The Average Cost of Homeowners Insurance

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How Much Does Homeowners Insurance Cost?

A couple sitting on a porch discuss home insurance costAs of November 2024, the average cost of homeowners insurance in the U.S. is $2,304 per year, or $192 per month.2 However, when it comes to homeowners insurance, there’s no one-size-fits-all pricing. That’s why having homeowners insurance is important. It can help cover the costs if your home or personal belongings are damaged from a covered incident. With the AARP® Homeowners Insurance Program from The Hartford,1 you can get the protection you need at a customized cost that works for you.
 

How Much Does Homeowners Insurance Cost in Your State?

Home insurance prices can be affected by localized factors. For example, if you live within a zip code that is more susceptible to storms or natural disasters, your homeowners insurance rate may be higher. That’s because your home is more at risk of being damaged. Labor costs in the area are factored into your rate as well.
 
We’ve compiled an insurance calculator table to give you an idea of what the average rates look like in your state, according to Bankrate’s latest data.3
State Avg. Annual Premium Avg. Monthly Premium Annual Difference
Alabama $2,969 $247
+$818
Alaska $1,189 $99
-$962
Arizona $2,070 $173
-$81
Arkansas $3,019 $252
+$868
California $1,403 $117
-$748
Colorado $2,988 $249
+$837
Connecticut $1,657 $138
-$494
Delaware $1,026 $86
-$1,125
Florida $5,770 $481
+$3,619
Georgia $2,057 $171
-$94
Hawaii $1,146 $85
-$1,005
Idaho $1,201 $100
-$950
Illinois $2,079 $173
-$72
Indiana $1,647 $137
-$504
Iowa $1,881 $157
-$270
Kansas $3,914 $326
+$1,763
Kentucky $2,603 $217
+$452
Louisiana $5,710 $476
+$3,559
Maine $1,154 $96
-$997
Maryland $1,599 $133
-$552
Massachusetts $1,606 $134
-$545
Michigan $1,796 $150
-$355
Minnesota $2,527 $211
+$376
Mississippi $4,289 $357
+$2,138
Missouri $2,099 $175
-$52
Montana $2,311 $193
+$160
Nebraska $5,121 $427
+$2,970
Nevada $1,257 $105
-$894
New Hampshire $941 $78
-$1,210
New Jersey $1,102 $92
-$1,049
New Mexico $2,405 $200
+$254
New York $1,710 $143
-$441
North Carolina $2,535 $211
+$384
North Dakota $2,475 $206
+$324
Ohio $1,460 $122
-$691
Oklahoma $4,675 $390
+$2,524
Oregon $1,050 $87
-$1,101
Pennsylvania $1,144 $95
-$1,007
Rhode Island $1,983 $165
-$168
South Carolina $2,320 $193
+$169
South Dakota $2,529 $211
+$378
Tennessee $2,395 $200
+$244
Texas $4,039 $337
+$1,188
Utah $1,117 $93
-$1,034
Vermont $799 $67
-$1,352
Virginia $1,391 $116
-$760
Washington $1,316 $110
-$835
Washington, D.C. $1,327 $111
-$824
West Virginia $1,328 $111
-$823
Wisconsin $1,145 $95
-$1,006
Wyoming $1,352 $113
-$799
 
We’re here to help you figure out what insurance coverage you need. Our representatives can answer your questions and help you get the policy that best fits your home.
 

What Factors Affect Homeowners Insurance Rates?

