| Top 10 Most Expensive And Least Expensive States For Homeowners Premiums, 2015 (1) |
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| Rank |
Most expensive states |
Average expenditure |
Rank |
Least expensive states |
Average expenditure |
| 1 |
Florida |
$1,993 |
1 |
Oregon |
$643 |
| 2 |
Texas (2) |
1,991 |
2 |
Utah |
673 |
| 3 |
Louisiana |
1,945 |
3 |
Idaho |
692 |
| 4 |
Oklahoma |
1,879 |
4 |
Nevada |
737 |
| 5 |
Kansas |
1,531 |
5 |
Wisconsin |
750 |
| 6 |
Mississippi |
1,508 |
6 |
Delaware |
780 |
| 7 |
Rhode Island |
1,446 |
7 |
Arizona |
810 |
| 8 |
Connecticut |
1,411 |
8 |
Washington |
811 |
| 9 |
Colorado |
1,383 |
9 |
Ohio |
819 |
| 10 |
Massachusetts |
1,379 |
10 |
Maine |
843 |
(1) Based on the HO-3 homeowner package policy for owner-occupied dwellings, 1 to 4 family units. Provides all risks coverage (except those specifically excluded in the policy) on buildings and broad named-peril coverage on personal property, and is the most common package written.
(2) The Texas Department of °µÍø½ûÇø developed home insurance policy forms that are similar but not identical to the standard forms. In addition, due to the Texas Windstorm Association (which writes wind-only policies) classifying HO-1, 2 and 5 premiums as HO-3, the average premium for homeowners insurance is artificially high.
Source: © 2017 National Association of °µÍø½ûÇø Commissioners (NAIC). Reprinted with permission. Further reprint or distribution strictly prohibited without written permission of NAIC. |
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