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SMALL BUSINESS
The Most Expensive States To Insure a Home
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Most Expensive States
To Insure A HomeFlood insurance, hurricane insurance, earthquake insurance -- all can make insuring your home from Mother Nature a costly endeavor, but you might avoid higher rates by reading this helpful guide of the most expensive states to insure a home.
Read the Article
Next Slide: Texas -
No. 1: Texas
Average Annual Premium: $1,362
Thanks to hurricanes, tornadoes, hail, windstorms and earthquakes, living in Texas can cost you an arm and a leg in more ways than one. Rates are going down thanks to 2003 regulations, though, and the rest of the country is quickly catching up.
More on Texas
Next Slide: Louisiana -
No. 2: Louisiana
Average Annual Premium: $1,074
Hurricane insurance can run especially high in Louisiana. In New Orleans, for example, much of the severe damage from Hurricane Katrina came because a lot of the city is below sea level, and the older buildings couldn't withstand the heavy winds.
More on Louisiana
Next Slide: Oklahoma -
No. 3: Oklahoma
Average Annual Premium: $991
Tornado insurance is a must in Oklahoma with its frequent twisters. Heavy winds from the plains take a toll on insurance rates, as well.
More on Oklahoma
Next Slide: Florida -
No. 4: Florida
Average Annual Premium: $929
Insurance rates in Florida are sky-high thanks to hurricanes, flooding, and wildfires. Fears of global warming and rising sea levels are compounding the high insurance rates.
More on Florida
Next Slide: Mississippi -
No. 5: Mississippi
Average Annual Premium: $907
Flood insurance costs Mississippi residents dearly, and many shoddy structures can't stand up to the high winds and falling trees that come with living in Mississippi.
More on Mississippi
More Expensive States
Next: Most Expensive Homes -
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