the state, with 50 reported in 2021.
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Louisiana city Average annual premium for $250K dwelling coverage Lafayette, Louisiana $1,862 Lake Charles, Louisiana $2,001 New Iberia, Louisiana $2,253 Slidell, Louisiana $2,175 Sulphur, Louisiana $2,022
Maine
High winds are a common cause of home damage in Maine, and when coupled with rain or snow, they can cause water damage. Parts of the state are also at a higher-than-average risk of flood damage. Maine is heavily forested and is also at risk for wildfires.
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Maine city Average annual premium for $250K dwelling coverage Auburn, Maine $912 Bangor, Maine $901 Lewiston, Maine $908 Portland, Maine $944 South Portland, Maine $909
Maryland
Flooding is a big concern for most areas of Maryland, due to the long coastline of the Chesapeake Bay. Maryland also tends to be relatively rainy, which could lead to water backing up in sewers and drain lines — a common type of water damage that usually requires a home insurance endorsement.
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Maryland city Average annual premium for $250K dwelling coverage Baltimore, Maryland $1,224 Ellicott City, Maryland $1,088 Glen Burnie, Maryland $1,136 Silver Spring, Maryland $1,142 Waldorf, Maryland $1,212
Massachusetts
The Bay State sees a wide variety of weather systems. Coastal areas are prone to high winds, and the entire state has a higher-than-average risk of flooding. The state also faces harsh winters, so water damage caused by freezing and bursting pipes is a common risk.
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Massachusetts city Average annual premium for $250K dwelling coverage Cambridge, Massachusetts $1,092 Lowell, Massachusetts $1,204 Quincy, Massachusetts $1,160 Springfield, Massachusetts $1,169 Worcester, Massachusetts $1,162
Michigan
The Great Lakes State offers homeowners unparalleled natural beauty, but residents should be aware of the potential risks of living there. Counties in the southeast corner of Michigan have a high flood risk. Winters can be brutal, especially in the northern portion of the state and the Upper Peninsula.
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Michigan city Average annual premium for $250K dwelling coverage Dearborn Heights, Michigan $1,551 Detroit, Michigan $1,557 Flint, Michigan $1,699 Warren, Michigan $1,622 Westland, Michigan $1,495
Minnesota
Minnesota recorded 37 tornadoes in 2021, according to the Triple-I. Hail damage is also common. Additionally, heavy snowfalls can present a danger to homes and other structures. The southwest portion of the state sees an average of 36 inches of snow per year, while the Lake Superior “snowbelt” can get more than 70 inches in a season.
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Minnesota city Average annual premium for $250K dwelling coverage Duluth, Minnesota $1,794 Lakeville, Minnesota $1,984 Minneapolis, Minnesota $2,028 Rochester, Minnesota $1,764 St. Paul, Minnesota $1,971
Mississippi
The Magnolia State is not officially in Tornado Alley, but it was one of the worst states for tornadoes in 2021, with 92 confirmed touchdowns. The state’s southern coastal position also puts it at risk for hurricane damage.
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Mississippi city Average annual premium for $250K dwelling coverage Greenville, Mississippi $1,773 Hattiesburg, Mississippi $1,945 Jackson, Mississippi $2,057 Meridian, Mississippi $1,759 Tupelo, Mississippi $1,700
Missouri
Much of Missouri is at risk for widespread flooding, including the southern and western parts of the state, which also carry a high risk for earthquake damage. Counties that border the Mississippi River also have an increased flood risk. Additionally, strong summer storms often spawn tornadoes; the state had 50 touchdowns in 2021.
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Missouri city Average annual premium for $250K dwelling coverage Columbia, Missouri $1,637 Independence, Missouri $1,845 Kansas City, Missouri $1,939 Springfield, Missouri $1,811 St. Louis, Missouri $1,760
Montana
Big Sky Country is beautiful, but that beauty comes at a price. Montana recorded over 2,573 wildfires in 2021, ranking it as the fourth-worst state in the country for number of blazes. Nearly 748,000 acres of land were burned. The western part of the state is also seismically active, so earthquake damage may be a concern.
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Montana city Average annual premium for $250K dwelling coverage Bozeman, Montana $1,587 Butte, Montana $1,645 Columbus, Montana $1,916 Great Falls, Montana $1,774 Helena, Montana $1,632
Nebraska
Summers can be rough in Nebraska. The state ranks as one of the worst for hail, which can damage a home’s exterior and can lead to interior water damage. Strong storms can bring high winds, tornadoes and flash floods.
