How much does homeowners insurance cost on average?

The average cost varies by location, home value, coverage amounts, and risk factors but typically ranges from $1,000 to $1,500 annually in the United States.

The average cost of homeowners insurance can vary significantly based on multiple factors, including the location of the home, its age, construction materials, and the coverage limits you choose. In the United States, the average annual cost ranges from $1,000 to $3,000. Homes located in areas prone to natural disasters such as hurricanes or wildfires may have higher premiums.

A homeowner living in California may pay more for homeowners insurance due to wildfire risk. On the other hand, a homeowner in a suburban area with less risk may pay much less. It's essential to understand the factors that affect your premiums.

To get the best rate for homeowners insurance, compare quotes from different providers. Consider bundling your home and auto insurance for additional discounts, and ask about ways to reduce your premium, like installing a security system.