The Average Home Insurance Cost in the U.S. for February 2023

Homeowners insurance costs an average of $1,784 a year, or about $149 a month, according to NerdWallet’s analysis. However, this is just a benchmark.

Our sample policy includes $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible. The cost of your own homeowners insurance will depend on your location, the size of your house and how much coverage you need.

We’ve analyzed pricing data from 150 insurance companies to bring you the average homeowners insurance cost in every state and the largest U.S. cities.

Where you live is a big factor in how much you’ll pay for homeowners insurance. Hover over your state on the map below to see the average home insurance cost.

Average homeowners insurance rates vary widely. Our analysis found that the average home insurance cost is less than $1,000 in some states, including Hawaii, Delaware and Vermont. Meanwhile, states such as Oklahoma, Nebraska and Texas have average annual rates above $3,000.

Here are annual and monthly average home insurance costs by state.

Here are the cheapest states for homeowners insurance:

1. Hawaii: $458 a year, or about $38 a month, on average.

2. Delaware: $796 a year, or about $66 a month, on average.

3. New Hampshire: $816 a year, or about $68 a month, on average.

4. Vermont: $854 a year, or about $71 a month, on average.

5. Utah: $874 a year, or about $73 a month, on average.

These are the most expensive states for homeowners insurance:

1. Nebraska: $4,004 a year, or about $334 a month, on average.

2. Oklahoma: $3,830 a year, or about $319 a month, on average.

3. Kansas: $3,347 a year, or about $279 a month, on average.

4. Texas: $3,341 a year, or about $278 a month, on average.

5. Arkansas: $3,198 a year, or about $266 a month, on average.

We analyzed prices in the 20 largest metropolitan areas in the U.S. to find the average homeowners insurance cost in each city. Dallas had the most expensive average rate at $3,887 a year. Meanwhile, Las Vegas was the cheapest city on the list, with an average annual rate of $1,018.

» MORE: The cheapest homeowners insurance

We looked at average rates from 10 of the largest homeowners insurance companies in the U.S. by market share.

Erie came in as the cheapest on the list, with an average annual rate of $1,356. Meanwhile, Travelers was the most expensive, with an average annual rate of $2,872.

Here are average annual home insurance rates for 10 of the largest companies. Note that some may not offer homeowners insurance in your state.

» MORE: The best homeowners insurance

If you have previous homeowners insurance claims, you’ll likely pay a higher rate. Here’s how filing a claim could affect your homeowners insurance costs.

Older homes often cost more to insure because they typically don’t have the safety features that newer homes do, and repairs can be costly. See below to compare the average annual cost of insuring a new home vs. an older home. (Coverage limits were the same for all three houses.)

Homeowners insurance policies typically include six standard types of coverage:

• Dwelling. This pays for damage to your home from a covered event, such as a fire or windstorm.

• Other structures. This covers structures on your property that aren't attached to your house, such as a fence or shed.

• Personal property. This pays for stolen or damaged belongings.

• Loss of use, or additional living expenses coverage. This pays for you to stay elsewhere when your home is uninhabitable due to covered damage.

• Personal liability. This pays if you injure someone through negligence or cause accidental property damage.

• Medical payments. This covers medical bills for anyone injured on your property, no matter who's at fault.

» MORE: What does homeowners insurance cover?

Insurers use a variety of factors to price homeowners insurance rates. For example, you might pay more if you live in a neighborhood with a high crime rate or in an area prone to hurricanes. You’ll also have higher rates if you have a larger home that needs more coverage.

Some insurers will charge more for things like installing a swimming pool or having a dog breed they consider aggressive. (They see these scenarios as potential liability claims if someone gets hurt.)

Aside from selling your house or getting rid of your furry pal, there are many ways to reduce what you pay for homeowners insurance:

Shop around. Getting home insurance quotes annually is the best way to ensure you’re still getting the best possible deal. We recommend comparing rates from at least three companies. Make sure the coverage limits and deductibles are similar on all three policies to get a fair comparison.

If you're not up for shopping around yourself, contact an independent agent or broker to get quotes on your behalf.

Raise your deductible. A higher home insurance deductible will mean a lower rate. Raising your deductible from $1,000 to $2,500 can save you 12% a year on average, according to NerdWallet’s rate analysis. Make sure you have enough cash tucked away to pay it if you need to file a claim.

Ask about discounts. Many insurers offer discounts to help customers get lower homeowners insurance rates, such as:

• Multiple policies. If you bundle your homeowners insurance with another policy, such as car insurance, you could get a discount.

• Safety and security devices. You could save money by equipping your home with fire alarms, deadbolts, security cameras and other security devices. Some companies also offer discounts for certain smart-home devices.

• Claims-free. Many insurers offer a discount to homeowners who haven’t filed a claim recently, typically in the past three to five years.

» MORE: How to save by bundling home and auto insurance

Make renovations. Certain upgrades — such as updating an electrical or plumbing system — could lower homeowners insurance costs. Getting a new roof could also net you a discount, especially if it’s resistant to wind and/or hail.

Build your credit. In most states, insurers can use your credit-based insurance score (similar to your FICO score) to set rates. Because some studies have shown a correlation between poor credit and filing claims, those with a checkered credit history may pay more for homeowners insurance.

For example, the sample homeowner in our rate analysis has good credit and would pay $1,784 a year for insurance, on average. For the same house and coverage limits, a homeowner with poor credit would pay $3,142, on average — a 76% increase. Though it may take time, building your credit could save you a lot on homeowners insurance over the long run.

» MORE: How your credit score affects homeowners insurance

Don't see your state below? Check back soon — we’re adding more home insurance stories all the time.