| Average Premiums For Homeowners And Renters Insurance By State, 2016 (1) |
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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. |
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