Buying home insurance is a reality that all homeowners must face. Although it is not mandated by law to have homeowners insurance, your mortgage lender will likely require coverage. And with good reason.
There are a number of risks associated with going without homeowners insurance, including financial risk, risk of foreclosure, lack of lawsuit protection and loss of your belongings. Rates are determined, in part, by where you live, since factors like extreme weather and the frequency of natural disasters up the likelihood that you’ll make a claim.
If you’re curious about which states have the most and least affordable rates for home insurance, GoBankingRates has compiled a super handy list. GoBankingRates used data collected from Insurance.com to determine the average cost of home insurance in each state, from cheapest to most expensive. They found that, on average, home insurance costs $3,798 across the country—but the average prices paid in each state varied drastically.
Remember: These are averages, so the prices reflected here may not exactly match how much you pay for your policy!
51. Hawaii: $703
Thanks to their moderate climate, you can snag home insurance in this island state for an average of $703 a year.
50. Vermont: $1,033
With the lowest property crime rate in the nation, home insurance in this Northeastern state averages just over $1,000 annually.
49. Utah: $1,105
Utah doesn’t see many natural disasters, keeping their rate affordable.
48. Idaho: $1,106
A combination of a low rate of property crime and lack of natural disasters means you won’t shell a ton of dough for insurance in Idaho.
47. Oregon: $1,137
Although there are fires in this Western state, their homeowners insurance is still just over $1,000.
46. Washington: $1,155
Fires are also the most common natural disaster in Oregon, keeping their average rate relatively low.
45. Nevada: $1,204
The desert state of Nevada also can claim fires as its main source of natural disasters.
44. New Hampshire: $1,243
Back on the East coast, low property crime rates keep insurance costs down.
43. Maine: $1,276
Maine clocks in just a bit higher at $1,276.
42. Delaware: $1,306
Delaware has a low incidence of natural disasters, despite the fact that hurricanes can happen there.
41. New Jersey: $1,318
New Jersey enjoys a low level of property crime, keeping its average rate pretty low.
40. Arizona: $1,351
Residents in this warm-weather state can expect to pay just over $1,300 a year on homeowners insurance.
39. Washington, D.C.: $1,365
Relatively good weather keeps our nation’s capital’s rates reasonable.
38. Wisconsin: $1,439
While severe storms can cause property damage in the dairy state, other types of natural disasters are relatively uncommon.
37. Ohio: $1,537
Severe storms and floods are the main problems in this Midwestern state.
36. North Carolina: $1,538
The Tar Heel state has seen its fair share of hurricanes, putting its average annual rate just about $1,500.
35. Pennsylvania: $1,587
Pennsylvania’s avere rates also clock in at just over $1,500.
34. California, $1,619
Frequent wildfires are a common cause of claims in the Golden State.
33. Alaska: $1,643
Alaska has had a variety of natural disasters over the years, including severe storms, fires and floods.
32. Maryland: $1,692
Maryland’s average rates come in at just under $1,700.
31. Illinois: $1,786
The Land of Lincoln has seen severe storms, floods and tornadoes, but has a low rate of property crime.
30. Connecticut: $1,789
Although overall rates of natural disaster are low here, this state does experience, wind, hail, water damage nad freezing, which are the most common types of home insurance claims, which may be why their average rate is not lower.
29. Virginia: $1,877
Virginia’s average rate is close to $1,900 a year.
28. Wyoming: $1,888
Fires are the main culprit behind claims here, which can be some of the most expensive.
27. New York: $1,988
New York was ravaged by Hurricane Sandy in 2012 and has also experienced a number of severe storms. However, the state has the second-lowest rate of property crime in the country.
26. Michigan: $1,997
Michigan’s yearly average rate is just below $2,000.
25. Montana, $1,999
Montana has had 34 natural disaster-level fires since 1953, making its rate somewhat costly.
24. New Mexico: $2,012
New Mexico is the first state on the list where the average rate hits over $2,000.
23. Massachusetts: $2,050
While this East coast state is relatively safe, cold temperatures up this state’s average rate.
22. Iowa: $2,063
Iowa has it all in terms of natural disasters: severe storms, tornadoes, ice storms and snow, oh my!
21. Indiana: $2,082
Severe storms are the most common disaster in this Midwestern state.
20. Georgia: $2,212
High property crime rates in this Southern state likely account for its higher average rate.
19. Minnesota: $2,252
Tornadoes, thunderstorms and hail all cause problems in Minnesota.
18. Colorado: $2,311
Costly fires drive up the price of insurance in Colorado.
17. North Dakota, $2,313
Brutal winters filled with snow and ice can lead to flooding and freezing, driving up prices in North Dakota.
16. Kentucky: $2,471
Kentucky’s average rate clocks in at $2,471, which sounds costly, but is still below average.
15. West Virginia: $2,494
A variety of problematic weather, including severe storms, hurricanes and snow all contribute to high rates in West Virginia.
14. South Dakota: $2,546
South Dakota’s average rate is just above that of its neighbor, North Dakota.
13. Nebraska: $2,615
Cold temperatures may be to blame for Nebraska’s costly rates.
12. Rhode Island, $2,716
Rhode Island may be the smallest state, but its average rate is definitely on the high end.
11. Tennessee, $2,820
Tennessee has had a variety of natural disasters, including tornadoes, ice storms and even hurricanes.
10. South Carolina, $2,833
South Carolina breaks the top 10 of states with the most expensive rates at $2,833.
9. Missouri, $3,121
Hail causes major damage in Missouri, driving up costs.
8. Kansas, $3,170
Risk of damage-causing weather and older homes in Kansas is a double-whammy that results in high rates.
7. Texas: $3,306
Everything’s bigger in Texas, including their home insurance rates.
6. Arkansas, $4,026
Arkansas is the first on the list to crack the $4,000 mark.
5. Mississippi, $4,351
Mississippi has been pummeled by a number of hurricanes in recent years, and is also no stranger to tornadoes and sever storms.
4. Oklahoma, $4,454
Oklahoma is prone to tornadoes as well as fires and severe storms.
3. Alabama, $4,532
High property crime rates coupled with inclement weather put Alabama at third most expensive state.
2. Louisiana, $6,115
Hurricane Katrina famously devastated the Bayou State in 2005, which caused rates to skyrocket.
1. Florida: $6,892
The average rate in the Sunshine State is nearly $7,000, thanks to a bad combinations of hurricanes, tropical storms and fires.