Hail Storms, snow storms, earthquakes, and hurricane are among the dangers threatening a home’s good-standing. While there isn’t a lot that you can to do prevent Mother Nature from running her course, you can ensure that the disaster doesn’t also ruin you financially. Homeowners insurance provides superior protection against these disasters and many others. It also covers costs of vandalism and theft.
When you’re browsing for the cheapest homeowners insurance online, you’ll probably find that your coverage costs a little bit more than average if you live in one of the states listed below. These states have the most expensive home insurance rates in the country.
Everything’s bigger in Texas, including costs of home insurance. Homeowners pay an average of $1,083 per year for coverage. Hurricane, tornado, wildfire, and flooding risks in the state are some of the reasons behind the higher than average coverage costs.
The Sunshine State is a popular destination for vacationers ready to experience the near-perfect year-round temperatures and amazing beaches. But, residents of Florida know all-to-well that those glorious days are met with many storms, heavy rains, and hurricanes. The state is one of the most high-risk in the country. Florida homeowners pay an average of $1,000 a year for coverage.
D.C. is the hub of our nation’s government and is deemed a high-risk area due to increased terroristic activity. The fact that D.C. is heavily populated only adds to the costs of home insurance coverage. Homeowners spend an average of $1,251 for coverage.
Hurricane Katrina still impacts the costs of home insurance in Louisiana, even outside of New Orleans. The increased weather risk factors and the expense of repairing and replacing damage after Mother Nature runs her course cause average coverage rates to run as much as $2,225 annually.
Hail and wind contribute to the more expensive rates for homeowners insurance that Oklahoma residents pay. The average cost for a homeowner to insure their property in the state is $1484 annually, though this amount significantly varies from one city to town to the next.