Homeowners Insurance Cost by State: Average Annual Premium (NAIC 2023 Data)

By Jordan Avery · Updated 2026-10-03

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The average HO-3 homeowners insurance policy, the most common type, cost $1,737 for a year of coverage in 2023, according to the National Association of Insurance Commissioners (NAIC). By state, the average ranged from $923 in Wisconsin to $3,027 in Louisiana. Renters insurance (HO-4) averaged $173 a year, and condominium and co-op unit owners’ policies (HO-6) averaged $658. These figures come from the NAIC’s homeowners insurance report with data for 2023, published in July 2026, the latest edition.

Homeowners insurance is usually billed once a year. If you have a mortgage, your lender often pays it from an escrow account; if not, the full premium comes due at renewal. This page lists the averages for every state and the District of Columbia and shows how to plan for the bill.

Average homeowners insurance premium by state, 2023

The table is sorted by the average HO-3 premium, highest first. The countrywide row is in bold at its place in the order. The monthly set-aside is the HO-3 average divided by 12.

State	HO-3 homeowners policy	Monthly set-aside (÷12)	All owner-occupied policies	Renters (HO-4)	Condo/co-op (HO-6)
Louisiana	$3,027	$252	$2,860	$250	$992
Texas	$2,864	$239	$2,762	$201	$999
Florida	$2,779	$232	$2,482	$186	$1,146
Colorado	$2,492	$208	$2,601	$166	$657
Oklahoma	$2,486	$207	$2,398	$220	$752
Rhode Island	$2,396	$200	$2,318	$184	$607
Nebraska	$2,142	$178	$2,148	$146	$442
Massachusetts	$2,134	$178	$2,134	$180	$537
Connecticut	$2,036	$170	$2,063	$177	$459
Mississippi	$2,029	$169	$2,007	$263	$764
Minnesota	$1,988	$166	$2,037	$137	$468
Alabama	$1,906	$159	$1,862	$219	$751
Arkansas	$1,870	$156	$1,868	$208	$697
Wyoming	$1,853	$154	$1,958	$141	$596
North Carolina	$1,852	$154	$1,771	$174	$637
Georgia	$1,828	$152	$1,773	$206	$748
New York	$1,801	$150	$1,770	$176	$781
Montana	$1,768	$147	$1,865	$163	$642
South Carolina	$1,753	$146	$1,728	$187	$628
Countrywide	$1,737	$145	$1,731	$173	$658
Kansas	$1,733	$144	$1,801	$163	$433
California	$1,655	$138	$1,675	$171	$722
Tennessee	$1,649	$137	$1,644	$189	$592
South Dakota	$1,614	$134	$1,651	$125	$380
Missouri	$1,589	$132	$1,675	$173	$474
Maryland	$1,578	$132	$1,562	$162	$468
New Jersey	$1,551	$129	$1,560	$151	$521
Hawaii	$1,549	$129	$1,591	$178	$465
District of Columbia	$1,545	$129	$1,570	$155	$504
Virginia	$1,537	$128	$1,506	$158	$539
Kentucky	$1,525	$127	$1,484	$160	$481
New Mexico	$1,490	$124	$1,540	$177	$521
Illinois	$1,480	$123	$1,544	$155	$522
North Dakota	$1,414	$118	$1,441	$127	$338
Iowa	$1,342	$112	$1,379	$142	$367
New Hampshire	$1,300	$108	$1,332	$153	$421
Indiana	$1,259	$105	$1,304	$167	$431
Washington	$1,232	$103	$1,266	$165	$512
Pennsylvania	$1,217	$101	$1,179	$153	$474
Alaska	$1,216	$101	$1,188	$193	$521
Vermont	$1,215	$101	$1,231	$155	$413
Delaware	$1,196	$100	$1,191	$146	$544
Arizona	$1,194	$100	$1,272	$166	$603
West Virginia	$1,179	$98	$1,141	$172	$375
Maine	$1,150	$96	$1,177	$146	$437
Idaho	$1,135	$95	$1,191	$152	$570
Ohio	$1,116	$93	$1,130	$163	$386
Michigan	$1,110	$92	$1,157	$178	$413
Utah	$1,107	$92	$1,167	$148	$379
Nevada	$1,013	$84	$1,059	$174	$531
Oregon	$1,003	$84	$1,086	$160	$483
Wisconsin	$923	$77	$968	$133	$331

Source: NAIC, Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owner’s Insurance Report: Data for 2023, Table 4 and Table 5, “Total” rows for each state. Averages are rounded to the nearest dollar as published.

What the policy forms mean

The NAIC reports each standard policy form separately.

