The price of home insurance is generally not something house hunters consider as they strategize a fresh start in a new place. But they probably should, especially when the buyers in question are looking for a new home where they can curb expenses, perhaps because they're downsizing or retiring. The average home insurance premium in the United States in 2020 is $2,305, according to insurance.com, a web site designed to educate consumers about their coverage needs and then refer those prospects to appropriate insurance carriers. The site recently published an article that not only revealed the national average for homeowners' insurance premiums but also illustrated the vast discrepancy between the most and least expensive premiums. Related: Top 10 most expensive U.S. ZIP codes for home insurance While it might be convenient to peg home insurance premiums to property values, insurance.com Editorial Director Michelle Megna walks consumers through the many factors that can impact the price of their home insurance including the type of dwelling and the amount of liability coverage needed. "With every type of insurance coverage, it's true that the cheapest policy isn't always the wisest choice," Megna writes. "You want an insurance company that is financially healthy and that has a good reputation for service." The slideshow above reveals the ten places in the U.S. with the least expensive home insurance premiums, according to insurance.com. Related: |

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