Top 10 Most Expensive And Least Expensive States For Homeowners Premiums, 2014 (1)

 

Rank Most expensive states Average expenditure Rank Least expensive states Average expenditure
1 Florida $2,055 1 Oregon $574
2 Texas (2) 1,947 2 Idaho 590
3 Louisiana 1,847 3 Utah 634
4 Oklahoma 1,772 4 Wisconsin 686
5 Mississippi 1,447 5 Washington 695
6 Kansas 1,431 6 Nevada 704
7 Rhode Island 1,398 7 Delaware 736
8 Alabama 1,340 8 Arizona  765
9 Connecticut 1,337 9 Ohio 797
10 Massachusetts 1,314 10 Maine 811
(1) Based on the HO-3 homeowner package policy for owner-occupied dwellings, 1 to 4 family units. Provides all risks coverage (except those specifically excluded in the policy) on buildings and broad named-peril coverage on personal property, and is the most common package written. (2) The Texas Department of Insurance developed home insurance policy forms that are similar but not identical to the standard forms. In addition, due to the Texas Windstorm Association (which writes wind-only policies) classifying HO-1, 2 and 5 premiums as HO-3, the average premium for homeowners insurance is artificially high. Source: © 2017 National Association of Insurance Commissioners (NAIC).