To determine your home insurance premium, home insurance companies will often look at your home's:
 
  • Replacement cost
  • Age
  • Location
  • Claims history
  • Type
  • Roof
Learn how each of these factors can impact your rates:
The more it costs to replace your home after a covered loss, the higher your homeowners insurance rate will be. It’s important to insure your home for the right amount, because if your homeowners insurance policy doesn’t cover the entire cost to rebuild your home, you would be responsible for paying the difference.
If your home is older, you may pay higher home insurance rates. Generally, older  homes are more difficult and costly to rebuild after a covered incident.
The geographic location of your home matters. If your home is on the beach, it could increase your homeowners insurance rate due to the area’s higher exposure to windstorms. If your house is near a fire department, it could lower the cost of your homeowners insurance policy, because your homeowners insurance company may see your house as safer and easier to protect from a fire than a home farther from a station.
Owning a pet can have an impact on your homeowners insurance rate.
If you’ve had a number of claims submitted, it can increase your homeowners insurance cost.
The materials used in the construction of your home may impact your homeowners insurance cost.
Your roof’s materials and design can also affect your homeowners insurance rate. For example, you may pay a higher cost if your roof is made of wood, since wood roofs are more prone to fire damage than slate. Gable roofs are more susceptible to wind damage than some other designs, which could result in higher rates. 
Insurance companies typically pull components from your credit report and use them to build an insurance score. Depending on how high or low your score is, you could pay a higher or lower rate. For example, someone with good credit may pay less for their home insurance.
 
A homeowners insurance policy is there when the unexpected strikes, helping to cover the costs if your home or personal belongings are damaged from a covered incident. Home insurance also helps protect you if you are found responsible for someone getting injured or for property damage.
 
When deciding on coverage for your property, it’s important to remember that not all homeowners insurance policies are the same. At The Hartford, we pride ourselves on helping homeowners determine the coverage they need to make sure their homes are protected. For 40 years, The AARP Homeowners Insurance Program from The Hartford has been securing homes and helping AARP members save money. Get your home insurance quote today.
 

How Is Home Insurance Calculated?

man pleased with discovering how is home insurance calculatedFrom location and rebuilding costs to the type of dog you have, a few different factors will determine your home insurance rate.
 
You want to avoid underinsuring your home. If this happens and you need to rebuild, your homeowners insurance policy won’t help cover the entire cost. To make sure you have the right coverage limits, you can contact your insurance company to help figure out how much it would cost to completely rebuild your home if it were destroyed in a storm. They will also factor labor costs into the total cost of the home.
 
Where you live also impacts your rate. A quote for a homeowners insurance policy could change depending on your home’s location. For example, the average annual cost of homeowners insurance in Alabama is $2,969. In Idaho, the average annual cost is $1,201.4
 

Save on Homeowners Insurance Rates

Although there are numerous factors that can impact your homeowners insurance rate, there are also a variety of things that can help you save on your policy, including:
 
  • Roof age: Your roof protects you and your family from all sorts of weather. Depending on how old it is, it could also save you some money on your premium. You may see some homeowners insurance rate savings if your roof is newer.
  • Claims: If you have a clean claims history, your insurance rate may decrease. To an insurer, a clean claims history means you and your home are safe and protected. If you haven’t needed to file a claim in a certain time period, you may receive a discount on your premium.
  • Types of coverage: If you bundle your home and auto coverage with The Hartford, you can save up to 12% on your auto insurance and 20% on home, condo or renters insurance.**
  • Deductible amount: The amount you choose for your home insurance deductible on your homeowners insurance policy affects your rate. If you choose a higher deductible, you may receive a reduced premium cost.

Home Insurance Cost FAQs

“How much is home insurance?” We get this question a lot. On average, people in the U.S. pay around $2,304 per year, or $192 per month, on their homeowners insurance costs.5
Generally, home insurance prices have climbed over the last few years.6 But there are things you can do to keep your monthly cost down, like choosing higher deductibles or bundling your auto and home policies with The Hartford to save over $800.**
You can pay your home insurance either monthly or yearly, whatever works best for you. You can choose to pay your insurer directly or have it paid through an escrow account if you have a mortgage on your property.
Your home insurance cost is based on many factors. For example, if you choose to have a low deductible, your premium may be higher. And, the more personalized coverages you add to your policy, the more it may cost. But, in the event of an accident or disaster, you’ll be better protected.
Some key factors that may influence homeowners insurance rates include:7
 
  • Increases in extreme weather events: Catastrophic weather, like hurricanes, tornadoes and severe thunderstorms, can cause damage to homes and other types of personal property, resulting in insurance losses. The more extreme weather events there are per year, the more losses there may be, which could affect homeowners insurance rates.
  • Inflated material costs: Rising costs for building materials, such as concrete or lumber, may increase the cost to repair or rebuild your home. This could have an impact on your homeowners insurance premium.
 

