--- title: Here Are the 10 Most Expensive States for Home Insurance description: Home insurance prices will rise in 2024, according to a new Insurify projection. Florida and Louisiana are the most expensive states. authors: - name: Pete Grieve role: Lead News Reporter url: https://money.com/author/pete-grieve/ bio: Pete Grieve is a personal finance reporter. In his time at Money, Pete has covered everything from car buying to credit cards to the housing market. education: University of Chicago, BA Political Science at_money_since: 2022 articles: 600 covers: - Insurance - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes social: - https://twitter.com/pete_grieve - https://linkedin.com/in/pete-grieve-b5aa02138 - https://www.facebook.com/petegrieve4 editors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Insurance - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2024-05-10T18:14:13.000Z' modified: '2024-05-10T18:14:13.000Z' section: Insurance tags: - News word_count: 441 canonical: https://money.com/home-insurance-most-expensive-states-2024/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Cream colored house in a suburban neighborhood](https://img.money.com/2024/04/News-Home-Insurance-Prices-Increase-Florida.jpg) The surge in [home insurance](https://money.com/best-home-insurance/) prices isn’t over yet. The average annual premium will likely top $2,500 nationally this year, and homeowners insurance will cost nearly $12,000 in the country’s most hurricane-prone state. A recent [forecast](https://insurify.com/homeowners-insurance/report/home-insurance-price-projections/) from Insurify, an online marketplace, predicts that the cost of home insurance will increase 6% in 2024, which would bump the average premium up to $2,522. The average cost of home insurance in 2023 of $2,377 is already up 20% since 2021, when the average premium was $1,984. Insurify says that higher building costs and recent climate catastrophes are to blame for the rise in premiums. Eight states, most of which are vulnerable to coastal storms, are expected to experience double-digit percentage increases in home insurance prices this year. ## Your home is your biggest asset, protecting it should be a top priority ### Select your state to get a free home insurance quote from QuoteWizard and make sure that you're fully protected. [View Rates](https://money.com/pr/e91b52541eec?ap_referrer=%2Fhome-insurance-most-expensive-states-2024%2F) The largest increase is forecasted for Louisiana homeowners. Their premiums are projected to rise a whopping 23%, from an average of $6,354 to $7,809. But it’s Florida where homeowners will pay the most for insurance again this year: The average cost is forecasted to jump from $10,996 last year to $11,759 in 2024. Remarkably, Florida residents pay about 12 times more for home insurance than residents of Vermont, where the average premium was $918 last year. Betsy Stella, vice president of carrier management and operations at Insurify, said in a release that the country’s highest-risk areas could become “uninsurable.” In the last year, some insurance companies have limited business in certain markets and have even exited states entirely. Stella adds, “Where there's demand, typically a supplier will appear. The question will be, at what cost?" ## 10 most expensive states for home insurance A couple of coastal states that face hurricanes and [flooding damage](https://money.com/best-flood-insurance/) have the highest home insurance costs, but others that are impacted by wildfires and tornadoes are also among the top 10 for the highest premiums. Here's the list of the states that have the highest average home insurance costs as of 2023: 1. Florida: $10,996 2. Louisiana: $6,354 3. Oklahoma: $5,444 4. Texas: $4,456 5. Mississippi: $4,312 6. Colorado: $4,072 7. Nebraska: $3,962 8. Alabama: $3,939 9. Kansas: $3,437 10. Arkansas: $3,368 And here's how much the average home insurance policy is projected to cost in these states in 2024: 1. Florida: $11,759 2. Louisiana: $7,809 3. Oklahoma: $5,711 4. Texas: $4,437 5. Mississippi: $4,482 6. Colorado: $4,367 7. Nebraska: $4,292 8. Alabama: $4,281 9. Kansas: $3,666 10. Arkansas: $3,662 *Note: These are the average annual costs for a homeowner with good credit and no recent claims. The figures are for a policy with $300,000 of dwelling coverage and $300,000 of liability coverage.