Are you paying too much for Home Insurance?
Average home insurance premiums by state
The National Association of Insurance Commissioners tracks premiums for HO-3 (protects your home from all perils except those that are specifically excluded) and HO-4 (renters) policies. When comparing your rates to other states, remember that factors driving premiums vary greatly across the country, such as the cost to rebuild a house (and the value of personal property inside), the types of perils covered (such as forest fires, hail and snow storms) and the policy limits and deductibles chosen by homeowners. In addition:
Texas premiums should not be compared to any other state because of Texas's unique insurance policy forms. Florida premiums are underestimated because data did not include rates from Citizens Property Insurance, Florida's insurer of last resort, which has the highest rates in the state. Also, the average includes Florida policies that include windstorm coverage and those that don't, so the average cost of a comprehensive Florida home insurance policy will be higher than the number shown.
Average home insurance premiums
State Average Premium (home insurance) Average Premium (renters insurance)
Alabama $847 $225
Alaska $837 $184
Arizona $635 $219
Arkansas $775 $218
California $895 $157
Colorado $807 $174
Connecticut $823 $199
Delaware $498 $158
Dist. of Columbia $963 $188
Florida $1,083 $202
Georgia $672 $214
Hawaii $837 $215
Idaho $457 $157
Illinois $660 $174
Indiana $639 $177
Iowa $594 $139
Kansas $836 $173
Kentucky $628 $163
Louisiana $1,144 $244
Maine $553 $147
Maryland $696 $163
Massachusetts $827 $220
Michigan $734 $173
Minnesota $790 $150
Mississippi $939 $253
Missouri $688 $173
Montana $663 $163
Nebraska $767 $157
Nevada $671 $211
New Hampshire $636 $157
New Jersey $682 $179
New Mexico $605 $203
New York $842 $223
North Carolina $644 $153
North Dakota $736 $128
Ohio $531 $166
Oklahoma $996 $242
Oregon $491 $168
Pennsylvania $624
South Carolina $817 $189
South Dakota $622 $124
Tennessee $692 $209
Texas $1,372 $269
Utah $477 $146
Vermont $646 $159
Virginia $641 $149
Washington $589 $173
West Virginia $640 $177
Wisconsin $495 $126
Wyoming $649 $158
Countrywide $764 $193
The National Association of Insurance Commissioners tracks premiums for HO-3 (protects your home from all perils except those that are specifically excluded) and HO-4 (renters) policies. When comparing your rates to other states, remember that factors driving premiums vary greatly across the country, such as the cost to rebuild a house (and the value of personal property inside), the types of perils covered (such as forest fires, hail and snow storms) and the policy limits and deductibles chosen by homeowners. In addition:
Texas premiums should not be compared to any other state because of Texas's unique insurance policy forms. Florida premiums are underestimated because data did not include rates from Citizens Property Insurance, Florida's insurer of last resort, which has the highest rates in the state. Also, the average includes Florida policies that include windstorm coverage and those that don't, so the average cost of a comprehensive Florida home insurance policy will be higher than the number shown.
Average home insurance premiums
State Average Premium (home insurance) Average Premium (renters insurance)
Alabama $847 $225
Alaska $837 $184
Arizona $635 $219
Arkansas $775 $218
California $895 $157
Colorado $807 $174
Connecticut $823 $199
Delaware $498 $158
Dist. of Columbia $963 $188
Florida $1,083 $202
Georgia $672 $214
Hawaii $837 $215
Idaho $457 $157
Illinois $660 $174
Indiana $639 $177
Iowa $594 $139
Kansas $836 $173
Kentucky $628 $163
Louisiana $1,144 $244
Maine $553 $147
Maryland $696 $163
Massachusetts $827 $220
Michigan $734 $173
Minnesota $790 $150
Mississippi $939 $253
Missouri $688 $173
Montana $663 $163
Nebraska $767 $157
Nevada $671 $211
New Hampshire $636 $157
New Jersey $682 $179
New Mexico $605 $203
New York $842 $223
North Carolina $644 $153
North Dakota $736 $128
Ohio $531 $166
Oklahoma $996 $242
Oregon $491 $168
Pennsylvania $624
South Carolina $817 $189
South Dakota $622 $124
Tennessee $692 $209
Texas $1,372 $269
Utah $477 $146
Vermont $646 $159
Virginia $641 $149
Washington $589 $173
West Virginia $640 $177
Wisconsin $495 $126
Wyoming $649 $158
Countrywide $764 $193
posted by David Coleman at
7:33 AM
1 Comments:
Thanks very much for the information.
We are paying a lot these days for Florida homeowners insurance. Here are a couple of excellent articles about the situation that we are facing:
Find, Screen, and Contact Florida Home Insurance Companies
Secrets to Affordable Florida Home Insurance
Avoid This Accident Waiting to Happen
By
Freehan, At
August 3, 2008 9:51 PM
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