Friday, November 8, 2024

Landlord Insurance coverage Charges By State For Rental Properties

Not having landlord insurance coverage might be very costly and with the nationwide common price of Landlord insurance coverage being round $1,516 per yr, their actually is not a purpose to go with out protection.

The excellent news is that on this weblog put up we’ve included hyperlinks to all 50 state-specific articles with the intention to uncover which states have probably the most reasonably priced landlord insurance coverage prices and charges.

How A lot Does Landlord Insurance coverage Price Per Month?

The nationwide common price of Landlord insurance coverage is round $126 monthly in the US; nevertheless, needless to say your millage might fluctuate.  Charges are state particular and firm particular as nicely so it is best to perform a little research earlier than finalizing a coverage.

What Are The Most Inexpensive States For Landlord Insurance coverage

The highest 5 most reasonably priced states for landlord insurance coverage are Oregon
GO DUCKS”  at $73.58/month, adopted by Utah, Idaho, Nevada, and Wisconsin.

STATE Month-to-month Premium

Oregon

$73.58 monthly

Utah

$76.08 monthly

Idaho

$80.41 monthly

Nevada

$80.83 monthly

Wisconsin

$84.83 monthly

What Are The Most Costly States For Landlord Insurance coverage

The highest 5 most costly states for landlord insurance coverage are Louisiana at $207/month, adopted by Florida “GO GATORS, Texas, Oklahoma, and Rhode Island.

STATE Month-to-month Premium

Louisiana

$207.00 monthly

Florida

$204.16 monthly

Texas

$203.66 monthly

Oklahoma

$202.50 monthly

Rhode Island

$169.83 monthly

Common Price Of Landlord Insurance coverage Charges By State

STATE

AVERAGE ANNUAL PREMIUM

STATE

AVERAGE ANNUAL PREMIUM

Alabama

$1,761

Montana

$1,546

Alaska

$1,230

Nebraska

$1,961

Arizona

$1,054

Nevada

$970

Arkansas

$1,774

New Hampshire

$1,230

California

$1,341

New Jersey

$1,511

Colorado

$2,020

New Mexico

$1,344

Connecticut

$1,868

New York

$1,651

Delaware

$1,091

North Carolina

$1,379

District Of Columbia

$1,580

North Dakota

$1,616

Florida

$2,450

Ohio

$1,093

Georgia

$1,641

Oklahoma

$2,430

Hawaii

$1,425

Oregon

$883

Idaho

$965

Pennsylvania

$1,179

Illinois

$1,379

Rhode Island

$2,038

Indiana

$1,288

South Carolina

$1,605

Iowa

$1,234

South Dakota

$1,600

Kansas

$2,021

Tennessee

$1,540

Kentucky

$1,440

Texas

$2,444

Louisiana

$2,484

Utah

$913

Maine

$1,131

Vermont

$1,169

Maryland

$1,339

Virginia

$1,283

Massachusetts

$1,929

Washington

$1,101

Michigan

$1,226

West Virginia

$1,213

Minnesota

$1,750

Wisconsin

$1,018

Mississippi

$1,973

Wyoming

$1,484

Missouri

$1,729

 

 

Notice: Common charges are primarily based on non-binding estimates offered by information from the Nationwide Affiliation of Insurance coverage Commissioners (NAIC), your charges might fluctuate.

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