Why Choose The AARP Homeowners Insurance Program From The Hartford?

For over 200 years, The Hartford has been protecting homeowners and their properties. We’ve earned our reputation as an insurance company you can trust, which you can see by our high ratings in customer and claims service. The AARP Homeowners Insurance Program from The Hartford allows you to easily customize how you protect your home. Get your online quote today or call a representative at 877-422-2345.
 
 
Last Updated: April 24, 2025
 
2,3,4,5,6,7 Bankrate, “Average homeowners insurance cost in November 2024”
** Average savings amounts based on information reported by customers who switched to The Hartford from other carriers between 9/1/22 and 8/31/23. Your savings may vary. Average auto insurance savings is $577 and average home insurance savings is $236. Rate differences for AARP members and non-members vary by state and AARP membership tenure. Auto/Home discount is available only to policyholders who have both their auto and home (or condo or renters) insurance through the AARP Auto & Home Insurance program from The Hartford. The Hartford does not write new business in all areas, including the states of CA and FL.
 
§ Availability of RecoverCare benefit and benefit levels vary by state. The Hartford RecoverCare Advantage® is a registered mark of The Hartford.
 
§§ Terms and conditions apply.
 
‡ Terms and conditions apply. Accident Forgiveness and the Disappearing Deductible are not available to CA policyholders.
 
‡‡ Terms and conditions apply. Availability varies by state.
 
‡‡‡ Based on one car and driver; individual rate/premium/savings will vary based on actual coverage selections and characteristics of vehicle(s)/driver(s).
 
Additional disclosures below.
AARP® Homeowners Insurance
Quick Links
FAQs
Coverages
Additional Resources
Summaries of coverages and policy features are for informational purposes only. In the event of loss, the actual terms and conditions set forth in your policy will determine your coverage.
 
AARP and its affiliates are not insurers. Paid endorsement. The Hartford pays royalty fees to AARP for the use of its intellectual property. These fees are used for the general purposes of AARP. AARP membership is required for Program eligibility in most states.
 
The AARP Auto Insurance Program from The Hartford is underwritten by Hartford Fire Insurance Company and its affiliates, One Hartford Plaza, Hartford, CT 06155. It is underwritten in AZ, MI and MN by Hartford Insurance Company of the Southeast; in CA, by Hartford Underwriters Insurance Company; in WA, by Hartford Casualty Insurance Company; in MA, by Trumbull Insurance Company; and in PA, by Nutmeg Insurance Company and Twin City Fire Insurance Company. The AARP Home Insurance Program from The Hartford is underwritten by Hartford Fire Insurance Company and its affiliates, One Hartford Plaza, Hartford, CT 06155. It is underwritten in AZ, MI and MN by Hartford Insurance Company of the Southeast; in CA by Property and Casualty Insurance Company of Hartford; in WA, by Trumbull Insurance Company; in MA, by Trumbull Insurance Company, Sentinel Insurance Company, Hartford Insurance Company of the Midwest, and Hartford Accident and Indemnity Company; and in PA, by Nutmeg Insurance Company. Home product is not available in all areas, including the state of FL. Savings, benefits and coverages may vary and some applicants may not qualify. The Program is currently unavailable in Canada and U.S. Territories or possessions.
 
1 In Texas, the Auto Program is underwritten by Redpoint County Mutual Insurance Company through Hartford of the Southeast General Agency, Inc. Hartford Fire Insurance Company and its affiliates are not financially responsible for insurance products underwritten and issued by Redpoint County Mutual Insurance Company. The Home Program is underwritten by Hartford Insurance Company of the Southeast.
 
* Customer reviews are collected and tabulated by The Hartford and not representative of all customers.
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