Average Home Insurance Cost Will Surprise You

While the average cost of homeowners insurance is $2,305 a year, how much you’ll pay depends on factors like where the home is located, its size, and construction costs. Comparing rates from multiple companies is the best way to save.

How much does home insurance cost?

The average home insurance cost is $2,305 nationwide but, it can vary by state. Below by using our home insurance calculator you can find average home insurance rates by ZIP code for 10 different coverage levels. Enter in your ZIP code, then select a dwelling coverage amount, deductible and liability amounts. The annual home insurance calculator will show you the average homeowners insurance cost for your neighborhood and desired policy limits.

Further below we explain how to choose the best limits to ensure sufficient coverage and you will also get the home insurance estimates by ZIP code. You can get a customized home insurance rate so you know what to expect to pay and can see how much you can save by comparing home insurance companies.

Average home insurance cost by ZIP code

The highest homeowners insurance rates by ZIP code are found in 33070, Islamorada Village of Islands, on Plantation Key, Florida. That’s according to Insurance.com’s analysis of the average cost of home insurance for nearly every ZIP code in the country.

ZIP codes in Louise, Texas, and Mobile, Alabama rank second and third, respectively, for the following coverage:

  • $300,000 in dwelling coverage
  • $1,000 deductible
  • $300,000 liability coverage

Rankings for the priciest ZIP codes were determined by identifying the ZIP code with the highest average rate for home insurance in each state and then listing them in descending order. For the cheapest ZIP codes, rankings were determined by identifying the ZIP code with the least expensive average rate for home insurance and then listing them in ascending order. Insurance.com’s analysis showed a national average rate of $2,305 for $300,000 dwelling coverage with a $1,000 deductible and $300,000 in liability.

The top 10 most expensive locations by ZIP code based on 2021 data are:

33050FloridaIslamorada Village of Islands$6,295
77455TexasLouise$5,911
36619AlabamaMobile$5,752
73016OklahomaCashion$4,966
67752KansasQuinter$4,666
28594North CarolinaEmerald Isle$4,654
70065LouisianaKenner$4,612
29429South CarolinaAwendaw$4,612
80734ColoradoHolyoke$4,361
88255New MexicoLoco Hills$4,071

How much is homeowners insurance per month?

On average, home insurance costs about $190 per month. Homeowners insurance premiums vary depending on factors like where you live, the value of your home, and coverage levels.

Here is how much homeowners insurance a month for common coverage levels:

$150$200,000$100,000
$152$200,000$300,000
$190$300,000$100,000
$192$300,000$300,000
$225$400,000$100,000
$226$400,000$300,000
$254$500,000$100,000
$255$500,000$300,000
$275$600,000$100,000
$277$600,000$300,000

How to get a home insurance estimate

There are many variables to consider when working up a homeowner insurance estimate, and we’ll break it down into a few easy steps.

Step 1: Estimate how much dwelling coverage you need

Step 2: Decide how much homeowners liability you need (and medical payments)

Step 3: Choose additional coverage options

Step 4: Choose a deductible

The limits of your coverage for the following are typically a set percentage of your dwelling coverage limit as shown below:

  • Other structures – 10%
  • Personal property – 50% (you choose between replacement value or actual cash value)
  • Loss of use – 20%

So, how do you decide the coverage amounts and additional coverage? We’ll explain that next.