HO-3 gives “all-risks” coverage on the building and broad named-peril coverage on personal property. The NAIC says 79.5 percent of homeowners owner-occupied exposures were written on this form in 2023, so it is the closest thing to a typical homeowners policy.
All owner-occupied policies combines the five homeowners forms (HO-1, HO-2, HO-3, HO-5 and HO-8) with dwelling fire policies, which give more limited coverage. In most states it is close to the HO-3 figure.
HO-4, renters insurance, covers a tenant’s personal property and liability, not the building.
HO-6, condominium and co-op unit owners’ insurance, covers personal property, liability and the parts of the unit the owner is responsible for. The building itself is usually insured by the association.

The NAIC measures premiums per “house-year,” one year of coverage on one dwelling. Each average is total written premium divided by house-years. This page checked that every state average in the table equals premium divided by house-years, within $1.

Where homeowners insurance costs the most and least

The Gulf Coast and the Plains lead. Louisiana ($3,027), Texas ($2,864) and Florida ($2,779) have the highest HO-3 averages, followed by Colorado ($2,492) and Oklahoma ($2,486). Nineteen states are above the countrywide average of $1,737; the District of Columbia ($1,545) is below it. The median state average is $1,551.

The lowest premiums are in the Upper Midwest and the West. Wisconsin ($923), Oregon ($1,003), Nevada ($1,013), Utah ($1,107) and Michigan ($1,110) have the lowest HO-3 averages.

Renters insurance is low everywhere. State averages for HO-4 run from $125 in South Dakota to $263 in Mississippi, roughly $10 to $22 a month.

Condo insurance follows the coast. HO-6 averages are highest in Florida ($1,146), Texas ($999) and Louisiana ($992) and lowest in Wisconsin ($331) and North Dakota ($338).

The NAIC calls average premium “an imperfect measure” of the relative price of insurance. Premiums depend on the amount of coverage bought, which tracks home values and construction costs, the perils covered, deductibles and limits. Exposure to hurricanes, hail, tornadoes, wildfire and other catastrophes also differs widely between states. Earthquake coverage, often added by endorsement, is not included in the data.

Two states have data differences to note. Texas data come from the Texas Department of Insurance, and some Texas insurers still use the state’s own policy forms, which are similar but not identical to the standard forms. California data come from the California Department of Insurance.

Premiums have been rising

The 2023 report does not compare 2023 with 2022. In its previous edition, the NAIC reported that the average premium for dwelling fire and homeowners owner-occupied policies rose 10.5 percent from 2021 to 2022, and the HO-3 average rose 11.26 percent. In an August 2026 analysis of market conduct data, the NAIC reported that average premium per policy rose in every one of its four regions from 2018 to 2024, by 18.3 to 43.3 percent after adjusting for inflation.

A 2023 average is therefore a historical benchmark, not a quote. Your renewal notice or your lender’s escrow analysis is the figure to plan with.

Planning for an annual homeowners insurance bill

If your lender pays it through escrow, the premium is already in your monthly mortgage payment. Do not save for it again. The Consumer Financial Protection Bureau explains that when insurance premiums or taxes change, the escrow payment changes too, so a big renewal increase can raise your monthly mortgage payment. Read the annual escrow statement when it arrives.

If you pay it yourself, treat the renewal like any other annual bill:

Use your own premium and renewal date. They are on your declarations page.
Divide by the months until renewal. At the countrywide HO-3 average of $1,737, a full year of saving is $144.75 a month. If the renewal is five months away and nothing is saved, it is $347.40 a month.
Watch for the renewal notice. Insurers usually send it before the policy renews. If the premium has gone up, reset the monthly amount right away, and compare coverage and deductibles before you accept it.
Keep the deductible separately in mind. A claim requires paying the deductible out of pocket. That belongs in an emergency fund, not in the renewal set-aside.

The annual bill calendar maps each renewal by its due date, reports the long-run monthly contribution and finds the starting balance your schedule needs. Homeowners usually face property tax as well; see property taxes by state and what U.S. households spend on non-monthly bills. For car insurance, see car insurance cost by state.

This page is general information, not insurance advice. Your state insurance department can explain coverage rules and complaint options in your state.

About the NAIC data

The NAIC compiles the report from statistical agents. For all states except Texas and California, the data were provided by the American Association of Insurance Services, ISO Data, the National Independent Statistical Service, Independent Statistical Service and the Mutual Service Office. State FAIR plans are included to the extent their data are reported to statistical agents. Since the 2011 data year, the report has sought to include residual market data directly. The NAIC notes that the report may not include every statistical agent.

Data were retrieved on October 3, 2026. The values on this page were read from the “Total” rows of Tables 4 and 5 for each state and checked against the premium and exposure figures in the same rows.

Sources

Figures on this page are general-information estimates, not professional advice. Check the stated assumptions and any linked sources, and use a qualified professional where the decision requires one.