June 30, 2022

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States with the lowest home insurance rates

10. Maine

Average annual homeowners insurance premium: $882

Median home value: $255,358

(Credit: Sean Pavone/Shutterstock )

9. Ohio

Average annual homeowners insurance premium: $862

Median home value: $157,496

(Credit: rouda100/Adobe Stock)

8. Washington

Average annual homeowners insurance premium: $854

Median home value: $434,168

(Credit: Michael J Magee/Shutterstock)

7. Delaware

Average annual homeowners insurance premium: $833

Median home value: $267,772

(Credit: Mihai_Andritoiu/Shutterstock.com)

6. Arizona

Average annual homeowners insurance premium: $825

Median home value: $285,574

(Credit: Johnny Adolphson/Shutterstock.com)

5. Wisconsin

Average annual homeowners insurance premium: $779

Median home value: $206,470

(Credit: dustin77a/Shutterstock)

4. Nevada

Average annual homeowners insurance premium: $755

Median home value: $310,471

(Credit: Nick Fox/Shutterstock.com)

3. Idaho

Average annual homeowners insurance premium: $730

Median home value: $305,390

(Credit: Rob/Adobe Stock)

2. Utah

Average annual homeowners insurance premium: $692

Median home value: $364,604

(Credit: Sean Pavone 2020/Adobe Stock)

1. Oregon

Average annual homeowners insurance premium: $677

Median home value: $370,319

(Credit: Shutterstock.com)

Americans pay an average of $1,211 annually on their home insurance premium, with the medium home value coming in at $265,712.90, says a report from Insurify.

According to their data, Louisiana ($1,968 annually), Florida ($1,951 annually) and Texas ($1,893 annually) have the highest average premiums in the nation, likely do to their susceptibility to devastating, often expensive, natural disasters like hurricanes. Many homeowners in these states also have to purchase flood policies in addition to their homeowners coverage.

To the contrary, residents of the ten states featured in this slideshow enjoy the least expensive annual homeowners premiums in the nation.

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