Bankrate’s June 2026 comparison for $300,000 of dwelling coverage lists Vermont, Delaware, Alaska, New Hampshire and West Virginia among the lowest average premiums.
What You Need to Know
- Vermont: about $827/year.
- Delaware: about $966/year.
- Alaska: about $1,035/year.
- New Hampshire: about $1,039/year.
- West Virginia: about $1,047/year.
How This Affects Your Homebuying Budget
Homeowners insurance is a real ownership cost. When a lender uses escrow, insurance and property taxes can be collected through the monthly mortgage payment, and the total payment can change when those bills change.
Practical Example
Use the policy’s actual limits, deductible and premium for a property-specific calculation. National averages are planning benchmarks, not quotes.
Frequently Asked Questions
Can homeowners insurance costs change every year?
Yes. Premiums can change because of insurer pricing, rebuilding costs, claims, risk exposure and coverage changes.
Should I compare insurance before buying a house?
Yes. A quote before closing can reveal a significant recurring ownership cost and potential coverage issues.
Where should I verify coverage?
Check the declarations page and policy wording, then ask the insurer or licensed agent about exclusions, endorsements, deductibles and valuation.