Infurify tracks all things insurance. A recent report looked at homeowners insurance rates. That report found the average homeowners policy in the U.S. is $1,211 per year. The average value of homes in America is $265,712.90.
Homeowners in five of the nine PIA Western Alliance states — Oregon, Washington, Idaho, Nevada and Arizona — pay the lowest homeowners insurance rates in the country. The highest rates are in Louisiana, Florida and Texas. Louisiana’s average is $1,968 per year. Floridians pay $1,951 and in Texas the average annual rate is $1,893.
Those very high rates are due to those quite expensive natural disasters like hurricanes. Flooding is also a problem in all three states.
Here are the 10 states with the lowest homeowners insurance rates. The PIA Western Alliance states are listed first with what number they are in the top-10:
1. Oregon
Average annual homeowners insurance premium — $677
Median home value — $370,319
3. Idaho
Average annual homeowners insurance premium — $730
Median home value — $305,390
4. Nevada
Average annual homeowners insurance premium — $755
Median home value — $310,471
6. Arizona
Average annual homeowners insurance premium — $825
Median home value — $285,574
8. Washington
Average annual homeowners insurance premium — $854
Median home value — $434,168
Here are the other states:
2. Utah
5. Wisconsin
7. Delaware
9. Ohio
10. Maine
Source link: PropertyCasualty360.com — https://bit.ly/3nCwHFs
