Average Home Insurance Costs of United States of America

By   August 22, 2020

By the source of NAIC (National Association of Insurance Commissioners) in 2020 of the United States of America per year, the average cost of home insurance is $1,211. In this region (#HomeInsurance) home insurance rates influence based on several factors. The several factors are-

  • Where you live.
  • How many years living in the state.
  • Home’s age.
  • Value of the land.
  • Marital Status.
  • Claims history.
  • The size of the home.
  • Materials used to build the home.
  • And the credit score of the annual premium.USA Average Home Insurance Costs 2020

Average Home Insurance Cost by the State of USA
NoStateAverage 6-month PremiumAverage Annual Premium
1Louisiana$1,023$1,968
2Florida$1,015$1,951
3Texas$986$1,893
4Oklahoma$982$1,885
5Kansas$831$1,584
6Rhode Island$815$1,551
7Mississippi$808$1,537
8Colorado$787$1,495
9Massachusetts$783$1,488
10Nebraska$780$1,481
11Connecticut$779$1,479
12Alabama$756$1,433
13Arkansas$736$1,373
14Minnesota$713$1,348
15New York$694$1,309
16Missouri$682$1,285
17South Carolina$674$1,269
18Georgia$673$1,267
19North Dakota$666$1,253
20D.C.$657$1,235
21South Dakota$640$1,202
22Tennessee$637$1,196
23New Jersey$635$1,192
24Montana$626$1,174
25Wyoming$617$1,156
26Kentucky$594$1,109
27Hawaii$590$1,102
28North Carolina$567$1,086
29Illinois$558$1,056
30Maryland$548$1,037
31New Mexico$548$1,017
32California$543$1008
33Indiana$539$1000
34Virginia$539$999
35New Hampshire$525$972
36Iowa$521$964
37Alaska$519$959
38Michigan$510$942
39West Virginia$509$940
40Pennsylvania$505$931
41Vermont$498$918
42Maine$480$882
43Ohio$470$862
44Washington$466$854
45Delaware$456$833
46Arizona$452$825
47Wisconsin$429$779
48Nevada$417$755
49Idaho$404$730
50Utah$385$692
51Oregon$378$677
USA Average$645$1,211

Most expensive states of Home Insurance

  1. Louisiana: $1,968
  2. Florida: $1,951
  3. Texas: $1,893
  4. Oklahoma: $1,885
  5. Kansas: $1,584

Types of home insurance coverage of USA

There are many types of home insurance coverage in the United States of America. Here we mentioned that are some of the most common home insurance coverages:-

  • Dwelling coverage.
  • Personal property coverage.
  • Personal liability coverage.
  • Medical payments coverage.
  • Additional living expenses.
  • Sewer backup coverage.
  • Flood coverage.
  • Hurricane coverage.
  • Earthquake coverage.
  • Pet coverage.
  • Replacement cost coverage.
  • Scheduled personal property coverage.
  • Home business coverage.
  • Electronics coverage.
  • Identity theft protection Coverage.

Home Insurance Discounts of USA

Many times we saw that Homeowners want to discount their home insurance. The discounts will depend on a few factors. The factors are some other ways to save money on home insurance in the USA. There are Bundle your insurance policies, Make your home safer, Renovate your home, Keep up with maintenance, Avoid claims, Be a loyal customer, Insure a new home and pay your premium in full, etc.

How to save money on homeowner’s insurance of USA

There are some ways to reduce your homeowner’s insurance premiums and improve the safety of your home. There are Smoke detectors, Deadbolt locks, Fire extinguishers, Storm shutters, Security systems, Sprinkler system, and New or reinforced roof, etc.

Homeowner Claims by type & percentage of total Insurance losses of USA

Home Insurance Costs of USA

Frequently asked questions – Home Insurance of USA

Is home insurance of the USA required by law?

Answer: No.

How can I invoice my home insurance cost of the USA?

Answer: You can get easily estimate your home insurance cost of different states of the United States of America. By considered factors are- Where you live, How many years living in the state, Home’s age, Value of the land, Marital Status, The size of the home, materials used to build the home, and credit score of the annual premium.

More: Average Cost of Homeowners Insurance (2020)

#HomeInsurance #Insurance #InsuranceAgent #InsuranceBroker #insuranceclaim #insuranceagency #InsuranceClaims #insurancecompany #InsurancePolicy #insurancenews #insurancequotes #Insurancereview #InsuranceUSA #insurancecoverage #insurancecompanies #insurancemarket #InsuranceAdvisor

Leave a Reply

Your email address will not be published.