The mean cost of home insurance in the ten largest cities was $ 956 per year, which is $ 28 less than the state average.
The chart below displays the blended
mean cost of home insurance based on the house's cost, and can give you an idea of how much rates can increase if your house's value rises or drops.
Despite this,
the mean cost of home insurance was below the state mean, with an average rate of $ 1,141 to insure our benchmark home for one year.
The mean cost of home insurance in the ten largest cities was $ 956 per year, which is $ 28 less than the state average.
The chart below displays the blended
mean cost of home insurance based on the house's cost, and can give you an idea of how much rates can increase if your house's value rises or drops.
Not exact matches
This
means that the
cost of home ownership in the immediate affected areas could be higher, as homeowner's
insurance premiums may increase because
of the catastrophe.
It is worth noting that while people under age 65 in the U.S. live in a heavily market - dominated economy where poor employment outcomes
mean poverty and a lack
of access to health care, almost everyone over age 65 has most
of their healthcare paid for by Medicare, (a FICA tax financed, single payer system that pays providers more or less the same rates as private
insurance companies and has few
cost controls), more than half
of their nursing
home costs paid by Medicaid, (which is stingy in how much it pays providers and moderately
means tested), and receives enough
of a guaranteed income from the combination
of Social Security and SSI payments to keep the poverty rate for people age 65 +, (even if they have no retirement savings
of their own), above the poverty line, regardless
of the state
of the local economy.
Vermillion has an average annual
home insurance cost of $ 2,469, which is $ 105 greater than the state
mean.
The annual
cost of insuring a property in Jersey City averages $ 1,490 — 17 % above the state
mean, putting it on the higher end
of home insurance costs.
Our study shows that the average
cost of home insurance in the city
of Sioux Falls is $ 2,144 per year, which is $ 220 less than the state
mean.
The average
cost of home insurance in Phoenix is $ 1,453, which is $ 135 more than the state
mean.
The
cost of insuring a
home in Tulsa averages $ 2,555 — 29 % below the state
mean, making it the cheapest city in Oklahoma for homeowners
insurance.
The average
cost of home insurance in the ten largest cities was $ 2,954 per year, which is $ 43 less than the state
mean.
The average
cost of home insurance in Milwaukee is $ 1,486 per year, which is 7 % more expensive than the state
mean.
Based on our research, the average
cost of home insurance in Alexandria was $ 2,054 per year, which is 29 % more affordable than the state
mean.
The average
cost of home insurance in Kansas City was $ 2,689 per year, which is $ 255 greater than the state
mean.
Based on our research, the average
cost of home insurance in Omaha was $ 2,677 per year, which is 7 % less expensive than the state
mean.
Horn Lake has an average annual
home insurance cost of $ 2,017, which is $ 388 less than the state
mean.
And any
home insurance claim you make while on active duty won't be subject to a deductible,
meaning you'll be reimbursed for the full
cost of the lost or damaged property.
Lafayette has an average annual
home insurance cost of $ 1,540, which is $ 311 less than the state
mean.
The average
cost of home insurance in Albuquerque was $ 890 per year according to our study, which is 39 % less expensive than the state
mean.
Our study shows that the average
cost of home insurance in Fargo is $ 1,943 per year, which is $ 385 less than the state
mean.
The average
cost of home insurance in Wichita was $ 2,822 per year, which is $ 125 more than the state
mean.
To calculate the
insurance cost per dollar
of value we divided the
mean annual
insurance price in each borough by the average value
of the
homes we received quotes for.
Based on our research, the average
cost of home insurance in Concord was $ 853 per year, which is 13 % cheaper than the state
mean.
Whether speaking
of home, car, health, or life
insurance, Sacramento's rates are far from the lowest in the nation, but just because many folks feel that their
insurance costs are high doesn't
mean that there aren't great deals to be had in and around Sacramento.
Based on our research, the average
cost of home insurance in Salt Lake City was $ 953 per year, which is $ 44 more than the state
mean.
Based on our research, the average
cost of home insurance in Corpus Christi was $ 3,631 per year, which is 54 % more expensive than the state
mean.
Horn Lake has an average annual
home insurance cost of $ 2,017, which is $ 388 less than the state
mean.
Based on our research, the average
cost of home insurance in Billings was $ 2,239 per year, which is 28 % more expensive than the state
mean.
Based on our research, the average
cost of home insurance in Seattle was $ 766 per year, which is 16 % more affordable than the state
mean.
Our study shows that the average
cost of home insurance in the city
of Sioux Falls is $ 2,144 per year, which is $ 220 less than the state
mean.
Vermillion has an average annual
home insurance cost of $ 2,469, which is $ 105 greater than the state
mean.
The average
cost of home insurance in Milwaukee is $ 1,486 per year, which is 7 % more expensive than the state
mean.
The annual
cost of insuring a property in Jersey City averages $ 1,490 — 17 % above the state
mean, putting it on the higher end
of home insurance costs.
The average
cost of home insurance in the ten largest cities was $ 2,954 per year, which is $ 43 less than the state
mean.
Based on our research, the average
cost of home insurance in Alexandria was $ 2,054 per year, which is 29 % more affordable than the state
mean.
Our study shows that the average
cost of home insurance in Jackson is $ 2,550 per year, which is $ 146 greater than the state
mean.
The average annual
cost of home insurance in Broken Arrow is $ 2,679 - 25 % below the state
mean, which also makes it the third most affordable city for homeowners
insurance in Oklahoma.
The
cost of insuring a
home in Tulsa averages $ 2,555 — 29 % below the state
mean, making it the cheapest city in Oklahoma for homeowners
insurance.
The
mean annual
cost of home insurance in Lawton is $ 4,016 — 12 % above the state average.
To calculate the
insurance cost per dollar
of value we divided the
mean annual
insurance price in each borough by the average value
of the
homes we received quotes for.
The average
cost of home insurance in Phoenix is $ 1,453, which is $ 135 more than the state
mean.
Whether speaking
of home, car, health, or life
insurance, Sacramento's rates are far from the lowest in the nation, but just because many folks feel that their
insurance costs are high doesn't
mean that there aren't great deals to be had in and around Sacramento.
The average
cost of home insurance in Los Angeles was $ 1,360 per year, which is 37 % more expensive than the state
mean.
Based on our research, the average
cost of home insurance in Omaha was $ 2,677 per year, which is 7 % less expensive than the state
mean.
The average
cost of home insurance in Boston is $ 2,120, which is $ 415 more than the state
mean.
Based on our research, the average
cost of home insurance in Corpus Christi was $ 3,631 per year, which is 54 % more expensive than the state
mean.
The average
cost of home insurance in Portland is $ 879 per year, which is $ 160 less than the state
mean.
Lafayette has an average annual
home insurance cost of $ 1,540, which is $ 311 less than the state
mean.