Home Insurance Rates By State - Whether you're buying a new home or renewing your current insurance policy, you're feeling the financial implications of owning a property. Save money wherever you can, and we're here to help.
With home insurance rates on the rise across the country, our independent insurance agents look forward to using their great insurance powers to protect your modest abode without giving up the benefits you need in your policy.
Home Insurance Rates By State
Being cheap can go south quickly, so try to cover your home insurance policy. The last thing you want to do is insure your home and find a hole in your wall that will never be replaced.
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But don't give up on your savings dreams. We're not here to tell you that you can't get cheap home insurance, we're here to show you how to save money on your policy and everything you need to do to protect your precious sanctity get it if you need it.
Finding home insurance policy discounts is like finding a needle in a haystack. You know it's there, but you never see it.
Most ways to find cheap home insurance are not listed on your policy. However, this does not mean that they do not exist. Here are some secret ways to lower your home insurance premium.
Imagine having a personal shopper who understands every aspect of your body, knows how to accentuate your good points and take away the not-so-great parts, sending you out into the world every day like a rock star.
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Yes, that's what an independent insurance agent is. They know you inside and out. They shop for the best policies and offer you the best option for you. They have a magnifying glass on your needle and find it in the grass every time.
Our independent insurance agents are also just a click away, and you'll be talking to a real person ready to help you find the home insurance policy that fits your wallet and your home.
Now that you know how to find cheap home insurance that doesn't skimp on what you need to protect your home, you can head out into the real world.
Leave our home insurance agent and go to an independent agent to find the best home insurance options for you. Keeping your home safe and sound costs money. But in some states, you may be out of pocket for the cost of your home insurance premium.
Risk Rating 2.0 State Profiles
Finding that perfect home isn't just about buying the perfect home. Many homeowners who want to protect their property from natural disasters such as theft or damage from weather-related events know how important it is to find quality home insurance. However, home insurance is not always cheap. According to the National Association of Insurance Commissioners, homeowner's insurance rates increased 1.6 percent between 2016 and 2017, reflecting a trend of rising home insurance costs. Despite this upward trend, some countries have managed to keep their premium costs relatively low.
Insurance companies use many variables to set a home owner insurance policy. Determining the liability of a home based on its occupants and environment means that home insurance rates can vary based on weather conditions in the area, the likelihood of theft or other property damage such as vandalism. To dive deeper into analyzing homeowners insurance rates and geographic demographics, our research team dug into homeowners insurance data and identified the ten states with the cheapest home insurance rates.
The data science and research team at the homeowners insurance comparison site dug into the Insurance Information Institute's homeowners data to determine the states with the cheapest homeowners insurance. Information about the HO-3 Homeowners Package Policy (for owners of one- to four-family homes) published by the National Association of Insurance Commissioners (NAIC) is a statewide homeowner's insurance policy.
States' median home values were determined by the latest Zillow Home Value Index (HZVI), which is a smooth, seasonally adjusted measure of typical home values and market changes for an area and housing type. Theft rates from the FBI's Uniform Crime Reporting Program are derived from state and national accounts from their Summary Reporting System (SRS).
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Bring on the dancing lobsters, because Maine has some of the lowest home insurance premiums in the country. The average annual home owner premium and average home value are 28 percent and 4 percent higher than the national average, respectively. Maine also has a low rate of theft per capita, with a theft rate 47 percent below the national average. Although Maine does not follow the overall national trend of low average burglary rates, Maine's relatively low number of home burglaries reflects its largely rural population. possible - According to the US Census Bureau, Maine has the highest percentage of rural areas of all fifty states. while theft is more common in denser and more populated areas.
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Ohio has the ninth cheapest home insurance premiums in the nation. With an average price of $862, home insurance in Ohio is 29 percent lower than the national average premium. Additionally, after adjusting for the negative correlation between the overall trend in home values and the burglary rate, the median home value in Ohio is 59 percent below the median. his theft rate is 8% higher than the average. Fortunately, Ohio homeowners can protect their assets and insure their homes at a relatively low cost.
Washingtonians looking to insure their home are in luck—the average home insurance premium in their state is 30 percent less than what the average American pays. Washington's median home value is the fifth highest in the nation and 39 percent higher than the national average, which means you'll need a lot of green to buy a home in the Evergreen State. Given that Washington has a surprisingly high rate of burglary relative to its high average home value (more than 29 percent on average), homeowners who insure their modest home will find that the cost of homeowners insurance is relatively inexpensive. , can breathe easily.
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Your home deserves the best protection at the best price. Find home insurance quotes that fit your budget.
Despite being the second smallest state in the United States, Delaware homeowners can rest assured that their state ranks seventh in the country for home insurance premiums. Homeowner's insurance costs in Delaware average 32 percent below the national average, even though the average home value is about the same as the national average. Delaware's burglary rate is 15 percent below the national average, making Delaware an overall stable and safe state for homeownership.
Arizona ranks sixth among states with the cheapest home insurance premiums. With average home values and a slightly higher burglary rate, home insurance in Arizona averages less than 32 percent, making it a great deal for Arizona homeowners. While Arizona doesn't follow the nationwide trend of states with high burglary rates with lower median home values, Arizona homeowners seem to be lucky enough to get affordable home insurance.
Two is better than one! You can find the best home and car insurance packages in one convenient place.
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The fifth state on our list, Wisconsin, is a true representation of the famous Midwestern hospitality - America's Dairyland State with relatively affordable insurance rates and home values. On average, Wisconsin homeowners can insure their home for 36 percent less than Americans. Wisconsin's median home value is 23 percent below the national average, and its burglary rate is 37 percent below the national average. Owning a home in Wisconsin is like checking all the boxes for home access, insurance premiums, and potential burglaries.
Many people come to Nevada every year to win big in Vegas. Fortunately, Nevada residents are already winners in the field of affordable insurance premiums. Nevada has the fourth lowest cost of home insurance in the US, 38% below the national average. These low premiums equate to average home values and burglary rates of 15 and 35 percent, respectively. Nevada is a similarly puzzling case because these statistics do not match the high burglary rates that go along with average home values. Nevada's typical homeowner's insurance coverage offers high-value protection for a low cost, making it one of the cheapest states to insure your home.
Not only is Idaho known as the Gem State for its mountainous terrain and natural beauty, the state's low homeowner's insurance premiums, which are the third cheapest in the nation, are certainly unique. Idaho homeowners can reduce home insurance costs by 40%
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