Home / Rankings / Lowest Home Insurance States with the Lowest Home Insurance Costs (2026) Homeowners insurance is a required cost that varies widely by state, driven by natural disaster risk, building costs, and regulation. States with low catastrophe exposure can offer premiums under $1,200 per year, while storm-prone states may cost three to four times that. Here are all 50 states ranked by annual insurance cost.
1
Vermont Median: $380K Tax: 1.9% Insurance: $1,100/yr
$1,100/yr
Annual Insurance
2
Hawaii Median: $830K Tax: 0.28% Insurance: $1,200/yr
$1,200/yr
Annual Insurance
3
Utah Median: $480K Tax: 0.58% Insurance: $1,200/yr
$1,200/yr
Annual Insurance
4
Delaware Median: $355K Tax: 0.56% Insurance: $1,300/yr
$1,300/yr
Annual Insurance
5
Maine Median: $350K Tax: 1.3% Insurance: $1,300/yr
$1,300/yr
Annual Insurance
6
Wisconsin Median: $280K Tax: 1.76% Insurance: $1,300/yr
$1,300/yr
Annual Insurance
7
Alaska Median: $350K Tax: 1.19% Insurance: $1,400/yr
$1,400/yr
Annual Insurance
8
$1,400/yr
Annual Insurance
9
Ohio Median: $215K Tax: 1.56% Insurance: $1,400/yr
$1,400/yr
Annual Insurance
10
Oregon Median: $480K Tax: 0.93% Insurance: $1,400/yr
$1,400/yr
Annual Insurance
11
$1,400/yr
Annual Insurance
12
$1,400/yr
Annual Insurance
13
New Jersey Median: $505K Tax: 2.47% Insurance: $1,500/yr
$1,500/yr
Annual Insurance
14
Idaho Median: $420K Tax: 0.63% Insurance: $1,600/yr
$1,600/yr
Annual Insurance
15
Washington Median: $580K Tax: 0.98% Insurance: $1,600/yr
$1,600/yr
Annual Insurance
16
Indiana Median: $240K Tax: 0.84% Insurance: $1,700/yr
$1,700/yr
Annual Insurance
17
Maryland Median: $420K Tax: 1.09% Insurance: $1,700/yr
$1,700/yr
Annual Insurance
18
Nevada Median: $425K Tax: 0.53% Insurance: $1,700/yr
$1,700/yr
Annual Insurance
19
Virginia Median: $400K Tax: 0.82% Insurance: $1,700/yr
$1,700/yr
Annual Insurance
20
Iowa Median: $210K Tax: 1.52% Insurance: $1,800/yr
$1,800/yr
Annual Insurance
21
Michigan Median: $240K Tax: 1.54% Insurance: $1,800/yr
$1,800/yr
Annual Insurance
22
Wyoming Median: $340K Tax: 0.61% Insurance: $1,800/yr
$1,800/yr
Annual Insurance
23
Illinois Median: $270K Tax: 2.07% Insurance: $1,900/yr
$1,900/yr
Annual Insurance
24
New Mexico Median: $280K Tax: 0.8% Insurance: $1,900/yr
$1,900/yr
Annual Insurance
25
Alabama Median: $230K Tax: 0.41% Insurance: $1,950/yr
$1,950/yr
Annual Insurance
26
Arizona Median: $380K Tax: 0.62% Insurance: $2,100/yr
$2,100/yr
Annual Insurance
27
$2,100/yr
Annual Insurance
28
Minnesota Median: $335K Tax: 1.12% Insurance: $2,100/yr
$2,100/yr
Annual Insurance
29
Montana Median: $430K Tax: 0.74% Insurance: $2,100/yr
$2,100/yr
Annual Insurance
30
New York Median: $430K Tax: 1.72% Insurance: $2,100/yr
$2,100/yr
Annual Insurance
31
$2,100/yr
Annual Insurance
32
California Median: $785K Tax: 0.73% Insurance: $2,200/yr
$2,200/yr
Annual Insurance
33
Georgia Median: $340K Tax: 0.92% Insurance: $2,200/yr
$2,200/yr
Annual Insurance
34
$2,200/yr
Annual Insurance
35
Missouri Median: $235K Tax: 0.97% Insurance: $2,200/yr
$2,200/yr
Annual Insurance
36
$2,200/yr
Annual Insurance
37
$2,300/yr
Annual Insurance
38
$2,300/yr
Annual Insurance
39
Kentucky Median: $210K Tax: 0.83% Insurance: $2,400/yr
$2,400/yr
Annual Insurance
40
$2,400/yr
Annual Insurance
41
Tennessee Median: $340K Tax: 0.56% Insurance: $2,400/yr
$2,400/yr
Annual Insurance
42
Arkansas Median: $195K Tax: 0.62% Insurance: $2,500/yr
$2,500/yr
Annual Insurance
43
$2,600/yr
Annual Insurance
44
Nebraska Median: $245K Tax: 1.73% Insurance: $2,800/yr
$2,800/yr
Annual Insurance
45
Kansas Median: $225K Tax: 1.41% Insurance: $2,900/yr
$2,900/yr
Annual Insurance
46
Colorado Median: $520K Tax: 0.51% Insurance: $3,200/yr
$3,200/yr
Annual Insurance
47
Louisiana Median: $195K Tax: 0.55% Insurance: $3,500/yr
$3,500/yr
Annual Insurance
48
Oklahoma Median: $210K Tax: 0.88% Insurance: $3,600/yr
$3,600/yr
Annual Insurance
49
Texas Median: $310K Tax: 1.8% Insurance: $3,800/yr
$3,800/yr
Annual Insurance
50
Florida Median: $395K Tax: 0.86% Insurance: $4,200/yr
$4,200/yr
Annual Insurance
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