What is the average cost of homeowners insurance?

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Me and my wife bought a vehicle in 2010. We got a loan from our bank and paid the owner. She moved and we lost contact before we could get the title. We paid off our loan and maintained insurance and registration on the vehicle. My wife recently totaled the vehicle in an accident that was the other drivers fault. That insurance company came and took the car and gave us a value that they would be paying us. A week later they called and said they couldn’t pay us. We can’t afford to take this loss and I have no idea what I can do.”

Asked October 27, 2015

1 Answer


The average cost of homeowners insurance can vary greatly depending on a number of factors, including the location of the home, the age of the home, the size of the home, the materials used to build the home, and the type of coverage selected. According to the National Association of Insurance Commissioners (NAIC), the average cost of homeowners insurance in the United States in 2018 was $1,211 per year, but this number can vary significantly by state. For example, in 2018, the average annual premium for homeowners insurance in Texas was $1,893, while in Oregon it was $706. It's important to note that the cost of homeowners insurance is affected by a number of other factors as well, including the deductible selected, the level of coverage chosen, and any discounts that may be available, such as bundling multiple policies together or installing safety features in the home. Additionally, homeowners may want to consider optional coverages such as flood insurance, earthquake insurance, or additional liability coverage, which can also impact the overall cost of their policy.

Answered November 6, 2015 by Anonymous

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