Home / Rankings / Cheapest Insurance States with the Lowest Homeowners Insurance Premiums (2026) Homeowners insurance premiums are driven primarily by natural disaster risk, local building costs, and state insurance regulations. States with minimal exposure to hurricanes, tornadoes, and wildfires enjoy significantly lower annual premiums — sometimes under $1,000 per year. Here are all 50 states ranked from cheapest to most expensive homeowners insurance.
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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