Landlord Insurance Rates By State For Rental Properties
Not having landlord insurance can be very expensive and with the national average cost of Landlord insurance being around $1,516 per year, their really isn’t a reason to go without coverage.
The good news is that in this blog post we have included links to all 50 state-specific articles so that you can discover which states have the most affordable landlord insurance costs and rates.
How Much Does Landlord Insurance Cost Per Month?
The national average cost of Landlord insurance is around $126 per month in the United States; however, keep in mind that your millage may vary. Rates are state specific and company specific as well so it’s best to do some research before finalizing a policy.
What Are The Most Affordable States For Landlord Insurance
The top five most affordable states for landlord insurance are Oregon
“GO DUCKS” at $73.58/month, followed by Utah, Idaho, Nevada, and Wisconsin.
STATEMonthly Premium
Oregon
$73.58 per month
Utah
$76.08 per month
Idaho
$80.41 per month
Nevada
$80.83 per month
Wisconsin
$84.83 per month
What Are The Most Expensive States For Landlord Insurance
The top five most expensive states for landlord insurance are Louisiana at $207/month, followed by Florida “GO GATORS“, Texas, Oklahoma, and Rhode Island.
STATEMonthly Premium
Louisiana
$207.00 per month
Florida
$204.16 per month
Texas
$203.66 per month
Oklahoma
$202.50 per month
Rhode Island
$169.83 per month
Average Cost Of Landlord Insurance Rates 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
Note: Average rates are based on non-binding estimates provided by data from the National Association of Insurance Commissioners (NAIC), your rates may vary.
