Average Cost of Home Insurance in 2026

Your home insurance rate is personal, built from a combination of where you live, what your home would cost to rebuild and details about you as a policyholder. 

The national average of $3,467 per year, or $288 monthly, comes from MoneyGeek's analysis of 384,199,200 quotes drawn from filed rate data via Quadrant Information Services. We use a base profile of a homeowner aged 41 to 60 with good credit and $250,000 in dwelling coverage. 

Depending on your state, credit score, claims history and how much coverage you carry, your own rate could look very different from that national average.

Your state is the single biggest external factor in your home insurance rate, and it's one you can't easily change. Homeowners in Hawaii pay around $600 per year on average, while Florida homeowners pay $10,384, and both figures reflect the real-world claim costs those markets generate rather than arbitrary pricing decisions. 

Use the table below to see where your state falls and benchmark any quote you receive against what comparable homeowners in your area typically pay.

Top 5 Cheapest States

• Hawaii: $50 monthly or $600 annually
• Delaware: $79 monthly or $949 annually
• Vermont: $87 monthly or $1,054 annually
• Oregon: $93 monthly or $1,123 annually
• New Hampshire: $95 monthly or $1,151 annually

Top 5 Most Expensive States

• Florida: $865 monthly or $10,384 annually
• Oklahoma: $640 monthly or $7,683 annually
• Louisiana: $608 monthly or $7,303 annually
• Texas: $559 monthly or $6,715 annually
• Nebraska: $523 monthly or $6,277 annually

State averages mask the variation that happens at the city level, where local risk factors like coastal exposure, crime rates and urban density can push a city's average far above or below what the state as a whole pays. 

Louisiana's state average sits at $7,303 per year, for example, but homeowners in coastal cities face premiums that climb substantially higher than that, while some inland cities come in well below it. The table below shows what homeowners in specific cities pay, giving you a more precise read on what the local market looks like.

5 Cheapest Cities

• Honolulu, HI: $49 per month or $598 per year
• Kailua, HI: $49 per month or $598 per year
• Laupahoehoe, HI: $50 per month or $604 per year
• Kilauea, HI: $50 per month or $604 per year
• Newark, DE: $76 per month or $920 per year

5 Most Expensive Cities

• Wilmington, NC: $1,564 per month or $18,772 per year
• Port Aransas, TX: $1,360 per month or $16,326 per year
• Miami, FL: $1,343 per month or $16,122 per year
• Fort Lauderdale, FL: $1,306 per month or $15,680 per year
• Hialeah, FL: $1,305 per month or $15,670 per year

Among the 14 providers in our dataset, annual premiums for the same coverage profile range from $1,088 with AIG Insurance to $5,504 with Progressive, a difference of more than $4,400. That spread reflects real differences in how each company underwrites risk, what discounts they apply automatically and where they actively compete for business. Smaller regional carriers sometimes price below large national ones in their core markets, and not every national insurer writes policies in every state.

Comparing quotes from at least three providers before committing to a policy is the most direct way to confirm you're paying a competitive rate for your area.

*USAA is available only to military members, veterans and their immediate family members.

The amount of coverage you carry determines how much an insurer would need to pay in a total-loss claim, and that obligation is reflected directly in your premium. At $100,000 in dwelling coverage, the average annual premium is $1,828; at $1,000,000, it averages $10,732 per year.

Matching your dwelling coverage to your home's actual replacement cost rather than its market value helps you avoid paying for more protection than you need or carrying less than a full rebuild would require.

A deductible is the portion of any claim you agree to pay yourself before your insurance responds, and choosing a higher one reduces how much risk an insurer is carrying, which they reward with a lower premium. At a $500 deductible, the average annual premium reaches $3,718; a $2,000 deductible brings that down to $3,126. The $592 annual difference may seem modest in a good year, but over five claim-free years, it amounts to nearly $3,000 in savings.

Your personal profile shapes your rate almost as much as your location. Credit score, claims history and home age are among the factors that can move your annual premium by hundreds or thousands of dollars.

Credit score is one of the most impactful pricing factors in home insurance, and the difference across credit tiers is substantial. Homeowners with excellent credit average $2,150 per year, while those with poor credit average $7,136 annually on the same coverage profile, a difference of $4,986. That figure is larger than the entire national average annual premium of $3,467.

California, Maryland and Massachusetts restrict or prohibit the use of credit in insurance pricing, so this factor does not apply in those states.

Each claim on your record signals to insurers that you're more likely to file again, and they price that risk into your renewal. A homeowner with a five-plus-year claim-free history averages $3,467 annually; one claim in the past five years raises that to $4,019, a 16% increase. Two claims in the same window push the average to $4,483 per year, which is nearly $1,000 more than the claim-free baseline.

Filing smaller claims rather than handling them out of pocket is often not worth the long-term premium impact, particularly for repairs you could absorb without significant financial strain.

Older homes cost more to insure because aging systems, materials and construction methods introduce more potential failure points for insurers to account for. A newer home averages $2,379 per year in our data, compared to $3,467 for a middle-aged home and $4,062 for an older one. The $1,683 difference between newer and older reflects the higher expected claim frequency and repair costs that come with age.

Upgrades like a new roof, updated electrical or modernized plumbing can offset some of the premium increase associated with an older home.

The factors covered in this article don't capture everything that can influence your rate. Several additional property and lifestyle factors play a role, and understanding the mechanism behind each can help you identify where you might have room to lower your premium.

MoneyGeek's average home insurance rates are built on filed rate data from Quadrant Information Services, collected directly from state insurance filings across the country. Because carriers are required by law to file their rates with state regulators before charging them, this data reflects the actual premiums available in the market, not estimates from brokers or quote comparison tools. The database covers 57 carriers and 925 ZIP codes spanning all 50 states and Washington, D.C.; in total, we analyzed 384,199,200 quotes.

To produce meaningful comparisons across states, companies and cost factors, we built our analysis around a consistent base profile. Our sample homeowner is 41 to 60 years old with good credit (769 to 792 credit score), no recent claims and standard risk. The home is built in 2000, with wood-frame construction, a composite shingle roof and standard safety features, valued at $250,000 to rebuild. The base policy covers $250,000 in dwelling protection, $125,000 in personal property and $200,000 in liability with a $1,000 deductible.