Homeowners nationwide must manage diverse risks. From natural disasters to robberies, there are innumerable exposures waiting to strike.
Fortunately, a good home insurance plan can provide adequate protection. Unfortunately, a good home insurance can cost you — especially depending on where you live in the United States.
Geography, among other variables, factors into home insurance costs. Certain states frequently suffer catastrophic losses from some type of natural disaster, and home insurance accounts for this in their pricing. But while a number of states have high prices for home insurance, many do not. So which state has the most affordable home insurance?
A recent article by howmuch.net found the most affordable home insurance by state using data from insurance.com. Can you guess which state is home to the most affordable home insurance in the country?
Related: The top 10 states Americans moved out of in 2017
|
(Photo: Shutterstock)
|10. Delaware
|$1,306 (average annual cost of homeowners' insurance)
Related: How to manage a collision between HOAs and homeowners insurance
||
(Photo: Shutterstock)
|9. Maine
|$1,276 (average annual cost of homeowners' insurance)
Related: In-home IoT sensors could become the new normal
||
(Photo: Shutterstock)
|8. New Hampshire
|$1,243 (average annual cost of homeowners' insurance)
Related: Fire prevention: 5 potential fire risks in your home
||
(Photo: Shutterstock)
|7. Nevada
|$1,204 (average annual cost of homeowners' insurance)
Related: The top 10 states Americans moved to in 2017
(Photo: Shutterstock)
|6. Washington
|$1,155 (average annual cost of homeowners' insurance)
Related: NTSB says speed control system could have prevented Washington state Amtrak crash
5. Oregon
|$1,137 (average annual cost of homeowners' insurance)
Related: Navigating the haze of marijuana coverage
4. Idaho
|$1,106 (average annual cost of homeowners' insurance)
|Related: Top 10 states for homeowners' insurance protections
||
(Photo: Shutterstock)
|3. Utah
|$1,105 (average annual cost of homeowners' insurance)
Related: Top spring hazards homeowners face in each of 8 U.S. regions
(Photo: Shutterstock)
|2. Vermont
|$1,033 (average annual cost of homeowners' insurance)
Related: 5 homeowner tips to reduce fall & winter property damage, insurance costs
(Photo: Shutterstock)
|1. Hawaii
|$703 (average annual cost of homeowners' insurance)
Related: 2018′s 10 worst states to drive in
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Denny Jacob
Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].
