Photo: QuoteWizard

Being a homeowner is expensive and the rising costs of insurance never help. Recent studies show that average home insurance rates have risen in every state in the last decade, according to Quote Wizard.

But which ones were the worst?

In this week’s Map Monday, we examine which states saw the biggest increases on their insurance rates in the most recent year with data available – 2015.

From QuoteWizard:

The National Association of Insurance Commissioners releases annual reports on insurance trends and stats. These reports include average home insurance rates for every state. Rate data is based on HO-3 policies, the most common home insurance policy.

The NAIC recently released their 2015 report, the latest full-year data available. In the table below, we compare home insurance rate data from the NAIC’s 2007 report with its recent 2015 report. By doing so, we can assess which states saw the biggest increases in homeowners insurance rates.

 

Home Insurance Rate Increases Ranked Highest to Lowest
Ranking (Worst) State Rate Difference
1 Oklahoma $825
2 Kansas $627
3 Colorado $557
4 Nebraska $553
5 Arkansas $550
6 Louisiana $545
7 Texas $543
8 Missouri $527
9 Minnesota $523
10 Rhode Island $496
11 Mississippi $489
12 Kentucky $484
13 Connecticut $482
14 South Dakota $478
15 South Carolina $476
16 Florida $459
17 Alabama $453
18 Wyoming $432
19 North Dakota $429
20 Georgia $428
21 Tennessee $426
22 North Carolina $401
23 Montana $381
24 New Jersey $373
25 Massachusetts $356
26 New York $351
27 Indiana $336
28 Illinois $333
29 New Mexico $315
30 Iowa $309
31 Washington $305
32 Maryland $982
33 Ohio $279
34 Idaho $270
35 Virginia $263
36 West Virginia $261
37 Wisconsin $259
38 Maine $247
39 New Hampshire $242
40 Pennsylvania $224
41 Delaware $221
42 Michigan $187
43 Arizona $176
44 Vermont $169
45 Utah $168
46 Hawaii $164
47 Oregon $147
48 Alaska $121
49 Washington D.C. $107
50 California $61
51 Nevada $42

Note: This data is used with permission of the NAIC.

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