How Much Is Homeowners Insurance, Average Cost By State

Homeowners insurance rates vary from state to state as living in different areas will bring various risks.If you’re on the coast or in tornado alley, rates will be a bit more compared to places with calm weather or less risk.  Insurers also focus in on the side of town you live.

If you live in an area with a lower crime rate you’ll notice a lower insurance rate compared to a home across town in an area prone to theft and reports of break-ins.  Below are the average annual premiums for homeowners insurance by state.  These premiums were averages taken from 2008 records.  As we come across more recent data we will add it to the recent column.

Average Cost Of Home Insurance By State

What Does My Home Insurance Policy Cover?

In most cases you’ll find a home policy to be cheap if you consider the amount of coverage you receive with a standard HO3 policy. Not only are you protecting the value of the home you live in, a standard policy also covers the contents inside. You’ll also receive coverage for other structures on your property.

A standard HO3 homeowners policy will also cover you and your family members from liability claims. If your child walks the family pet and that pet gets off the leash and bites someone – your insured! You can learn more about the specifics of what homeowners insurance covers. You’ll find several benefits to the coverage you receive with a standard homeowners insurance policy.