Florida has highest cost ZIP code while Hawaii has the lowest costs in Honolulu
Foster City, CA—May 12, 2020. As consumers face increasing financial challenges, it can be important to know whether home insurance rates are in line with average costs in a given area, enabling savings, where possible.
Insurance.com makes a tool available to help homeowners and renters assess home insurance costs relative to their neighbors, comparing rates by ZIP Code for 10 different coverage levels. Experts identify the ten cities with highest and lowest average home insurance rates, including:
5 highest cost home insurance locations
- Islamorada Village of islands, Florida, $6,295
- Louise, Texas, $5,911
- Mobile, Alabama, $5, 752
- Cashion, Oklahoma, $4, 966
- Winter, Kansas, $4,666
5 least costly locations for home insurance
- Honolulu, Hawaii, $490
- Oceano, California, $881
- Winooski/Burlington, Vermont, $1,107
- Potomac Maryland, $1,144
- Anahuac, Texas, $1,148
“Standard home insurance policies vary considerably by state and neighborhood,” explains Michelle Megna, Insurance.com editorial director. “Underwriting rules, credit ratings (where permitted), crime, whether, and lawsuit prevalence all factor into the rates consumers pay. We provide detail on the main items used to set these insurance rates and show national average home insurance costs for dwellings and liability, at a given deductible level.”
Home insurance calculator is accessible here: Home insurance calculator, and includes guidance on important factors including:
- How much dwelling coverage should be considered
- Appropriate liability limits
- Medical coverage
- Deductibles
Michelle Megna is available to discuss the levers consumers can use to minimize home and renters’ insurance costs while obtaining an appropriate coverage level.
About Insurance.com
Insurance.com is owned and operated by QuinStreet, Inc. (Nasdaq: QNST), a pioneer in delivering online marketplace solutions to match searchers with brands in digital media. QuinStreet is committed to providing consumers and businesses with the information and tools they need to research, find and select the products and brands that meet their needs. Insurance.com is a member of the company’s expert research and publishing division.
Insurance.com is a trusted online resource dedicated to educating consumers on auto, home, health and life insurance, developing relationships directly with carriers to offer consumers comparison rates from multiple companies. Since 2001, Insurance.com’s industry-first online tools, data-based reporting and experienced experts have helped consumers make informed insurance-related decisions, so they can choose the right insurance for their individual needs.
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Jacqueline Leppla
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