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Nebraska city Average annual premium for $250K dwelling coverage Bellevue, Nebraska $2,860 Fremont, Nebraska $2,929 Grand Island, Nebraska $3,041 Kearney, Nebraska $3,176 Omaha, Nebraska $2,975
Nevada
Flooding can be common in Nevada, especially in the southwest corner. The western portion of the state also has a relatively high risk of earthquake activity. Nevada residents may also have to endure extreme heat, which can pose a threat to health. If the power goes out during a heat wave, extreme heat can also lead to food spoilage.
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Nevada city Average annual premium for $250K dwelling coverage Carson City, Nevada $877 Henderson, Nevada $884 North Las Vegas, Nevada $911 Reno, Nevada $828 Sparks, Nevada $863
New Hampshire
New Hampshire residents pay far less than the national average for homeowners insurance, which could be due to the state’s relatively safe nature. Parts of the state have a higher-than-average risk of flooding, and winters can be cold and snowy, which can cause exterior and interior home damage.
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New Hampshire city Average annual premium for $250K dwelling coverage Concord, New Hampshire $737 Dover, New Hampshire $741 Manchester, New Hampshire $723 Nashua, New Hampshire $686 Rochester, New Hampshire $743
New Jersey
New Jersey residents are likely familiar with the state’s high risk for flood damage. After Superstorm Sandy in 2012, two million households lost power and nearly 350,000 homes were damaged. Although located on the eastern seaboard of the United States and far from the nation’s most wildfire-prone areas, the coastal state also recorded nearly 906 wildfires in 2021 according to the Insurance Information Institute (Triple-I), burning almost 7,000 acres of land.
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New Jersey city Average annual premium for $250K dwelling coverage Edison, New Jersey $717 Elizabeth, New Jersey $788 Jersey City, New Jersey $865 Lakewood, New Jersey $866 Paterson, New Jersey $861
New Mexico
Flash floods are a concern in the arid climate of New Mexico. The dry earth doesn’t absorb rain fast enough to prevent runoff, which can accumulate and pose a danger. Tornadoes are also a moderate concern, and parts of the state are at an elevated risk for earthquakes.
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New Mexico city Average annual premium for $250K dwelling coverage Belen, New Mexico $1,756 Deming, New Mexico $1,653 Jarales, New Mexico $1,791 Moriarty, New Mexico $1,693 Peralta, New Mexico $1,755
New York
Many counties in New York have a higher-than-average risk of flooding, especially in the southern and eastern parts of the state. Wildfires are also moderately common, with 137 recorded in 2021 according to the Triple-I. In the densely populated New York City, vandalism, burglary and identity theft may also be more likely.
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New York city Average annual premium for $250K dwelling coverage Bayside, New York $1,494 Deer Park, New York $1,628 Hempstead, New York $1,495 Plainview, New York $1,394 West Hempstead, New York $1,454
North Carolina
Eastern North Carolina is a prime target for hurricane damage. Hurricane Florence slammed into the state in September 2018, killing 42 people and causing over $16 billion in damages. Additionally, wildfires burned nearly 26,000 acres of land and the state reported 19 tornadoes in 2021.
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North Carolina city Average annual premium for $250K dwelling coverage Charlotte, North Carolina $1,256 Durham, North Carolina $1,385 Greensboro, North Carolina $1,237 Raleigh, North Carolina $1,401 Winston Salem, North Carolina $1,204
North Dakota
The Peace Garden State has some of the harshest winters in the U.S. The state has an average of 50 days of below-zero Fahrenheit temperatures each year, which could lead to frozen and burst pipes and subsequent water damage. The eastern part of North Dakota also carries a higher-than-average risk of flooding.
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North Dakota city Average annual premium for $250K dwelling coverage Bismarck, North Dakota $2,021 Fargo, North Dakota $1,763 Grand Forks, North Dakota $1,720 Minot, North Dakota $1,775 West Fargo, North Dakota $1,701
Ohio
Buckeye State residents, especially in southern and central counties, should be aware of the higher risk of flooding. Ohio also has its fair share of tornadoes spawned by strong summer storms; 37 were recorded in 2021 according to Triple-I.
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Ohio city Average annual premium for $250K dwelling coverage Akron, Ohio $1,078 Cincinnati, Ohio $1,140 Cleveland, Ohio $1,196 Columbus, Ohio $1,157 Toledo, Ohio $1,174
Oklahoma
Oklahoma is the most expensive state in the country for homeowners insurance according to rates from Quadrant Information Services, with an average annual premium of $3,659 for $250,000 in dwelling coverage, over 150% more than the national average. Tornadoes and strong winds are common in the state, as is seismic activity in certain areas. Eastern Oklahoma is also at risk for widespread flooding.
