Oct
27Average Home Insurance Payments by State
Tagged Under : Home Insurance, Insurance
Your home is probably the most valuable asset you possess and you want to make sure it’s properly protected. How much you pay for home insurance will be influenced by where you live, of course. Factors that are unique to a geographical area will have a big impact on a state’s average home insurance payment. The National Association of Insurance Commissioners gathers and analyzes all of this information and determines the average home insurance payment on a state-by-state basis. The following are the average home insurance payments by state as of 2006, the most recent year for which figures are available:
State Averages for Home Insurance Premiums
- Texas $1,409
- Florida $1,386
- Louisiana $1,257
- Oklahoma $1,018
- Dist. of Columbia $1,012
- Mississippi $998
- California $937
- Massachusetts $925
- Rhode Island $919
- Alabama $894
- Connecticut $878
- New York $869
- Kansas $866
- South Carolina $851
- Alaska $850
- Colorado $813
- Arkansas $802
- Minnesota $788
- Nebraska $783
- Hawaii $776
- North Dakota $742
- New Jersey $726
- Maryland $721
- Michigan $715
- Missouri $707
- Tennessee $706
- Georgia $703
- Nevada $693
- Vermont $677
- Illinois $674
- New Hampshire $669
- Montana $666
- Virginia $662
- West Virginia $650
- North Carolina $649
- Wyoming $648
- Pennsylvania $643
- Arizona $640
- Indiana $638
- New Mexico $638
- Kentucky $637
- South Dakota $628
- Washington $603
- Iowa $596
- Maine $573
- Delaware $530
- Ohio $530
- Oregon $502
- Utah $494
- Wisconsin $490
- Idaho $477
Remember, these numbers represent averages, so if you’re not happy with your home insurance rates you can always do some comparison-shopping for a better rate.
