Florida Texas Oklahoma Hawaii Nebraska Face Highest US Homeowners Insurance Costs

Homeowners in several U.S. states face high insurance premiums driven largely by climate risks such as hurricanes, flooding, tornadoes, hail, and wildfires. Miami, Florida, stands out with the highest average annual home insurance cost of $22,718, which is about 3.7% of the median home value, making it the most expensive market in the nation. Texas homeowners also face substantial insurance costs, averaging $2,000–$2,499 annually for those with a mortgage, with Houston ranking among the top 10 metros nationally for insurance burden due to severe storms and flooding. Oklahoma and Nebraska, situated in Tornado Alley, experience elevated premiums typically ranging from $2,000 to $2,499 for mortgaged homeowners, reflecting their exposure to tornadoes, hail, and severe wind damage. Hawaii homeowners pay $1,000–$1,499 on average, but the state's significant wildfire and hurricane risks push many into the $4,000-or-more annual premium category, highlighting the high climate risk in the region. Overall, while some neighboring states show more moderate insurance costs, the increasing frequency and severity of climate hazards are driving significant financial challenges for homeowners in high-risk areas across the country.