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🏠 Housing
Is my home insurance rate normal?
Check if you are overpaying for home or renters insurance.
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How much is normal home insurance?
The average US homeowners insurance premium is about $2,230/year (NAIC 2023), though this varies widely by state — from $900 in Vermont to $4,500+ in Florida. Renters insurance averages just $180/year.
Average annual homeowners insurance by country
- United States: $2,230/year
- Canada: C$1,600/year
- Australia: A$1,800/year
- United Kingdom: £320/year (buildings + contents)
- Germany: €350/year (Wohngebäudeversicherung)
What affects your premium?
- Location: Flood/hurricane/wildfire zones cost 2–5x more
- Home value and age: Older homes = higher premiums
- Deductible: Higher deductible = lower premium
- Claims history: Recent claims increase rates 20–40%