Updated: June 10, 2026
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While rates average $6,016 per year with a $1,000 deductible, homeowners insurance for a $300,000 house can vary depending on your coverage and deductible. Choosing a higher deductible can lower your premiums.
Homeowners insurance costs vary by company. AIG Insurance is the cheapest option for a $300,000 house at an average of $1,914 annually.
Your credit score can affect your home insurance rates. People with good and excellent credit scores typically get lower rates than those with poor credit.
The average cost of homeowners insurance on a $300,000 home is $6,016 per year. This estimate includes $500,000 in dwelling coverage, $250,000 for personal property, $300,000 in liability coverage and a $1,000 deductible. Your premium will change if you alter any of these coverage limits.
The following sections show average rates based on deductible amount, company and credit score.
The deductible is the amount you pay before your insurance covers costs. A higher deductible typically means a lower monthly premium because you're trading higher upfront costs for long-term savings.
For example, the average yearly cost to insure a $300,000 home with $500,000 in dwelling coverage and a $1,000 deductible is $6,016. Raising your deductible to $2,000 could save you nearly $559 yearly.
See how rates change based on your deductible for a policy with $500,000 in dwelling coverage:
| $500 | $535 | $6,415 |
| $1,000 | $501 | $6,016 |
| $1,500 | $481 | $5,770 |
| $2,000 | $455 | $5,457 |
Home insurance companies calculate premiums differently, so rates can vary. AIG is the most affordable provider for a $300,000 home with $500,000 in dwelling coverage, with an average annual rate of $1,914. Choosing a different insurer can significantly change your premiums.
Explore the table below to see how average rates vary by company for a policy with $500,000 in dwelling coverage.
| AIG Insurance | $159 | $1,914 |
| Amica | $205 | $2,457 |
| CSAA | $237 | $2,846 |
| AAA | $246 | $2,956 |
| USAA | $300 | $3,602 |
| American Modern | $303 | $3,639 |
| Allstate | $305 | $3,656 |
| State Farm | $317 | $3,806 |
| Homesite | $337 | $4,041 |
| Farmers | $375 | $4,502 |
| Nationwide | $531 | $6,366 |
| Chubb | $649 | $7,792 |
| Progressive | $700 | $8,404 |
| Travelers | $830 | $9,963 |
Insurers weigh claims history and deductible amounts differently, so the same profile can produce different rates across carriers. Compare providers to find the best home insurance for your coverage needs and budget.
Credit scores affect home insurance rates in Idaho. The difference between an excellent and a poor score can change your annual premium by up to $7,264.
Insurers use credit scores to assess financial responsibility and predict claim likelihood. A higher credit score signals lower risk, which typically results in lower premiums. The table below shows how rates vary by credit tier.
| Poor | $957 | $11,482 |
| Below Fair | $663 | $7,959 |
| Fair | $519 | $6,231 |
| Good | $501 | $6,016 |
| Excellent | $343 | $4,119 |
*Note: The estimates above are for a policy with a $500,000 dwelling coverage limit.
Improving credit from fair to good or excellent reduces premiums in most states. Consistent on-time payments, debt reduction and responsible financial management are the most direct ways to improve your score. California, Hawaii and Massachusetts do not factor credit scores into premiums under state law.
Use our home insurance calculator below to estimate your costs. See how rates vary based on your location and chosen coverage.
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 12, 2026
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 your property and personal details. Knowing these factors can help you decide on coverage. Key considerations include:
Where you live affects your insurance rates. Homes in areas with more natural disasters or crime typically have higher insurance costs, while homes in safer areas may have lower rates.
The amount of coverage you choose and your deductible amount are crucial factors. Higher coverage limits or lower deductibles generally mean higher premiums, while lower coverage limits or higher deductibles can reduce costs.
Factors such as your age, marital status and pet ownership can affect your insurance rates because they indicate different risk levels.
Your home's claim history affects your premiums. Frequent claims can make your property seem more risky, increasing insurance costs.
In some states, your credit score can affect your insurance rates. A lower credit score could mean higher premiums, while a higher score could lower them.
