• The most expensive states for homeowners insurance tend to be located in Tornado Alley and along the Gulf Coast, led by Oklahoma with an average annual premium of $4,445, well over 60% higher than the national average.
• Hawaiians enjoy the cheapest rates for homeowners insurance at just $499 per year, thanks in large part to the relatively rare occurrences of insurable natural disasters.
• The Northeast and Northwest have below-average rates for insurance, including some states with major metro areas like New York, where it costs just $1,840.
• The national average is $2,305, but most people pay somewhere between $1,500 and $3,000 each year on homeowners insurance.
We found the data for our map at Insurance.com,
a cost comparison website. There are a few assumptions behind the data in our map. Imagine a married couple with excellent credit wanted to insure a home worth $300,000 with typical policy features, like a $1,000 deductible and guest medical coverage of $5,000 per person. We calculated the avera