Bankrate's Ranking of Affordable Home Insurance

Home Insurance Costs Overview: The national average cost of home insurance is $2,470 annually, with Louisiana homeowners facing the highest premiums at 10.78% of their income, while Vermont homeowners enjoy the lowest cost at just 1.03% of their income.

Impact of Extreme Weather and Credit on Premiums: States with extreme weather, like Louisiana and Florida, have higher insurance costs due to increased claims, while homeowners with poor credit face significantly higher premiums, with a drop from "good" to "poor" credit raising rates by 63%.

Trends in Home Insurance Rates: Home insurance costs have risen 9% nationally since 2023, with California experiencing the largest increase at 41%, while Florida has seen a decrease in premiums due to legislative changes.

Strategies for Managing Home Insurance Costs: Homeowners can lower their insurance costs by opting for higher deductibles, which can reduce premiums significantly, and should be aware of the impact of claims and credit history on their rates.