Homeowners have many options when it comes to insurance and it's best to obtain multiple quotes on homeowners insurance before securing a new policy.
Jean Folger has 15+ years of experience as a financial writer covering real estate, investing, active trading, the economy, and retirement planning. She is the co-founder of PowerZone Trading, a company that has provided programming, consulting, and strategy development services to active traders and investors since 2004.
Eric is a duly licensed Independent Insurance Broker licensed in Life, Health, Property, and Casualty insurance. He has worked more than 13 years in both public and private accounting jobs and more than four years licensed as an insurance producer. His background in tax accounting has served as a solid base supporting his current book of business.
Homeowners insurance provides peace of mind by helping to protect your home and personal belongings if something unexpected happens. Of course, once you choose a policy, you may hold onto it for several years so it’s a good idea to compare your options and find the coverage you need at a price that fits your budget. To get started, here are some tips for getting the best quotes on homeowners insurance.
Nationwide, the average premium for homeowners insurance is $1,249 a year, according to a report from the National A-sociation of Insurance Commissioners (NAIC). Of course, your rate could be higher or lower than that average, depending on details about you and your home, including its location.
Average Homeowners Insurance Premiums by State
State
Average Premium
Alabama
$1,403
Alaska
$950
Arizona
$847
Arkansas
$1,357
California
$1,040
Colorado
$1,539
Connecticut
$1,530
Delaware
$842
District of Columbia
$1,284
Florida
$1,943
Georgia
$1,234
Hawaii
$1,108
Idaho
$736
Illinois
$1,061
Indiana
$1,010
Iowa
$970
Kansas
$1,543
Kentucky
$1,093
Louisiana
$1,889
Maine
$867
Maryland
$1,044
Massachusetts
$1,510
Michigan
$969
Minnesota
$1,349
Mississippi
$1,558
Missouri
$1,301
Montana
$1,207
Nebraska
$1,455
Nevada
$778
New Hampshire
$977
New Jersey
$1,216
New Mexico
$1,028
New York
$1,309
North Carolina
$1,037
North Dakota
$1,236
Ohio
$864
Oklahoma
$1,834
Oregon
$690
Pennsylvania
$903
Rhode Island
$1,553
South Carolina
$1,264
South Dakota
$1,191
Tennessee
$1,187
Texas
$1,819
Utah
$699
Vermont
$929
Virginia
$988
Washington
$866
West Virginia
$921
Wisconsin
$765
Wyoming
$1,234
Source: National A-sociation of Insurance Commissioners