Home Insurance Quotes

What is a home insurance quote?

A home insurance quote is an estimate of how much you would pay for a policy to protect your property. It covers risks like fire, theft, natural disasters, and liability. Insurance companies use data such as your home’s value, location, and coverage level to calculate your premium.

Quotes are usually free and can be obtained online, through agents, or directly from insurance companies. They give you an idea of what you’ll pay monthly or annually, and what is or isn’t covered by the policy.

Why Home Insurance Is Crucial

According to the Insurance Information Institute, over 95% of homeowners in the U.S. have insurance. It not only protects your biggest asset but is also often required by mortgage lenders.

Homeowners without insurance risk total financial loss in the event of disasters. In 2023 alone, damages from natural events like hurricanes and wildfires exceeded $165 billion in the U.S. Without insurance, those costs come straight out of your pocket.

Average Costs in 2025

Based on current U.S. data, the average annual cost of home insurance in 2025 is about $1,428, or roughly $119 per month. However, this amount can vary significantly depending on the state:

• Florida: $2,800/year (hurricane risk)
  Texas: $2,300/year (tornado and hail zones)
  California: $1,900/year (wildfire-prone areas)
  Ohio: $980/year (lower-risk area)

Typical deductibles range from $500 to $2,000. Higher deductibles can lower your monthly premiums but increase your out-of-pocket costs when you file a claim.

How Are Quotes Calculated?

• Home value and size: Larger or more expensive homes cost more to insure.

• Location: Areas prone to floods, hurricanes, or crime have higher premiums.

• Coverage level: Basic plans are cheaper, but may not cover all risks.

• Credit score (U.S.): Affects risk assessment and your final cost.

• Building materials: Homes with fire-resistant materials may qualify for discounts.

• Age and condition of the home: Older homes tend to cost more to insure due to wear and outdated systems.

Comparing Providers

The top companies in the U.S. include State Farm, Allstate, Liberty Mutual, and GEICO. Always compare deductibles, exclusions, and customer reviews before making your choice.

Online platforms like Policygenius and Insurance.com can help you compare dozens of quotes in one place. They often offer discounts when you bundle with auto insurance.