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Oklahoma city Average annual premium for $250K dwelling coverage Edmond, Oklahoma $3,993 Lawton, Oklahoma $3,559 Norman, Oklahoma $3,939 Oklahoma City, Oklahoma $4,148 Tulsa, Oklahoma $3,316
Oregon
The Beaver State boasts relatively low average home insurance premiums, but Oregon is not without its risks to homes and property. The 2021 wildfire season saw over 2,202 individual fires which burned more than 829,000 acres, based on data reported by the Triple-I. Western Oregon also has a high risk for earthquakes, which fades to a moderate risk in the central part of the state and a low risk to the east.
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Oregon city Average annual premium for $250K dwelling coverage Beaverton, Oregon $650 Eugene, Oregon $680 Gresham, Oregon $708 Portland, Oregon $686 Salem, Oregon $700
Pennsylvania
Flooding can be a common issue in Pennsylvania, with much of the state at a higher-than-average risk level. Wildfires and heavy snow storms also present a risk, although a lower risk than in other states. In larger cities like Philadelphia, vandalism and theft may be a concern.
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Pennsylvania city Average annual premium for $250K dwelling coverage Abington, Pennsylvania $793 Bensalem, Pennsylvania $903 Erie, Pennsylvania $775 Pittsburgh, Pennsylvania $771 Scranton, Pennsylvania $780
Rhode Island
Rhode Island is the smallest state in the nation. The entire state carries a moderate-to-severe risk of flooding, depending on the county, due to its coastal position. Hurricanes and tropical storms that travel up the East Coast are also likely to impact Rhode Island.
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Rhode Island city Average annual premium for $250K dwelling coverage Cranston, Rhode Island $1,260 East Providence, Rhode Island $1,24 Pawtucket, Rhode Island $1,218 Providence, Rhode Island $1,329 Warwick, Rhode Island $1,322
South Carolina
The majority of South Carolina has a moderate risk for earthquake damage, while the coast carries a high risk. Hurricanes are also a danger to the state, as is flooding. Additionally, South Carolina sees its fair share of tornadoes, with 24 twisters confirmed in 2021 as reported by the Triple-I.
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South Carolina city Average annual premium for $250K dwelling coverage Charleston, South Carolina $1,245 Columbia, South Carolina $1,111 Greenville, South Carolina $1,161 Mount Pleasant, South Carolina $1,267 North Charleston, South Carolina $1,235
South Dakota
South Dakota is a land of extremes. Summers can be blazing hot and winters can be intensely cold. Homeowners may face strong summer storms including high winds and tornadoes. Winter can bring frigid temperatures that could easily freeze and burst pipes, leading to interior water damage.
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South Dakota city Average annual premium for $250K dwelling coverage Aberdeen, South Dakota $1,942 Brookings, South Dakota $2,008 Rapid City, South Dakota $2,311 Sioux Falls, South Dakota $1,966 Watertown, South Dakota $1,995
Tennessee
Tornadoes are a threat in Tennessee, especially in spring and summer months. The state saw 66 twisters in 2021, according to Triple-I data, which killed 4 people. Parts of the Volunteer State also have a moderate or high risk of flooding, and the western part of Tennessee carries a high earthquake risk.
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Tennessee city Average annual premium for $250K dwelling coverage Chattanooga, Tennessee $1,576 Clarksville, Tennessee $1,664 Knoxville, Tennessee $1,757 Memphis, Tennessee $1,911 Nashville, Tennessee $1,620
Texas
Tornadoes and wildfires are a present threat for those living in the Lone Star State, as shown by data from the Triple-I. In 2021, Texas had the most tornadoes of any state, with 118 tornadoes recorded. In the same year, Texas also came in second for the most recorded wildfires, with 5,576.
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Texas city Average annual premium for $250K dwelling coverage Austin, Texas $1,715 Corpus Christi, Texas $1,952 Dallas, Texas $2,108 Fort Worth, Texas $2,090 Houston, Texas $1,934
Utah
Utah is one of the cheapest states for homeowners insurance, with an average annual premium that is $732 cheaper than the national average for $250,000 in dwelling coverage. The state is relatively protected from many natural disasters, but the southern and southeastern parts of the state do have a high flood risk. Parts of the state also experience extreme heat and strong winter storms.
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Utah city Average annual premium for $250K dwelling coverage Orem, Utah $692 Provo, Utah $691 Salt Lake City, Utah $702 West Jordan, Utah $671 Woods Cross, Utah $655
Vermont
Vermont homeowners enjoy the second-cheapest average home premium in the country. The low average premium reflects the state’s relatively low risk level, but damage does happen. The Triple-I reports that the state had 90 wildfires in 2021. Considering the state’s small size, wildfires may be a decent risk. Much of the state also has a moderate-to-high flood risk.
