Homeowners insurance is a type of insurance that covers your home and its contents in the event of a loss. It can be a valuable protection for your most important assets.

The cost of homeowners insurance varies depending on a number of factors, including the value of your home, the location of your home, and the type of coverage you choose.

How to Calculate Homeowners Insurance Costs

There are a few different ways to calculate homeowners insurance costs. One way is to use an online calculator. These calculators can give you an estimate based on the value of your home, the location of your home, and the type of coverage you choose.

Another way to calculate homeowners insurance costs is to get quotes from multiple insurance companies. This will give you a better idea of the range of prices available.

What Factors Affect Homeowners Insurance Costs?

The following factors can affect homeowners insurance costs:

  • The value of your home: The higher the value of your home, the higher your insurance costs will be.
  • The location of your home: The risk of natural disasters, such as hurricanes, tornadoes, and earthquakes, can affect homeowners insurance costs.
  • The type of coverage you choose: The more coverage you choose, the higher your insurance costs will be.
  • Your credit score: A good credit score can help you qualify for lower homeowners insurance rates.
  • Your claims history: A history of claims can lead to higher homeowners insurance rates.

Homeowners Insurance Costs by State

According to the National Association of Insurance Commissioners (NAIC), the average cost of homeowners insurance in the United States is $1,428 per year. However, the cost can vary significantly by state.

The 10 most expensive states for homeowners insurance are:

  1. Oklahoma: $5,839
  2. Texas: $4,851
  3. Nebraska: $4,849
  4. Kansas: $4,310
  5. Mississippi: $3,927
  6. Arkansas: $3,853
  7. Louisiana: $3,788
  8. South Carolina: $3,753
  9. Georgia: $3,692

The 10 least expensive states for homeowners insurance are:

  1. Hawaii: $582
  2. Utah: $643
  3. Nevada: $745
  4. Idaho: $846
  5. Wyoming: $947
  6. Montana: $998
  7. North Dakota: $1,049
  8. South Dakota: $1,099
  9. Vermont: $1,150
  10. New Hampshire: $1,191

How to Save Money on Homeowners Insurance

There are a few things you can do to save money on homeowners insurance:

  • Shop around: Get quotes from multiple insurance companies to compare prices.
  • Increase your deductible: Increasing your deductible can lower your insurance premiums.
  • Bundle your insurance: Bundling your homeowners insurance with other types of insurance, such as car insurance or life insurance, can save you money.
  • Get discounts: Many insurance companies offer discounts for things like good credit scores, security systems, and fire alarms.


Homeowners insurance is a valuable protection for your home and its contents. By understanding the factors that affect homeowners insurance costs, you can find the best coverage for your needs at the best price.