* ## Need to insure your home or looking to lower your rate? ### QuoteWizard provides free quotes tailored to your needs with support from licensed agents, helping you get insurance coverage fast so you can get on with life. Click below to get a free quote. [View Rates](https://money.com/pr/x83a11368c9c?ap_referrer=%2Fhome-insurance-most-expensive-states-2024%2F) ![](https://s3.consumersadvocate.org/prd/image/image/17485/medium_09939110-8a0e-4a7d-ab94-fa77978109c5.png) Find the Home Insurance policy that meets your needs [View Rates](https://money.com/pr/sa19d6d34de7?ap_referrer=%2Fhome-insurance-most-expensive-states-2024%2F) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/home-insurance-most-expensive-states-2024/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Insurance", "item": "https://money.com/insurance/" }, { "@type": "ListItem", "position": 3, "name": "Homeowners Insurance", "item": "https://money.com/homeowners-insurance/" }, { "@type": "ListItem", "position": 4, "name": "Here Are the 10 Most Expensive States for Home Insurance" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/home-insurance-most-expensive-states-2024/#webpage", "url": "https://money.com/home-insurance-most-expensive-states-2024/", "name": "Here Are the 10 Most Expensive States for Home Insurance", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2024-05-10T18:14:13.000Z", "mainEntity": { "@id": "https://money.com/home-insurance-most-expensive-states-2024/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/home-insurance-most-expensive-states-2024/#breadcrumb" }, "dateModified": "2024-05-10T18:14:13.000Z" }, { "@type": "NewsArticle", "headline": "Here Are the 10 Most Expensive States for Home Insurance", "articleSection": "Insurance", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2024/04/News-Home-Insurance-Prices-Increase-Florida.jpg", "width": 1666, "height": 1111, "caption": "News-Home-Insurance-Prices-Increase-Florida" } ], "author": [ { "@type": "Person", "name": "Pete Grieve", "url": "https://money.com/author/pete-grieve/", "@id": "https://money.com/author/pete-grieve/#author", "description": "Pete Grieve is a personal finance reporter. In his time at Money, Pete has covered everything from car buying to credit cards to the housing market.", "image": "https://img.money.com/2023/02/peter.png?w=350&h=430&crop=1", "email": "peter.grieve@money.com", "jobTitle": "Lead News Reporter", "alumniOf": "University of Chicago, BA Political Science", "sameAs": [ "https://twitter.com/pete_grieve", "https://linkedin.com/in/pete-grieve-b5aa02138", "https://www.facebook.com/petegrieve4" ], "worksFor": { "@id": "https://money.com/#organization" } } ], "publisher": "https://money.com/#organization", "datePublished": "2024-05-10T18:14:13.000Z", "description": "Home insurance prices will rise in 2024, according to a new Insurify projection. Florida and Louisiana are the most expensive states.", "abstract": "Home insurance prices will rise in 2024, according to a new Insurify projection. Florida and Louisiana are the most expensive states.", "@id": "https://money.com/home-insurance-most-expensive-states-2024/", "inLanguage": "en-US", "dateModified": "2024-05-10T18:14:13.000Z", "editor": [ { "@type": "Person", "name": "Brad Tuttle", "url": "https://money.com/author/brad-tuttle/", "@id": "https://money.com/author/brad-tuttle/#author", "description": "Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals.\r\n\r\n", "image": "https://img.money.com/2014/01/Brad-Tuttle.png?w=226&h=247&crop=1", "alumniOf": "Columbia University School of Journalism, MS", "sameAs": [ "https://twitter.com/bradrtuttle", "https://linkedin.com/in/brad-tuttle-834b225" ] } ], "wordCount": 441, "keywords": [ "News" ], "about": [ { "@type": "Thing", "name": "Insurance", "sameAs": [ "https://en.wikipedia.org/wiki/Insurance" ] }, { "@type": "Thing", "name": "Home insurance", "sameAs": [ "https://en.wikipedia.org/wiki/Home_insurance" ] } ] } ] } ```