Updated: May 13, 2025
Advertising & Editorial Disclosure
Opting for slightly higher coverage can ensure your home is adequately protected even after upgrades or additions, but this can increase premiums.
Your deductible amount also affects your home insurance costs. Choosing a higher deductible will result in lower premiums.
State Farm's average annual cost for a policy with 250/125/200K limits is $1,895.
The average cost of home insurance for a $150,000 home is $2,423 per year. This includes:
Your rates will vary based on coverage limits, deductible amount, insurance company and location. Below are average home insurance rates for a $150,000 house for different needs.
Your dwelling coverage directly impacts premiums, as this is what pays to reconstruct your home if it gets destroyed in an accident, covering expenses for the materials and labor.
Opting for $100,000 in dwelling coverage might be more affordable at around $1,342 per year, but this may not adequately cover reconstruction expenses after a disaster, potentially resulting in out-of-pocket costs.
To properly estimate your homeowners insurance costs, see the table below for a comprehensive view of how dwelling coverage adjusts according to home value.
| $100K Dwelling / $50K Personal Property / $100K Liability | $1,342 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $2,423 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $4,137 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $5,878 |
| $1M Dwelling / $500K Personal Property / $1M Liability | $7,652 |
*Note: The above limits are what insurers commonly offer. Some providers may offer in-between limits upon request. For instance, if you need $125,000 in coverage, you might be able to ask your insurer.
Your deductible choice affects your premiums. A policy with a $500 deductible costs about $2,641 yearly, while one with a $2,000 deductible costs about $2,163.
The deductible is the amount you pay before insurance coverage begins. Higher deductibles typically mean lower monthly premiums, balancing upfront costs and long-term savings.
See the table below for how premiums change with different deductibles.
| $500 | $2,641 |
| $1000 | $2,423 |
| $1500 | $2,299 |
| $2000 | $2,163 |
*Note: The rates above are based on averages for a policy with $250,000 in dwelling coverage, $125,000 in personal property coverage and $200,000 in liability coverage.
Rates for homeowners insurance vary widely by company. State Farm offers the cheapest option at $1,895 yearly. Nationwide has the most expensive at $2,432 yearly. The table below shows how premiums differ among providers with 250/125/200 coverage.
| State Farm | $1,895 |
| Farmers | $2,135 |
| USAA | $2,143 |
| Allstate | $2,399 |
| Nationwide | $2,432 |
*Note: The rates above are based on averages for a policy with $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and a $1,000 deductible.
Costs differ because insurers use their own risk assessments, claims histories and coverage options. Compare home insurance providers to find the best and most affordable coverage.
Where you live affects your homeowners insurance costs. This happens because of geographic risks, climate patterns and local factors. The table below shows how premiums change by location.
| Alabama | $4,123 |
| Alaska | $1,522 |
| Arizona | $1,991 |
| Arkansas | $4,023 |
| California | $1,148 |
| Colorado | $3,320 |
| Connecticut | $2,288 |
| Delaware | $975 |
| District of Columbia | $1,151 |
| Florida | $8,770 |
| Georgia | $2,004 |
| Hawaii | $454 |
| Idaho | $1,448 |
| Illinois | $2,119 |
| Indiana | $2,384 |
| Iowa | $1,828 |
| Kansas | $3,467 |
| Kentucky | $2,060 |
| Louisiana | $4,031 |
| Maine | $1,267 |
| Maryland | $1,916 |
| Massachusetts | $2,008 |
| Michigan | $1,853 |
| Minnesota | $2,106 |
| Mississippi | $5,346 |
| Missouri | $2,835 |
| Montana | $3,819 |
| Nebraska | $4,906 |
| Nevada | $1,092 |
| New Hampshire | $1,002 |
| New Jersey | $1,200 |
| New Mexico | $1,857 |
| New York | $1,230 |
| North Carolina | $3,383 |
| North Dakota | $1,828 |
| Ohio | $1,744 |
| Oklahoma | $5,917 |
| Oregon | $1,039 |
| Pennsylvania | $1,575 |
| Rhode Island | $1,650 |
| South Carolina | $2,708 |
| South Dakota | $2,828 |
| Tennessee | $2,578 |
| Texas | $5,171 |
| Utah | $1,168 |
| Vermont | $985 |
| Virginia | $1,840 |
| Washington | $1,410 |
| West Virginia | $1,646 |
| Wisconsin | $1,172 |
| Wyoming | $1,721 |
*Note: The rates above are based on averages for a policy with $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and a $1,000 deductible.
