Top 10 Most Expensive And Least Expensive States For Homeowners Premiums, 2015 (1)

 

Rank Most expensive states Average expenditure Rank Least expensive states Average expenditure
1 Florida $1,993 1 Oregon $643
2 Texas (2) 1,991 2 Utah 673
3 Louisiana 1,945 3 Idaho 692
4 Oklahoma 1,879 4 Nevada 737
5 Kansas 1,531 5 Wisconsin 750
6 Mississippi 1,508 6 Delaware 780
7 Rhode Island 1,446 7 Arizona  810
8 Connecticut 1,411 8 Washington 811
9 Colorado  1,383 9 Ohio 819
10 Massachusetts 1,379 10 Maine 843
(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). Reprinted with permission. Further reprint or distribution strictly prohibited without written permission of NAIC.