The national average cost of home insurance for a policy with a $300,000 dwelling limit is $2,304 per year, according to a recent report from Bankrate.
This comes out to roughly $192 per month, the data showed, with details like location, age and square footage, deductibles, policy limits and the cost of building materials factored into the cost.
“What you pay for your policy will likely be different,” Bankrate said in the report. “Just as coverage needs vary across individual homeowners, so will costs. If you have a loan on your home, your mortgage lender may also get a say in what home insurance coverage is required and whether or not you need a flood policy.”
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
© 2025 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.
Joe Toppe
Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.
