5 States That Have the Lowest Homeowners Insurance Rates

Homeowner’s insurance gives you peace of mind and helps protect your home and you know that you need to have it. Still, nobody loves making the payments, even if they aren’t particularly large. While you may not be willing to move just to save some money on your homeowner’s insurance bill, knowing the states that have the lowest homeowners insurance rates can help when you’re relocating or comparing prices.

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Lowest Rates in the US

Homeowner’s insurance prices vary, and each state has a different average. The top five in the country are considerably lower than the top five though, all of which are Gulf states like Mississippi and Florida. While these are high, the rates of the bottom five might really surprise you. All rates are median averages for the latest available information, recorded in 2012.

  1. Idaho. $538 average per household.
  2. Oregon. $567 average per household.
  3. Utah. $580 average per household.
  4. Wisconsin. $631 average per household.
  5. Washington. $648 average per household.

Why Do Homeowner’s Insurance Rates Vary?

The reason insurance rates vary so dramatically is that some states are just more prone to natural disasters. Gulf states, for example, tend to suffer the most damage because of storms and hurricanes that can wipe out whole neighborhoods in just a few hours.

That doesn’t mean states like Idaho and Oregon don’t have any natural disasters, but when you think about it, when is the last time you heard about a devastating storm in Idaho? It gets cold, it snows and rains heavily, but natural disasters are pretty few and far between.

For that reason, residents tend to pay less each year in homeowner’s insurance because they make fewer claims each year.

Contact Schumacher Insurance Agency to learn more about the states that have the lowest homeowners insurance rates.


About Schumacher Insurance Agency

Why trust us? What do we do different than every other insurance agency? Consider this an invitation to get to know us. We believe we are an exceptional team of protection specialists that work hard to do things the right way, to educate our clients on insurance, and make the experience effortless. We are excited to introduce a new insurance experience for our customers. We encourage you to speak with our team who can show you how different we are… from text messaging services for late payments to educational insurance concepts on Facebook. We will prove our innovative approaches to obtain the proper coverage’s for you, your family, your business. Insurance is likely not the most interesting affair for everyone, but it is most certainly ours! Yes, we are insurance geeks!

Posted on May 28, 2015, in Agency, Uncategorized and tagged , , , . Bookmark the permalink. Leave a comment.

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