On average, homeowners insurance costs between $300 and $1,000 per year, with a median cost of around $700 per year. That said, cost varies widely depending on your home's location, its age and condition, the value of your home and personal property, and the amount of coverage you want.
We recommend shopping around and comparing insurance company rates to find the best policy for your needs. Want to lower your cost? Having a home security system can often lower your homeowners insurance rate. We dive into more rate-lowering tips below.