How Much Does Home Insurance Cost? Get Your Personalized Estimate

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According to the National Association of Insurance Commissioners, the average home insurance premium for a standard policy in 2017 was about $1,200, or roughly $100 per month. That being said, a number of factors will influence the cost of your policy, including:

  • Where you live: The cost of home insurance can vary significantly depending on the region, state, and city you live in.
  • The age of your home: Older homes often come with higher insurance price tags.
  • How much coverage you have: Generally speaking, the more coverage you purchase, the higher your monthly premiums will be.
  • Your deductible: The higher your deductible, the lower your monthly premiums will be; the lower your deductible, the higher your monthly premiums will be.
  • Prior insurance claims: If you have a history of making claims, this can be held against you, just as it might if you were buying car insurance.

Of course, this isn’t a comprehensive list; insurance carriers use many factors to set your prices. 

Get a personalized estimate

To better understand what your policy might cost, you can use our free home insurance calculator. Simply input your address to get a personalized estimate, or adjust the details of your property to get a more accurate assessment. Once you have an estimate, you can get a real quote from our network of 30+ A-rated carriers in less than a minute.

Matic’s tool uses a proprietary machine learning algorithm and a data set of over one million insurance records from real houses and carriers to get you an accurate home insurance estimate. 

Looking for affordable insurance? Compare 40+ home and auto insurance carriers in seconds to find the right option for you. Get your personalized home and auto insurance quotes »

The average cost of home insurance by state

Another way to understand what home insurance costs is to look at the average cost for your state, since your location is a big factor in determining your premium. Take a look at the breakdown of the average cost of home insurance in every state, based on Matic’s policies from 2020.

StateAverage Home Insurance Premium
Alabama$1,430
Alaska$1,873
Arizona$801
Arkansas$1,441
California$963
Colorado$1,455
Connecticut$1,345
Delaware$860
Florida$1,759
Georgia$1,376
Hawaii$1,833
Idaho$634
Illinois$1,212
Indiana$1,102
Iowa$1,102
Kansas$1,485
Kentucky$1,326
Louisiana$1,868
Maine$862
Maryland$982
Massachusetts$1,350
Michigan$1,247
Minnesota$1,461
Mississippi$1,247
Missouri$1,470
Montana$1,081
Nebraska$1,517
Nevada$750
New Hampshire$886
New Jersey$1,126
New Mexico$1,127
New York$1,243
North Carolina$953
North Dakota$1,135
Ohio$937
Oklahoma$1,899
Oregon$590
Pennsylvania$1,046
Rhode Island$1,477
South Carolina$1,170
South Dakota$1,147
Tennessee$1,293
Texas$1,592
Utah$761
Vermont$536
Virginia$874
Washington$854
West Virginia$1,279
Wisconsin $955
Wyoming$1,352

Wondering if you have the best home insurance rate for you? At Matic, we’re here to help make the process as easy as possible. In just a few seconds, you can get your own personalized quote and begin saving today.

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