Home Insurance Premiums Jumped 23% Nationally. Here Are the 10 Most Expensive States
KEY HIGHLIGHTS
- Average homeowner insurance premiums across all 50 US states climbed 23.3% between 2018 and 2022, rising from a national average of $1,211.82 to $1,493.96 per year.
- 22 of the 50 US states carried average premiums above the national benchmark of $1,306.74, while 28 came in below it.
- Florida tops the ranking at $2,245 average annual premium (2018–2022), 1.72x the national benchmark, making it the most overpriced state for home insurance in America.
- Oregon is the most affordable state for home insurance at just $771 per year on average, $1,474 less than Florida, a gap of 191.2%.
Home insurance premiums have become one of the fastest-rising household costs in the United States, and a new analysis clarifies that the burden varies sharply from one state to the next. Some states consistently charge annual premiums well above the national figure, while others keep costs hundreds of dollars lower.
According to an analysis by Ladah Injury & Car Accident Lawyers Las Vegas, homeowner insurance premium data from the National Association of Insurance Commissioners (NAIC) for the years 2018 through 2022 was examined across all 50 US states. Each state’s annual premiums were averaged over the five-year period to produce a single benchmark figure, and the 50 states were ranked from the highest to the lowest average premium relative to a national benchmark of $1,306.74 per year.
The 10 States With the Highest Average Home Insurance Premiums, 2018–2022
| Rank | State | Avg. Premium ($)(2018–2022) | 2018Premium ($) | 2022Premium ($) | 5-Year $Increase |
|---|---|---|---|---|---|
| 1 | Florida | $2,245 | $1,960 | $2,677 | +$717 |
| 2 | Louisiana | $2,185 | $1,987 | $2,603 | +$616 |
| 3 | Texas | $2,096 | $1,955 | $2,397 | +$442 |
| 4 | Oklahoma | $2,081 | $1,944 | $2,268 | +$324 |
| 5 | Rhode Island | $1,825 | $1,630 | $2,074 | +$444 |
| 6 | Colorado | $1,756 | $1,616 | $2,079 | +$463 |
| 7 | Mississippi | $1,709 | $1,578 | $1,907 | +$329 |
| 8 | Massachusetts | $1,682 | $1,543 | $1,871 | +$328 |
| 9 | Nebraska | $1,654 | $1,569 | $1,869 | +$300 |
| 10 | Connecticut | $1,614 | $1,494 | $1,814 | +$320 |
Florida tops the ranking because its $2,245 average annual premium is the highest in the country, 1.72x the $1,306.74 national benchmark. Louisiana and Texas take ranks 2 and 3, and Gulf Coast and tornado-prone states occupy 4 of the top 5 slots (Florida, Louisiana, Texas, and Oklahoma). Rhode Island, at rank 5, is the only Northeastern state in the top five, driven by coastal storm exposure and high reconstruction costs.
Looking at the study, Ramzy Ladah, Founder & CEO of Ladah Injury & Car Accident Lawyers, Las Vegas, commented:
“Behind every premium in this data is a household shouldering a cost that has surged far faster than wages or general inflation. The most overpriced states sit in disaster-prone regions where hurricanes, tornadoes, and severe storms drive insurer losses through the roof, and those losses are passed directly to homeowners. With the Congressional Budget Office projecting federal outlays of $7.4 trillion in 2026 and Social Security’s 2027 cost-of-living adjustment estimated at just 2.8%, American families are being squeezed from every direction. Home insurance is one bill that deserves a harder look.”
10 States Where Home Insurance Premiums Grew the Fastest, 2018–2022
| Rank | State | 2018Premium ($) | 2022Premium ($) | $ Increase | % Increase(2018–2022) |
|---|---|---|---|---|---|
| 1 | North Carolina | $1,103 | $1,621 | +$518 | +47.0% |
| 2 | California | $1,073 | $1,492 | +$419 | +39.0% |
| 3 | South Dakota | $1,280 | $1,756 | +$476 | +37.2% |
| 4 | Florida | $1,960 | $2,677 | +$717 | +36.6% |
| 5 | Wyoming | $1,187 | $1,596 | +$409 | +34.5% |
| 6 | Montana | $1,237 | $1,639 | +$402 | +32.5% |
| 7 | Louisiana | $1,987 | $2,603 | +$616 | +31.0% |
| 8 | Washington | $881 | $1,151 | +$270 | +30.6% |
| 9 | Maryland | $1,071 | $1,392 | +$321 | +30.0% |
| 10 | Virginia | $1,026 | $1,332 | +$306 | +29.8% |
North Carolina leads the country with a staggering 47.0% premium increase between 2018 and 2022, jumping from $1,103 to $1,621 per year. California follows at 39.0%, and South Dakota rounds out the top three at 37.2%. Notably, Florida, already the most expensive state, also saw a 36.6% surge, adding $717 per year to an already-high baseline. Every state in this top 10 saw premiums rise by at least 29.8%, far outpacing the 23.3% national average.
Why This Matters Now: Rising Insurance Costs Meet a Tightening Federal Safety Net
Homeowners are facing rising financial pressure as federal support strains. The Congressional Budget Office projects $7.4 trillion in 2026 spending, driven largely by Social Security and Medicare. Yet Social Security COLA is expected to remain at 2.8% through 2027, adding only about $57 monthly, while home insurance premiums have surged 46% since 2021 and are set to rise further. With the Social Security trust fund projected to run out by 2032, potential benefit cuts of 24% could deepen the squeeze, especially in high-cost states like Florida, Louisiana, and Texas.
Methodology
The analysis draws on homeowner insurance premium data published by the National Association of Insurance Commissioners (NAIC) for the years 2018, 2019, 2020, 2021, and 2022. The universe covers all 50 US states. Each state’s annual premiums were averaged across the five-year period to produce a single benchmark figure, and the 50 states were ranked from the highest to the lowest average premium, with Rank 1 indicating the state with the most expensive home insurance and Rank 50 the most affordable. A national benchmark of $1,306.74 per year serves as the comparison point throughout. The analysis also calculates the dollar change and percentage change in premiums from 2018 to 2022 for each state to identify the fastest-rising markets. Findings describe the 50 US states only, excluding the District of Columbia and US territories.
Data Sources
- NAIC – Homeowner Insurance Premium Data by State
- CBO – The Budget and Economic Outlook: 2026 to 2036
- The Senior Citizens League – 2027 COLA Projection
- Insurify – 2026 Home Insurance Price Projections
- Research Dataset: https://docs.google.com/spreadsheets/d/1W4dnMIT7YS7Iv7plGvv9uiLLdsJIVTAN0QhzYCKYQ9Y/edit?gid=0#gid=0
- Study By: https://www.ladahlaw.com/
About Ladah Injury & Car Accident Lawyers Las Vegas
The study was conducted by Ladah Injury & Car Accident Lawyers Las Vegas, an experienced personal injury law firm dedicated to protecting clients’ rights and maximizing claim value.
