Average Home Insurance Rates by State

The national association of insurance commissioners (NAIC) released its homeowners insurance report, providing data for average costs by state and other information.

Although the cost of real estate differs in each state, it still gives you a good idea what an average rate would be in each state.

Also, insurance companies have a team of professionals that evaluate risk, so the costs may be a good indicator of what is the safest place to own a home.

The Texas Department of Insurance develops policy forms similar, but not identical to homeowners policies countrywide, and should not be directly compared with any other state. The average in Texas is $1,372.

States with higher rates
1) Louisiana $1,144
2) Florida $1,083
3) Dist. of Columbia $963
4) Mississippi $939
5) Oklahoma $996

States with lower rates
1) Idaho $457
2) Utah $477
3) Oregon $491
4) Delaware $498
5) Wisconsin $495

The national average for home insurance is $764. The average rates for renters insurance countrywide is $193, and does not vary much by state. The study is based on premiums in 2005.