Average Premiums For Homeowners And Renters Insurance By State, 2016 (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  $1,386 12 $245 4 Montana $1,130 23 $145 44
Alaska  974 34 148 43 Nebraska 1,402 11 141 46
Arizona  803 46 181 19 Nevada 742 48 182 17
Arkansas  1,348 13 223 7 New Hampshire 965 36 154 37
California (5) 1,000 32 200 9 New Jersey 1,174 22 163 27
Colorado  1,446 10 156 36 New Mexico 996 33 198 10
Connecticut  1,455 8 196 14 New York 1,309 15 198 10
Delaware 816 45 159 30 North Carolina 1,098 26 157 33
D.C. 1,225 19 163 27 North Dakota 1,239 18 113 51
Florida  1,918 3 181 19 Ohio 850 43 182 17
Georgia  1,200 20 230 6 Oklahoma 1,875 4 247 3
Hawaii  1,026 29 154 37 Oregon 659 51 159 31
Idaho  703 49 150 41 Pennsylvania 927 39 157 33
Illinois  1,042 28 167 26 Rhode Island 1,496 7 180 22
Indiana  1,003 31 179 23 South Carolina 1,285 16 188 16
Iowa  945 38 141 46 South Dakota 1,125 24 114 50
Kansas  1,548 5 177 24 Tennessee 1,185 21 207 8
Kentucky  1,085 27 169 25 Texas (6) 1,937 2 241 5
Louisiana  1,967 1 252 2 Utah 664 50 141 46
Maine  866 42 151 39 Vermont 898 41 158 31
Maryland  1,022 30 161 29 Virginia  966 35 151 39
Massachusetts  1,451 9 198 10 Washington 822 44 157 33
Michigan  952 37 197 13 West Virginia 917 40 196 14
Minnesota  1,340 14 142 45 Wisconsin 762 47 132 49
Mississippi  1,525 6 275 1 Wyoming 1,120 25 150 41
Missouri  1,280 17 181 19 United States $1,192   $185  
(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 and liability of tenants. (5) Data provided by the California Department of Insurance. (6) 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. 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: © 2018 National Association of Insurance Commissioners (NAIC). Reprinted with permission. Further reprint or distribution strictly prohibited without written permission of NAIC.