How much is home insurance in the USA?

The National Association of Insurance Commissioners (NAIC) study from 2021 states that the typical cost of homeowners insurance is $1,249 per year, or $104.08 per month

By : quickinsuranceguru.com By : quickinsuranceguru.com

A premium is the cost of maintaining your policy, while dwelling coverage pays you for any covered damage to your home's structure.

[{"selector":"#anim-efa77dc7-81b9-4a14-9abe-89dcb450e13f","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-02b194f1-70e4-4cf2-9517-6fae62c7b481","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The place where you live also affects the cost of insurance. States with a higher incidence of severe weather, hurricanes, and tornadoes will typically have higher rates.

[{"selector":"#anim-70d12346-dc75-405b-9776-65b3db2cbb73","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-47b6b8b2-8b17-407e-abd1-f2a88a9e32f8","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

* Texas: $1,955 per year * Florida: $1,960 per year * Oklahoma: $1,944 per year

[{"selector":"#anim-bba9f729-8cc0-4814-ad52-b3ccf31e36a2","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0836c8f2-59d3-4fa9-8fcc-03d71dab13f0","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The structure of your home, its foundation, its interior and exterior walls, and other items built inside the home are all protected by this form of coverage.

[{"selector":"#anim-1624a2b1-742b-4f57-8997-2bfb2cf940c1","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d94e82d6-3513-41c8-955a-0713b2e8c852","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Also referred to as coverage B, offers protection for buildings that are not attached to your house, such as fences and sheds.

[{"selector":"#anim-909a89a3-994c-4a5f-9eec-7208f81c15a1","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ca01f7b3-400a-4fdc-9fb5-b9a65a12c3d6","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

If someone is hurt in your home without your fault, this coverage (coverage F) pays for their medical expenses.

[{"selector":"#anim-e4ec2fa4-4f51-4480-90c0-138a620872c1","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-08cb22da-b2c6-4537-9cab-493202c6a08d","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

As was already said, your house insurance premium will depend on where you live.

[{"selector":"#anim-59bbcf89-181a-4900-a1ba-e204ce6ed399","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-510d2d49-4be2-4ca8-90d0-e589c4d3fb12","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Homeowners with good credit will enjoy a lower insurance rate.

[{"selector":"#anim-3bb4d6d7-106f-48d5-8101-f6334ffb951a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9084cdec-06bf-43af-a1d2-b29a85660a21","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Learn more

A more expensive home will cost more to rebuild, resulting in a higher quoted rate.

[{"selector":"#anim-50ede2e3-f3bd-43dc-b2ab-0e5b0498951b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-082fe681-4c69-40d9-86f9-f8270271e7b7","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Learn more

Even if your policy limits are exceeded, your valuables will be replaced if you choose guaranteed replacement cost coverage, but the monthly premium will be greater.

[{"selector":"#anim-e387116e-7710-4fbf-8045-a60ab0e0af7d","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-be2d57f3-2d67-4843-a28e-1851f0ea0323","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Learn more

We advise collecting estimates from various companies to compare costs if you're planning to buy home insurance or currently have it but want to lower your premiums.

[{"selector":"#anim-cd6dee17-d31a-4c08-8eb1-0cdcd1052eec","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4746c6cb-b458-4e21-a94e-e7a84a54f883","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Learn more

The National Association of Insurance Commissioners (NAIC) study from 2021 states that the typical cost of homeowners insurance is $1,249 per year, or $104.08 per month

The National Association of Insurance Commissioners (NAIC) study from 2021 states that the typical cost of homeowners insurance is $1,249 per year, or $104.08 per month

A premium is the cost of maintaining your policy, while dwelling coverage pays you for any covered damage to your home's structure.

A premium is the cost of maintaining your policy, while dwelling coverage pays you for any covered damage to your home's structure.

The place where you live also affects the cost of insurance. States with a higher incidence of severe weather, hurricanes, and tornadoes will typically have higher rates.

The place where you live also affects the cost of insurance. States with a higher incidence of severe weather, hurricanes, and tornadoes will typically have higher rates.

* Texas: $1,955 per year * Florida: $1,960 per year * Oklahoma: $1,944 per year

* Texas: $1,955 per year * Florida: $1,960 per year * Oklahoma: $1,944 per year

Most Expensive States for Home Insurance

Most Expensive States for Home Insurance

The structure of your home, its foundation, its interior and exterior walls, and other items built inside the home are all protected by this form of coverage.

The structure of your home, its foundation, its interior and exterior walls, and other items built inside the home are all protected by this form of coverage.

Dwelling coverage

Dwelling coverage

Also referred to as coverage B, offers protection for buildings that are not attached to your house, such as fences and sheds.

Also referred to as coverage B, offers protection for buildings that are not attached to your house, such as fences and sheds.

Other structures coverage

Other structures coverage

If someone is hurt in your home without your fault, this coverage (coverage F) pays for their medical expenses.

If someone is hurt in your home without your fault, this coverage (coverage F) pays for their medical expenses.

Medical payments to others coverage

Medical payments to others coverage

As was already said, your house insurance premium will depend on where you live.

As was already said, your house insurance premium will depend on where you live.

What Factors May Affect The Home Insurance Costs?

What Factors May Affect The Home Insurance Costs?

Homeowners with good credit will enjoy a lower insurance rate.

Homeowners with good credit will enjoy a lower insurance rate.

What Factors May Affect The Home Insurance Costs?

What Factors May Affect The Home Insurance Costs?

A more expensive home will cost more to rebuild, resulting in a higher quoted rate.

A more expensive home will cost more to rebuild, resulting in a higher quoted rate.

What Factors May Affect The Home Insurance Costs?

What Factors May Affect The Home Insurance Costs?

Even if your policy limits are exceeded, your valuables will be replaced if you choose guaranteed replacement cost coverage, but the monthly premium will be greater.

Even if your policy limits are exceeded, your valuables will be replaced if you choose guaranteed replacement cost coverage, but the monthly premium will be greater.

We advise collecting estimates from various companies to compare costs if you're planning to buy home insurance or currently have it but want to lower your premiums.

We advise collecting estimates from various companies to compare costs if you're planning to buy home insurance or currently have it but want to lower your premiums.