Average cost by dwelling coverage
| Dwelling coverage | Average per year |
|---|---|
| $200,000 | $1,480 |
| $300,000 | $1,975 |
| $400,000 | $2,490 |
| $500,000 | $3,005 |
| $600,000 | $3,510 |
| $800,000 | $4,445 |
40-year-old homeowner, good credit, $300,000 liability, $1,000 deductible. Source: NerdWallet, May 2026.
Most and least expensive states
| Most expensive | Per year | Least expensive | Per year |
|---|---|---|---|
| Oklahoma | $7,255 | Hawaii | $900 |
| Nebraska | $6,015 | Vermont | $1,170 |
| Kansas | $5,455 | Delaware | $1,365 |
| Arkansas | $4,955 | Alaska | $1,385 |
| Texas | $4,915 | New Jersey | $1,480 |
The priciest states share one thing: frequent severe storms, hail and tornadoes. Rebuilding costs and local claims history also play a big part.
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Sponsored listings. FindBestInsurance may be paid when you click them.What affects your premium
| Factor | Effect on average premium |
|---|---|
| One previous claim | $2,750 vs $2,490 (+10%) |
| Poor credit (where allowed) | $4,290 vs $2,490 (+72%) |
- Rebuilding cost of your home, not its market value.
- Location: storm, wildfire, crime and distance to a fire station.
- Roof age and material, plumbing, electrical and heating systems.
- Deductible: a higher deductible lowers your premium.
- Claims history for you and the property.
- Credit-based insurance score in most states.
About a third (34%) of homeowners in NerdWallet’s survey said their premium went up in the past year. See how to lower your home insurance.
Frequently asked questions
What is the average cost of home insurance?
About $2,490 a year, or $208 a month, for $400,000 of dwelling coverage, based on NerdWallet’s 2026 analysis.
Which state has the most expensive home insurance?
Oklahoma, at about $7,255 a year, followed by Nebraska, Kansas, Arkansas and Texas.
Does a claim raise home insurance?
Usually. One claim raised the average premium about 10%, from $2,490 to $2,750.
Is home insurance required?
Not by law, but mortgage lenders require it until the loan is paid off.
Sources
- NerdWallet: The average home insurance cost in the U.S. for 2026 (updated May 6, 2026)
- Insurance Information Institute: What is covered by a standard homeowners policy?
Figures checked November 7, 2026. Insurance rules and prices change and vary by state and insurer; confirm details with the insurer or your state.