Comparing quotes from multiple home insurance companies will help you estimate your policy costs accurately. Use our home insurance calculator below to get quick quotes based on where you live and your desired coverages.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Jun 06, 2025
Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
Home insurance costs depend on many factors specific to your property. Understanding these can help you choose the right coverage. Key factors include:
Your home's location strongly affects your insurance rates. Areas with a high risk of natural disasters or crime may have higher premiums, while safer areas often have lower costs.
Having security systems, multiple policies with the same insurer or being claims-free for a certain period can make you eligible for discounts that can help reduce your insurance costs.
A history of claims on your property can affect your premiums. Homes with frequent claims may be considered risks, leading to more expensive insurance costs.
Some states allow insurers to use your credit score to set rates. A lower score may lead to higher premiums.
Your coverage amount and deductible choices affect your costs. Higher coverage limits or lower deductibles typically increase premiums, while lower coverage limits or higher deductibles reduce costs.
Details such as your age, marital status and whether you have pets can also influence your insurance rates, as they can indicate risks.
The right insurance for a $150,000 home depends on your situation. Your coverage should match your home's value, rebuilding costs and your available funds.
Dwelling coverage provides homeowners with financial protection for their homes' structures. It should equal the cost of rebuilding your home after a disaster. For example, if rebuilding would cost $200,000, your dwelling coverage should be this amount.
Personal property coverage handles damage to items within your home, such as furniture, electronics and jewelry. To gauge the necessary coverage, create an inventory of belongings and estimate replacement costs. This sum becomes your personal property coverage. Sometimes, insurers automatically set this at 50% of your dwelling coverage.
Home insurance includes several types of added coverage beyond dwelling and personal property:
These coverages usually link to your dwelling coverage limit.
While getting exactly $150,000 in coverage might be tempting, getting higher coverage is best to account for potential upgrades and increased material expenses. However, higher limits can result in higher premiums.
Insurance companies look at many factors when setting rates for a $150,000 house. Knowing how these factors affect your premiums helps you find the right policy for your needs. This article shows average rates based on dwelling coverage, deductible, company and state to help you compare offers.
We answer frequently asked questions below to help you find the right policy for your $150,000 house.
The average cost of insuring a $150,000 house is $2,423 annually. This estimate is based on a policy with $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and a $1,000 deductible. Changing any of these limits will affect rates.
The coverage amount you need depends on your situation. While you can buy a policy with exactly $150,000 in coverage, opting for slightly higher limits ensures your home remains covered even after renovations or additions. Evaluate your needs properly by understanding how rates can change based on your coverage choices, insurers, deductibles and location.
Various factors affect home insurance premiums. Insurers typically consider the coverage limits, deductibles, location, claims history, credit score and applicable discounts to determine rates.
Why Trust MoneyGeek?
MoneyGeek analyzed quotes from many insurers across the U.S. using a profile of an average homeowner. By looking at different locations and companies, we provide reliable estimates of what homeowners might pay, showing why comparing rates matters.
Methodology
MoneyGeek evaluated homeowners insurance carriers, incorporating insights and premiums from the official databases of Quadrant Information Services.
Homeowner Profile
For our analysis, we created a sample homeowner profile with the following characteristics:
Homeowners Insurance Coverage Details
Unless otherwise specified, we used the following coverage limits to collect quotes for our comparison:
We also compiled data for policies with broader coverage to determine the best companies for insuring expensive homes, upping limits to $1 million in dwelling coverage, $500,000 in personal property coverage and $1 million in liability coverage.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
