| Top 10 Most Expensive And Least Expensive States For Homeowners Insurance Premiums, 2021 (1) |
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| Rank (3) |
Most expensive states |
Average premium (2) |
Rank (3) |
Least expensive states |
Average premium (2) |
| 1 |
Florida |
$2,437 |
1 |
Wisconsin |
$780 |
| 2 |
Louisiana |
2,259 |
2 |
Oregon |
793 |
| 3 |
Oklahoma |
2,155 |
3 |
Utah |
831 |
| 4 |
Texas (4) |
2,146 |
4 |
Nevada |
863 |
| 5 |
Rhode Island |
1,900 |
5 |
Idaho |
884 |
| 6 |
Colorado |
1,802 |
6 |
Arizona |
917 |
| 7 |
Mississippi |
1,766 |
7 |
Ohio |
920 |
| 8 |
Massachusetts |
1,712 |
8 |
Delaware |
988 |
| 9 |
Nebraska |
1,684 |
9 |
Michigan |
993 |
| 10 |
Connecticut |
1,651 |
10 |
Maine |
996 |
(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) Texas data were obtained from the Texas 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 premiums and does not endorse any conclusions drawn from this data.
Source: National Association of Insurance Commissioners (NAIC). Further reprint or distribution strictly prohibited without written permission of NAIC. |
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