The national average homeowners premium runs about $1,900–$2,500 a year for roughly $300,000 in dwelling coverage. But no line of insurance varies more by location — catastrophe risk dominates the price.
What it costs by state
State averages range from around $1,100 in low-risk states (Hawaii, Vermont, Delaware) to over $4,000 in Florida, and high in Oklahoma, Kansas, Texas, and Louisiana — driven by hurricanes, tornadoes, hail, and wildfire. See your state's average and cheapest carriers on our home rate comparison.
What drives your premium
The biggest factors: your dwelling amount (rebuild cost), local catastrophe risk (the dominant one), your roof's age and type, your deductible, prior claims, and in most states your credit-based insurance score. A new roof and a higher deductible are two of the biggest levers you control.
How to pay less
Bundle with auto (often 10–20% off), raise your deductible, add roof/impact-resistant and smart-home discounts, avoid small claims (they raise renewals), and compare carriers — premiums for the same home can differ by hundreds to over a thousand dollars a year.
The cheapest move: bundling and a higher deductible help, but comparing carriers is where the biggest spread is. Enter your ZIP to see the lowest-priced home insurers for your area.
Frequently asked questions
How much is homeowners insurance per year?
About $1,900–$2,500 nationally for ~$300,000 in dwelling coverage, but it ranges from ~$1,100 in low-risk states to over $4,000 in Florida and other catastrophe-prone states.
Why is homeowners insurance so expensive in some states?
Catastrophe risk — hurricanes in Florida and the Gulf, tornadoes and hail in the Plains, wildfire in the West — drives premiums far above low-risk states.
What's the cheapest way to lower homeowners insurance?
Bundle with auto, raise your deductible, add roof and smart-home discounts, avoid small claims, and compare carriers — the spread for the same home is often hundreds of dollars.
Does my credit affect homeowners insurance?
In most states, yes — a credit-based insurance score is a rating factor. California, Maryland, and Massachusetts restrict its use.
Related: Home Rate Comparison →