Cheapest states for homeowners insurance
Oregon has the cheapest homeowners insurance in the US, averaging about $893 a year for an HO-3 policy — roughly -43% versus the national average of $1,569 (NAIC 2022 data). The lowest-cost states share low catastrophe exposure and often lower home values. The full ranking of all 51 states, cheapest first, is below. These are countrywide averages, not quotes.
Source: NAIC Homeowners Insurance Report (2022 data, latest available). Data as of June 2026.
All 51 states, cheapest first
| Rank | State | Avg HO-3 / yr | vs national |
|---|---|---|---|
| 1 | Oregon | $893 | -43% |
| 2 | Utah | $937 | -40% |
| 3 | Nevada | $948 | -40% |
| 4 | Wisconsin | $957 | -39% |
| 5 | Ohio | $995 | -37% |
| 6 | Idaho | $1,002 | -36% |
| 7 | Arizona | $1,018 | -35% |
| 8 | Michigan | $1,056 | -33% |
| 9 | Maine | $1,077 | -31% |
| 10 | Delaware | $1,103 | -30% |
| 11 | Vermont | $1,109 | -29% |
| 12 | West Virginia | $1,113 | -29% |
| 13 | Pennsylvania | $1,120 | -29% |
| 14 | Alaska | $1,129 | -28% |
| 15 | Washington | $1,151 | -27% |
| 16 | New Hampshire | $1,188 | -24% |
| 17 | Indiana | $1,191 | -24% |
| 18 | Iowa | $1,268 | -19% |
| 19 | New Mexico | $1,322 | -16% |
| 20 | North Dakota | $1,325 | -16% |
| 21 | Virginia | $1,332 | -15% |
| 22 | Illinois | $1,343 | -14% |
| 23 | Kentucky | $1,359 | -13% |
| 24 | District of Columbia | $1,384 | -12% |
| 25 | Maryland | $1,392 | -11% |
| 26 | New Jersey | $1,417 | -10% |
| 27 | Hawaii | $1,431 | -9% |
| 28 | California | $1,492 | -5% |
| 29 | Tennessee | $1,492 | -5% |
| 30 | South Carolina | $1,571 | 0% |
| 31 | Kansas | $1,583 | 1% |
| 32 | Wyoming | $1,596 | 2% |
| 33 | North Carolina | $1,621 | 3% |
| 34 | New York | $1,628 | 4% |
| 35 | Montana | $1,639 | 4% |
| 36 | Georgia | $1,655 | 5% |
| 37 | Missouri | $1,668 | 6% |
| 38 | Arkansas | $1,740 | 11% |
| 39 | Alabama | $1,748 | 11% |
| 40 | South Dakota | $1,756 | 12% |
| 41 | Minnesota | $1,774 | 13% |
| 42 | Connecticut | $1,814 | 16% |
| 43 | Nebraska | $1,869 | 19% |
| 44 | Massachusetts | $1,871 | 19% |
| 45 | Mississippi | $1,907 | 22% |
| 46 | Rhode Island | $2,074 | 32% |
| 47 | Colorado | $2,079 | 33% |
| 48 | Oklahoma | $2,268 | 45% |
| 49 | Texas | $2,397 | 53% |
| 50 | Louisiana | $2,603 | 66% |
| 51 | Florida | $2,677 | 71% |
Source: NAIC Homeowners Insurance Report (2022 data, latest available). Data as of June 2026. Rank 1 = cheapest of 51. Countrywide averages, not quotes.
Frequently asked questions
What is the cheapest state for homeowners insurance?
Oregon has the lowest average homeowners insurance, about $893 a year for an HO-3 policy - roughly -43% versus the national average of $1,569 (NAIC 2022 data, the latest available).
Why is home insurance cheaper in these states?
The cheapest states have low catastrophe exposure - little hurricane, hail or wildfire risk - and often lower home values. The Pacific Northwest, parts of the Mountain West and the eastern Midwest see fewer and smaller weather claims, so insurers charge less.
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Last updated: 2026-06-20