Navigation
HomeHQ

Quotes in Your State

A Bird's Eye View of Home Insurance Quotes Around the Country

Learn More Call 1-877-295-3422
— As Seen On: —

Home Insurance Quote Report

April 2015 Average Quotes from HomeInsurance.com

Largest Quote Decreases

State Current Quote Average Last Quote Average % change
Pennsylvania $638 $653 -2.3%
New Mexico $679 $692 -1.9%
Missouri $1102 $1113 -1.0%
North Carolina $658 $663 -0.8%
Wisconsin $764 $768 -0.5%

Largest Quote Increases

State Current Quote Average Last Quote Average % change
South Carolina $832 $810 2.7%
Alabama $1038 $1017 2.1%
Indiana $960 $942 1.9%
Illinois $818 $803 1.9%
Washington $666 $657 1.4%
Source: © 2015 HomeInsurance.com

Q1 2015 Average Quotes from HomeInsurance.com

Largest Quote Decreases

State Current Quote Average Last Quote Average % change
Pennsylvania $653 $680 -4.0%
Alabama $1025 $1064 -3.7%
Georgia $914 $935 -2.2%
New Mexico $688 $698 -1.4%
Missouri $1109 $1123 -1.2%

Largest Quote Increases

State Current Quote Average Last Quote Average % change
Wisconsin $763 $680 12.2%
Washington $655 $612 7.0%
Minnesota $1092 $1032 5.8%
Colorado $1069 $1033 3.5%
Indiana $935 $910 2.7%
Source: © 2015 HomeInsurance.com

Average Home Insurance Rates - What are They?

'What is the average home insurance rate in my state?' That's often one of the first questions asked when consumers consider buying a policy. But what they really want to know is what is the average home insurance quote or premium in that state.

While the terms commonly are used interchangeably, they don't mean the same thing. Here's the breakdown on each and what it means:

  • Home insurance rates: Home insurance rates are set at the state level by each state's insurance department or commissioner and apply to large numbers of people who live in an area. They basically form a baseline for what you'll pay for coverage.
  • Home insurance quotes: A home insurance agent will start with the applicable state's home insurance rate but then customize it to account for a particular consumer, location, and house. The agent also will take into account various coverage limits and options, discounts, deductibles, and other factors relating to the policy and come up with an amount that a particular consumer would pay for a policy.
  • Home insurance premiums: This is the actual amount a policyholder is billed for coverage; it can change as circumstances change. For example, if a homeowner purchased a home insurance policy and then added a room to the dwelling, he or she could expect to pay a higher premium for coverage.

So you see how average home insurance rates differ considerably from quotes or premiums - and how customers usually aren't really asking for average homeowners insurance rates when making purchasing decisions.

How we get our numbers: The HomeInsurance.com Quote Report measures changes in the average lowest quote given by our agents to consumers who inquire about coverage in a particular state. It does not reflect average home insurance rates in a state. The numbers reflect 12-month averages for quotes made by HomeInsurance.com agents for homes in a particular state. Quarterly quotes reflect the trend for the most recent quarter.

Home Insurance Quotes: The trends in April 2015

When it comes to home insurance quotes, states can vary greatly. How do various states stack up? We can help you find out with our Quote Report, which measures changes in the average of HomeInsurance.com's lowest quotes for each prospective customer in a state.

In April 2015, the largest decline among average home insurance quotes made by HomeInsurance.com agents came in Pennsylvania, where the amount fell 2.3% - or $15. HomeInsurance.com quotes in New Mexico fell 1.9% in April to $679.

Among the states where the average quote increased, South Carolina experienced the largest bump. Based on HomeInsurance.com data, quotes were up $22 - about 2.7% - compared with March. The second largest hike came in Alabama, where the average increased 2.1% to $1,038. What can you do with this information? That's easy: Use it to determine whether you need to search for lower home insurance quotes.

How Insurance-Friendly Is Your State?

Home insurance providers are notorious for being highly selective and fiercely analytical about environmental factors, claims histories, construction costs and other location-based variables. However, using HomeInsurance.com's proprietary data, you can gain a greater understanding of the logic behind how much you have to pay for home insurance. Find out how your state scores in overall insurance friendliness, plus dig deeper into why you may be paying more than friends or family members in a different state by viewing your state Home Insurance Report Card.

Quotes vs. Home Insurance Rates - What's the difference?

The terms home insurance rates and home insurance quotes are sometimes used interchangeably, but they are different. State insurance departments or commissioners set home insurance rates, which are a baseline amount for coverage for large numbers of state residents.

When determining quotes for actual premiums for potential policyholders, insurance providers start with home insurance rates but then consider factors unique to each individual - the size and age of the house, the location, and the customer's record of filing claims. All can affect your quotes, as can other factors.

The big takeaway - quotes and home insurance rates are connected but don't by any measure mean the same thing.

How we get the numbers for the Quote Report: Our quarterly report uses the average of the lowest quote HomeInsurance.com agents make for each potential policyholder on behalf of our carriers. Quotes were from homes where the replacement cost ranges between $190,000 and $330,000. To be included in the report, a state must have had at least 100 homes meeting that criteria during the previous 12 months.

Home Insurance Quotes: Q1 trends

Our quarterly Quote Report lets you compare home insurance quotes in states around the country to see how they might be increasing or decreasing. The numbers reflect the average of the lowest quote per consumer that HomeInsurance.com agents made for homes in a specified state during the most recent quarter.

What's going up? Based on HomeInsurance.com's data, the state with the largest increase was Wisconsin, where quotes increased 12.2% from the fourth quarter of 2014 to average $763. The next biggest hike came in Washington, where quotes rose 7% to $655.

Where'd they fall? During the first quarter of 2015, HomeInsurance.com's data shows the largest percentage decrease came in Pennsylvania, where quotes averaged $653 for a year's coverage. That's down about 4% from the fourth quarter. Average Alabama quotes fell about 3.7% to $1,025.

How can you use this information? Once you get a picture of how your premium lines up against quotes in your or even another state, you can see whether you need to search for a better price for your home insurance. Consumer experts recommend shopping for home insurance quotes at least annually.

How Insurance-Friendly Is Your State?

Home insurance providers are notorious for being highly selective and fiercely analytical about environmental factors, claims histories, construction costs and other location-based variables. However, using HomeInsurance.com's proprietary data, you can get some insight into the logic behind how much you have to pay for home insurance. Find out how your state scores in overall insurance friendliness, plus dig deeper into why you may be paying higher premiums than friends or family members in a different state by viewing your state's Home Insurance Report Card.

Call now and speak to a licensed agent: 1-877-295-3422