Average Homeowners Insurance Premiums Ranked By State, 2016 (1)

 

Rank (2) State Average premium Rank (2) State Average premium
1 Louisiana $1,967 27 Kentucky $1,085
2 Texas (3) 1,937 28 Illinois 1,042
3 Florida 1,918 29 Hawaii 1,026
4 Oklahoma 1,875 30 Maryland 1,022
5 Kansas 1,548 31 Indiana 1,003
6 Mississippi 1,525 32 California (4) 1,000
7 Rhode Island 1,496 32 New Mexico 996
8 Connecticut 1,455 32 Alaska 974
9 Massachusetts 1,451 35 Virginia  966
10 Colorado  1,446 36 New Hampshire 965
11 Nebraska 1,402 37 Michigan 952
12 Alabama 1,386 38 Iowa 945
13 Arkansas 1,348 39 Pennsylvania 927
14 Minnesota 1,340 40 West Virginia 917
15 New York 1,309 41 Vermont 898
16 South Carolina 1,285 42 Maine 866
17 Missouri 1,280 43 Ohio 850
18 North Dakota 1,239 44 Washington 822
19 District Of Columbia 1,225 45 Delaware 816
20 Georgia 1,200 46 Arizona  803
21 Tennessee 1,185 47 Wisconsin 762
21 New Jersey 1,174 48 Nevada 742
23 Montana 1,130 49 Idaho 703
24 South Dakota 1,125 50 Utah 664
25 Wyoming 1,120 51 Oregon 659
26 North Carolina 1,098   United States $1,192
(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: © 2018 National Association of Insurance Commissioners (NAIC). Reprinted with permission. Further reprint or distribution strictly prohibited without written permission of NAIC.