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.
Homeowners insurance rates by state
The national average cost of homeowners insurance is $1,383 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
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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.
Alaska residents pay an average of $382 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.
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.
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.
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.
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 are also fairly common, as are wildfires.
Connecticut’s coastal position puts much of the state at risk for 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.
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.
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.
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.
Hawaii boasts the nation’s cheapest home insurance, with an average premium of just $376 per year for $250,000 in dwelling coverage. That means Hawaii’s average price for home insurance comes in at $936 less than the national average. The biggest causes of home damage in the state include earthquakes, wildfires and floods.
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.
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.
Homeowners in the Hoosier State should be ready for hail damage, as Indiana is one of the 10 most likely states for hail claims. The state also experiences relatively frequent water damage from summer storms, heavy snows and water backup.
The Western part of Iowa is in “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.
The Sunflower State is one of the most expensive areas in the country for home insurance. Residents pay an average of $2,800 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The entire state of New Jersey has a high risk for flood damage. 2012’s Superstorm Sandy wiped out power to over two million households and damaged nearly 350,000 homes. Perhaps surprisingly, the coastal state also recorded nearly 906 wildfires in 2021, burning almost 7,000 acres of land.
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.
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. In the densely populated New York City, vandalism, burglary and identity theft may also be more likely.
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.
The Peace Garden State has some of the harshest winters in the U.S. The state has an average of 50 days with temperatures below zero degrees Fahrenheit 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.
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
Oklahoma is the most expensive state in the country for homeowners insurance, with an average annual premium of $3,593, over 160% 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.
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. 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.
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.
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.
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.
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.
Tornadoes are a threat in Tennessee, especially in spring and summer months. The state saw 66 twisters in 2021, 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.
The Lone Star State ranked first in the nation for tornadoes in 2021, with 118 recorded. Texas also had the second-highest number of recorded wildfires in 2021, with 5,576. Additionally, Texas traditionally records more hail damage claims per year than any other state.
Utah is one of the cheapest states for homeowners insurance, with an average annual premium that is $715 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.
Vermont homeowners enjoy the third-cheapest average home premium in the country. The low average premium reflects the state’s relatively low risk level, but damage does happen. 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.
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 over 575,000 are at risk for hurricane wind damage.
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.
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.
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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, over 752 wildfires were recorded in 2021.
Sinkholes are relatively common in parts of Wisconsin, but they tend to be small compared to what other states face. However, 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.
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 828 were recorded in 2020, a relatively low number when compared to other Western states. However, those fires burned nearly 340,000 acres of land, ranking Wyoming seventh in the nation for the number of acres burned.
Frequently asked questions
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all 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.
Credit: Rates were calculated based on the following insurance credit tiers assigned to our homeowners: “poor, average, good (base), and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. The following states restrict or ban credit as a factor in determining home insurance rates: California, Maryland, Massachusetts and Michigan.