5 States with the Cheapest Home Insurance in the US

In this article, we will take a look at the 5 states with the cheapest home insurance in the US. If you wish to see our detailed analysis, you can go to 15 States with the Cheapest Home Insurance in the US.

5. New Jersey

Average Annual Premium: $881

Average Monthly Premium: $73

The average annual home insurance premium is as low as $881 in New Jersey. The cheapest places for home insurance in the state include Greendell, Middleville, and Cranbury. Hence, New Jersey ranks as one of the 15 states with the cheapest home insurance in the US.

4. New Hampshire

Average Annual Premium: $808

Average Monthly Premium: $67

New Hampshire is another state which is deemed less costly for home insurance in the US. The average annual premium for home insurance in the state is $808. Nashua, Bedford, and Merrimack are among the less expensive cities for home insurance in New Hampshire.

3. Delaware

Average Annual Premium: $739

Average Monthly Premium: $62

Delaware offers an average annual home insurance premium of $739 which makes it one of the US states with the cheapest home insurance. Middletown, Newark, and Odessa are less expensive cities in this regard.

2. Vermont

Average Annual Premium: $677      

Average Monthly Premium: $56

Vermont ranks second among the 15 US states with the cheapest home insurance in the country. The average home insurance premium is $677 in the state. Winooski, Hinesburg, and Huntington are the cheapest places for home insurance in Vermont.

1. Hawaii

Average Annual Premium: $400

Average Monthly Premium: $33

The average annual home insurance premium is as low as $400 in the state of Hawaii. Home insurance costs are particularly low in Honolulu, Aiea, and Ewa Beach. Hence, Hawaii ranks at the top of the 15 states with the cheapest home insurance in the US.

You can also take a look at Ken Fisher Portfolio: 12 Biggest Positions and 11 Undervalued Insurance Stocks To Buy Now.