$300 and $1,000
The average homeowners insurance premium rose by 5.6 percent in 2012, following a 7.7 percent increase in 2011, according to a February 2015 study by the National Association of Insurance Commissioners. The average renters insurance premium was unchanged in 2012, after rising 1.1 percent the previous year. 1 The average cost of home insurance given in this article refers to the annual premium. 2  So when we say that a policy costs $800 on average, we are referring to the amount paid annually (the premium). Well, according to the National Association of Insurance Commissioners, the average cost for homeowners insurance in 2006 was around $804. This is a national average, and some states are much higher and lower than this number. We will get to the most and least expensive states in just a moment. If you're feeling pinched by the rates you're paying, know that you may be able to secure a less expensive policy. According to a January 2015 study by the National Association of Insurance Commissioners, the average homeowner insurance premium jumped 7.6% in 2011 and then by 5.7% in 2012. Estimates. According to the Federal Reserve Bureau, the average cost of an annual premium for homeowners insurance is between $300 and $1,000. For most homeowners, the annual costs for a homeowners insurance policy can be estimated by dividing the value of the home by 1,000, then multiplying the result by $3.50. Average Cost. The average cost of homeowners insurance in Ohio in 2009 was $613 -- making it $267 less than the national average. Ohio has some of the lowest homeowners insurance rates in the country, ranking among the 10 states with the lowest premiums. According to the Federal Reserve Bureau, the average cost of an annual premium for homeowners insurance is between $300 and $1,000. For most homeowners, the annual costs for a homeowners insurance policy can be estimated by dividing the value of the home by 1,000, then multiplying the result by $3.50.
http://www.iii.org/fact-statistic/homeowners-and-renters-insurance http://homebuyinginstitute.com/averages/homeowners.php http://homebuyinginstitute.com/averages/homeowners.php http://www.fool.com/how-to-invest/personal-finance/2015/03/31/heres-the-average-cost-of-homeowner-insurance-are.aspx http://homeguides.sfgate.com/average-cost-homeowners-insurance-3020.html http://budgeting.thenest.com/average-cost-homeowners-insurance-ohio-30413.html http://homeguides.sfgate.com/average-cost-homeowners-insurance-3020.html
average homeowner insurance cost