Homeowners insurance premiums vary significantly among U.S. states. In 2018, the residents of the state of Louisiana had to pay on average 1,987 U.S. dollars for homeowner insurance - the highest of any U.S. state in that year.
Average premiums for homeowners insurance in the United States in 2018, by state
(in U.S. dollars)
*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.
**Data provided by the California Department of Insurance.
According to the source, 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.
Average premium = Premiums/exposure per house years. A house year is equal to 365 days of insured coverage for a single dwelling.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Insurance Information Institute. (December 31, 2020). Average premiums for homeowners insurance in the United States in 2018, by state (in U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/216532/most-expensive-us-states-for-homeowners-insurance/
Insurance Information Institute. "Average premiums for homeowners insurance in the United States in 2018, by state (in U.S. dollars)." Chart. December 31, 2020. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/216532/most-expensive-us-states-for-homeowners-insurance/
Insurance Information Institute. (2020). Average premiums for homeowners insurance in the United States in 2018, by state (in U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/216532/most-expensive-us-states-for-homeowners-insurance/
Insurance Information Institute. "Average Premiums for Homeowners Insurance in The United States in 2018, by State (in U.S. Dollars)." Statista, Statista Inc., 31 Dec 2020, https://www.statista.com/statistics/216532/most-expensive-us-states-for-homeowners-insurance/
Insurance Information Institute, Average premiums for homeowners insurance in the United States in 2018, by state (in U.S. dollars) Statista, https://www.statista.com/statistics/216532/most-expensive-us-states-for-homeowners-insurance/ (last visited November 22, 2024)
Average premiums for homeowners insurance in the United States in 2018, by state (in U.S. dollars) [Graph], Insurance Information Institute, December 31, 2020. [Online]. Available: https://www.statista.com/statistics/216532/most-expensive-us-states-for-homeowners-insurance/