Many insurers offer discounts for security systems, bundling multiple policies or a claims-free record. Taking advantage of these discounts can help you lower your insurance costs.
Searching for coverage for a different home value? Check out our guides on:
To figure out how much home insurance coverage you need for a $300,000 home, check the cost of rebuilding your home and your financial standing. Base your dwelling coverage on the rebuild cost, not your property's market value. The market value includes the land while the rebuild cost covers only the structure. Understand standard home insurance coverages to make sure your home is properly protected without being overinsured or underinsured.
Dwelling coverage is the foundation of your home insurance policy because it provides financial protection for your house's physical structure. You should have enough coverage to match the estimated cost to rebuild your home if disaster strikes.
A house with a market value of $300,000 may cost more or less to rebuild. Research building costs in your area or contact an insurance agent for help.
Consider carrying coverage slightly above your current reconstruction estimate to account for construction cost increases or future renovations.
Other structures coverage applies to detached structures on your property, such as a garage, shed or fence. This coverage is typically set at 10% of your dwelling limit. Confirm that the amount is sufficient to repair or replace your detached structures before a claim occurs.
Personal property coverage pays to repair or replace belongings such as furniture, electronics and personal items if damaged or lost. Document your possessions and estimate replacement costs to determine an accurate coverage limit. Most insurers set the default personal property limit at 50% of dwelling coverage.
Liability coverage safeguards your finances if a guest is hurt on your property or if you damage their belongings. This coverage pays for legal expenses and court judgments up to your policy limit. Because legal claims can be costly, higher liability coverage is often a good idea.
Loss of use coverage helps pay for temporary living expenses if a covered event makes your home uninhabitable. This includes hotel bills, restaurant meals and other extra costs while your home is being repaired.
For instance, if a storm causes a tree to fall through your roof, making your home unsafe, this coverage will reimburse you for temporary housing until you can return home.
Loss of use limits typically range from 10% to 30% of your dwelling coverage.
Getting $300,000 in coverage may seem like the most cost-effective choice. But higher coverage limits are often smarter to account for home upgrades and rising material costs.
Insurers usually offer set coverage limits, but you can request specific amounts, such as $300,000 or $350,000.
Several factors affect the cost to insure a $300,000 home, including the deductible amount, the insurer and the credit score. The rates below reflect averages across these variables to help you compare offers.
We answer common questions about home insurance rates to help you determine the right coverage for your $300,000 house.
The average annual cost of insuring a $300,000 house with $500,000 in dwelling coverage is $6,016.
The right coverage amount depends on your home's replacement cost and financial situation. Lower limits that match replacement cost keep premiums down; higher limits reduce out-of-pocket exposure if a major loss exceeds your coverage.
Insurers use different underwriting models to assess risk, which affects premium costs. Most homeowners insurers consider location, claims history, credit score, coverage limits, deductibles, applicable discounts and personal data when calculating your rate.
Why Trust MoneyGeek?
MoneyGeek analyzed quotes from multiple insurers across the U.S. using a profile that reflects the average homeowner. Quotes were collected across different locations and companies to provide reliable estimates and show how rates vary by provider.
Methodology
MoneyGeek evaluated homeowners insurance carriers using premium data from Quadrant Information Services.
Homeowner Profile
Our analysis used a sample homeowner profile with the following characteristics:
Homeowners Insurance Coverage Details
Unless otherwise specified, we collected quotes using the following coverage limits:
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has spent nearly a decade analyzing the market, first at LendingTree and now at MoneyGeek, where he has produced original research on hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
He covers economics and insurance at MoneyGeek, and his work has been featured in The Washington Post, The New York Times and NPR, among other outlets.
Like all MoneyGeek analysts, he draws on independent cost and consumer experience data. No insurance company partnership influences his recommendations.
Fitzpatrick earned his degrees from Johns Hopkins University (M.A. Economics and International Relations) and Boston College (B.A.). He began his career in financial risk management at State Street. He's also a five-time “Jeopardy!” champion.