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Vermont city Average annual premium for $250K dwelling coverage Burlington, Vermont $648 Hartland, Vermont $653 Montpelier, Vermont $658 Rutland, Vermont $676 South Burlington, Vermont $614
Virginia
A swath of Virgina, running southwest to northeast, is at a high risk for flood damage. Hurricanes can also impact the coastal areas of the state. In fact, nearly 400,000 homes in Virginia Beach are at risk of storm surge damage and nearly 580,000 are at risk for hurricane wind damage.
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Virginia city Average annual premium for $250K dwelling coverage Alexandria, Virginia $848 Arlington, Virginia $828 Lynchburg, Virginia $886 Richmond, Virginia $963 Roanoke, Virginia $850
Washington
The Evergreen State boasts low average homeowners insurance premiums when compared to the national average. However, living in Washington — especially near the Pacific Coast — means you are at a higher risk for earthquake damage due to the Cascadia Subduction Zone. The state’s high level of rainfall could also contribute to water damage.
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Washington city Average annual premium for $250K dwelling coverage Bellevue, Washington $908 Seattle, Washington $932 Spokane, Washington $893 Tacoma, Washington $1,008 Vancouver, Washington $873
Washington, D.C.
The Federal Emergency Management Agency (FEMA) has declared 22 disasters in the D.C. area since 1953. These include nine severe storms, six hurricanes and three winter events. Although the area has a low risk for earthquakes, a 5.8 magnitude quake in Virginia in 2011 did impact the nation’s capital. The earthquake caused an estimated $20 million in damage to the National Cathedral and cracked the Washington Monument.
| Average annual premium for $250K dwelling coverage | |
|---|---|
| Washington, D.C. | $893 |
West Virginia
Most counties in West Virginia have a higher-than-average risk of flooding. Although West Virginia isn’t coastal, the state is close enough to the East Coast to feel the impact of hurricanes and tropical storms that move north. Additionally, the Triple-I reported that over 752 wildfires were recorded in 2021.
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West Virginia city Average annual premium for $250K dwelling coverage Charleston, West Virginia $1,108 Huntington, West Virginia $1,232 Parkersburg, West Virginia $1,087 Weirton, West Virginia $1,083 Wheeling, West Virginia $1,040
Wisconsin
Sinkholes are relatively common in parts of Wisconsin, especially in the western region of the state due to the soft limestone beneath the surface. While sinkholes tend to be small compared to other states, even a small sinkhole could cause significant damage to structures. Southern Wisconsin is also particularly prone to flooding, and the entire state faces cold winters that can freeze and burst pipes.
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Wisconsin city Average annual premium for $250K dwelling coverage Green Bay, Wisconsin $801 Kenosha, Wisconsin $868 Madison, Wisconsin $823 Milwaukee, Wisconsin $913 Racine, Wisconsin $860
Wyoming
Much of Wyoming has a moderate earthquake risk and parts of the western portion of the state are at a high risk. Wildfires are also a risk in the state. Only 540 were recorded in 2021, a relatively low number when compared to other Western states. However, those fires burned over 53,000 acres of land, making the risk a significant one to still consider.
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Wyoming city Average annual premium for $250K dwelling coverage Casper, Wyoming $1,006 Douglas, Wyoming $914 Gillette, Wyoming $1,055 Sheridan, Wyoming $854 Torrington, Wyoming $1,056
Frequently asked questions
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Home insurance rating factors include features of your home, like the square footage, age, ZIP code, roof material and more. Some states permit insurance companies to consider credit scores as a rating factor as well, which could affect your home insurance premium. The dwelling amount needed to insure your home, as well as any optional coverage you choose to include, can all play a role in determining your final premium amount.Learn more: How to estimate the cost of your home insurance
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Shopping around to get quotes from several different carriers might help you find the coverage you need at the most competitive price. Additionally, many insurance companies have discounts that can help you save. Bundling your auto and home policies is often the biggest discount, but you might also save for having a new roof, having damage mitigation features like hurricane shutters, being claims-free and having home safety devices like an alarm system.
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Home insurance is not legally required in any state or in Washington, D.C. However, homeowners with mortgages or other types of home loans will likely have to carry home insurance as a requirement of their loan. Even if you aren’t required to buy a policy, purchasing home insurance could be a good financial move. Home insurance can help to protect your finances from repair or replacement costs.
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Methodology
Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region, except in cities. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:
- Coverage A, Dwelling: $250,000
- Coverage B, Other Structures: $25,000
- Coverage C, Personal Property: $125,000
- Coverage D, Loss of Use: $50,000
- Coverage E, Liability: $300,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).
These are sample rates and should be used for comparative purposes only. Your quotes will differ.
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