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Homeowners Insurance Cost by State (Official Averages)

Checked against official sources · Last reviewed October 13, 2026

Average homeowners insurance premium by state (2023)

The table shows the average yearly premium for HO-3 homeowners policies in each state and the District of Columbia in 2023, exactly as the NAIC published it in Table 4 of its 2023 homeowners report. HO-3 is the most common policy form: countrywide, 79.5% of owner-occupied homeowners coverage was written on it in 2023.

Florida's 2023 average was $2,779 and California's was $1,655. The NAIC got its Texas figures from the Texas Department of Insurance and its California figures from the California Department of Insurance. Historically, Texas used policy forms developed by its insurance department, which the NAIC describes as "similar, but not identical" to homeowners forms used countrywide. [1]

What this average means, and what it doesn't

The NAIC figure is total written premium divided by the number of "house-years." One house-year is one home covered for 12 months. So the average is the cost of one year of coverage on one home, across every coverage amount sold in that state.

Keep these limits in mind:

- It is 2023 data. The report was published in July 2026. Newer NAIC research (below) shows premiums kept rising in 2023 and 2024. - It is not a quote. The NAIC itself calls average premium "an imperfect measure of the relative 'price' of insurance." Your premium depends on how much insurance you buy (usually based on your home's value), what property and perils are covered, and the limits and deductibles you choose. - Higher coverage amounts cost more. Countrywide, the HO-3 average was $954 for homes insured for under $150,000 and $4,314 for homes insured for $1,000,000 or more. - Earthquake coverage is not in the numbers. The NAIC says earthquake premiums are not included. - FAIR plans are partly included. FAIR plan data are included "to the extent that data are reported to statistical agents," and 12 state last-resort plans (including Florida Citizens and Louisiana Citizens) sent data directly. Premiums for those plans' wind-only add-on policies are counted, but not as extra homes, so where those plans write wind-only coverage, the state average partly reflects what owners pay for two policies. [1][2]

Why premiums differ so much from state to state

The NAIC's report lists the main reasons average premiums vary across the country:

- Home values and building costs. The amount of insurance you need is based on your home's value, so premiums are often higher where real estate and construction cost more. - Catastrophe risk. Brush and forest fires are more common in the West, hurricane risk is greater in southeastern coastal areas, and tornado risk is greatest in the central and southeastern United States. Insurers use computer models to estimate what future catastrophes could cost. - Building codes and features. Stricter building codes call for more expensive materials, and the cost to repair or replace them has pushed premiums up. Over the long run, the NAIC says, stricter codes make homes less vulnerable to damage, which "can help to reduce premiums." - Fire protection. How close your home is to a fire station and working hydrants affects rates. - The economy. Inflation raises premiums over time. - State rules. States differ in whether insurers must get rates approved before using them. [1]

Why is my home insurance going up? What federal and state regulators found

The U.S. Treasury's Federal Insurance Office (FIO) studied more than 246 million homeowners policies from 2018 through 2022 in its January 2025 report, Analyses of U.S. Homeowners Insurance Markets, 2018-2022. Its main findings:

- Average premiums per policy nationwide rose 8.7% faster than inflation from 2018 to 2022. - In the 20% of ZIP codes with the biggest increases, premiums rose at least 14.7% faster than inflation. - In the 20% of ZIP codes with the highest expected losses from climate-related disasters, homeowners paid an average inflation-adjusted premium of $2,321 per policy, 82% more than in the lowest-risk 20%. - Insurers did not renew 1.20% of policies in 2022, up from 1.05% in 2018. In the highest-risk ZIP codes the five-year average was 1.61%, about 80% higher than in the lowest-risk ZIP codes. - Of the climate-related perils FIO studied, hurricanes caused the most expected losses to buildings and were associated with the highest premiums per policy and nonrenewal rates.

FIO names several forces pushing premiums up:

- Rebuilding costs. The price index for single-family home construction materials rose 36% from 2018 to 2022, and construction workers' employment costs rose 37%. - Reinsurance. Reinsurance is insurance that insurance companies buy. FIO describes a "hard market," with reinsurers raising rates and making insurers keep more of the risk. - More homes in risky places. About 0.9 million new homes were built in the highest-risk areas from 2018 to 2022. - Lawsuit costs. Insurers' defense and cost-containment expenses rose almost 40% from 2018 to 2022, then fell almost 15% in 2023. - More disasters. The yearly number of billion-dollar weather and climate disasters from 2018 through 2022 was more than five times the 1980s level, after adjusting for inflation.

FIO also found that state FAIR plans and other insurers of last resort grew more than 50% from 2018 to 2022, to more than 2.7 million policies, mostly in California, Florida and Louisiana. Those plans "generally cover fewer perils at a higher price" than private policies.

Newer data shows the trend continuing. A July 2026 research report from the NAIC's Center for Insurance Policy and Research, using data insurers report to state regulators each year, found:

- Adjusted for inflation, average premium per policy rose 18.3% to 43.3% from 2018 to 2024, depending on the region (the report uses four NAIC zones, not states), with the biggest increases in 2023 and 2024. - Insurers reported 2,019,799 company-initiated nonrenewals in 2024. That is 19.6 for every 1,000 policies, up from 10.5 per 1,000 in 2022. - The Southeast had the highest average premium per policy in 2024 ($1,818) and the Northeast the lowest ($1,396). This report measures premium differently from the state table above, so the two figures aren't directly comparable. [2][3]

What to do if your premium jumped

The NAIC's consumer guide to home insurance suggests these steps:

1. Compare quotes for the same coverage. Different insurers charge different rates for the same coverage. Ask each one for the same coverages and limits, give each the same information, and get quotes in writing. 2. Ask about discounts. Some insurers give discounts if you disaster-proof your home (for example, add storm shutters), get a new roof, update electrical or plumbing, or add security devices. See our guides to a wind mitigation inspection, a FORTIFIED roof and wildfire home hardening. 3. Look at your deductible. A higher deductible means a lower premium, but make sure you can afford it if you have a loss. In some places there are also percentage deductibles for catastrophes. 4. Check your coverage amount. Know what it would cost to rebuild your home, which is not the same as its purchase price. 5. Don't let your policy lapse. If it lapses, your mortgage lender will likely insure the home itself, and that premium may be much higher with coverage limited to the structure. 6. Use your state insurance department. Check whether it publishes premium comparison guides and complaint data for insurers.

If your insurer dropped you instead, start with our nonrenewal guide. If no regular insurer will cover your home, your state's last-resort plan may; see FAIR plans by state. [3][4]

Related calculators

- Dwelling coverage calculator: estimate what it might cost to rebuild your home, a number the NAIC says you need to know when choosing coverage. - Hurricane deductible calculator: see what a percentage deductible would mean in dollars. - Home insurance cost calculator: the NAIC average for your state and amount of insurance, from the same report. [4]

Newer and more detailed data

FIO also published its 2018-2022 figures by ZIP code in a spreadsheet that includes premiums per policy and nonrenewal rates. Treasury says it did not validate the data for each ZIP code.

In March 2026, state regulators working through the NAIC started a new homeowners data call. It collects ZIP-code-level data on premiums, policies, claims, deductibles, nonrenewals and coverage types. [2][5]

Questions people ask