These States Have the Most Expensive Home Insurance

The average annual rate for home insurance comes in at just under $2,400, but in many parts of the country, what homeowners are paying exceeds that figure by far. Insurify lays out the damage, citing rates that rose an average of 20% over the past two years across America. Florida is by far the most expensive state when it comes to home insurance, with a staggering annual rate of $10,996. Compare that to Vermont, where homeowners have to fork over just an average $918. Money notes that the spike in home insurance rates "isn't over yet," with a projected average annual rate of $2,522, a 6% increase, for 2024. Read on for the most and least expensive states when it comes to insuring your home, along with the average annual rate for 2023:

Most expensive states

1. Florida, $10,996
2. Louisiana, $6,354
3. Oklahoma, $5,444
4. Texas, $4,456
5. Mississippi, $4,312
6. Colorado, $4,072
7. Nebraska, $3,962
8. Alabama, $3,939
9. Kansas, $3,437
10. Arkansas, $3,368

Least expensive states

42. Pennsylvania, $1,306
43. New Jersey, $1,267
44. Oregon, $1,232
45. New Hampshire, $1,225
46. Nevada, $1,224
47. Delaware, $1,207
48. Washington, DC, $1,203
49. Hawaii, $1,150
50. Alaska, $1,116
51. Vermont, $918

Check out costs in other states here. (More home insurance stories.)