Average Home Insurance Cost Per Month

The cost of combined home insurance fluctuates across the country averaging at 146 per year according to moneysupermarket data from march 2020.

Average home insurance cost per month. Comparing ontario s average to the rest of canada. You can view the average home insurance rate by city here too. However the average deductible ranges between 500 and 1 000 per year. Average homeowners insurance cost by state.

These costs are impacted by the unique home insurance risks for each state the amount of coverage a typical homeowner buys in each state and several other factors. Homeowners insurance on a condo may cost between 100 and 400 per year. But while where you live is a factor in how much you can expect to pay for your home insurance there are plenty of other reasons for this disparity in costs. As you ll see in the homeowners insurance cost by state chart below oklahoma is the most expensive state for home insurance 2 140 more than the national average for the coverage level analyzed.

How much is the average homeowners insurance on a condo. How much is homeowners insurance. The average cost of homeowners insurance is around 1 200 a year but many factors play a role including the details of your property and which state and city you live in. Read more to find out how much home insurance costs per month or per year plus how changing the excess or the amount of cover an impact the premium you pay.

Depending on where you live the average cost of home insurance can fall anywhere between 400 and 3 000 per year. Some states pay a lot more while some a lot less. Louisiana has the most expensive home insurance at an average of over 1 900 a year and oregon has the cheapest average home insurance at around 650 a year. Texas and florida have the most expensive average cost of homeowners insurance based on the most common policy type called an ho 3 policy.

According to insureye the average monthly insurance cost for a home valued between 100 000 and 700 000 in ontario is 74 50. The average home insurance cost is 1 192 a year according to the national association of insurance commissioners latest home insurance report. It depends but the national average for home insurance is 2 305. In alberta the average monthly premium is higher at 78.

Figures from the abi show that the total value of possessions owned by all uk households comes in at a whopping 950 billion. We show average home rates for three other common coverage levels at the end of this article.