5 States In Which Houses Are Most Expensive to Insure

Every homeowner needs insurance, but at a average rate of $732 per year, it can add up to a staggering responsibility. When you compare home insurance rates, and avoid expensive-to-insure houses, you can guard your nest-egg and provide your family with the insurance coverage everyone deserves.

Many times the geographic area is one of the primary factors in how expensive an insurance rate quote will be. Another is how high-quality a house you have. If you own a big, beautiful, and expensive house, it will also be expensive to repair if it sees great damage. The cost to repair your home will be seen reflected within the premiums.

When we list the top five homes that are the most expensive to insure, you will notice that they are all in severe weather areas. Naturally the chance of severe weather will greatly impact an insurance premium quote. When the chances of severe weather increase, insurance companies increase their rates.

If you own a home in an area that gets pounded with snow, you face dangers such as your roof collapsing, foundation rotting, and mold and seeping-wet damage. If you live in a flood zone, this form of damage can be even more severe. Ocean levels are rising at an alarming rate according to scientists, and even New York has to leap into actions to prevent water seepage into subways and other below-ground areas right now. This means it is a good time to avoid ocean-front property. We will begin our list from least-expensive of the expensive, to most expensive to insure:

  1. Oklahoma: Perhaps you already guessed. Oklahoma is the true Tornado Alley of the USA. Average home insurance costs a whopping $1,530 per year. The only state that gets more tornadoes is Texas, but Texas is so big and not as densely populated as Oklahoma. There are more housing developments in Oklahoma than there are in Texas, which is why Texas didn’t make our list. Tornadoes in Oklahoma strike 52 times a year into populated areas. People are killed yearly, and property damage runs into extraordinary costs for insurance companies. If you watch the news, you have seen the rubble piles left from the direct hits. When a tornado makes a direct hit, not even trees are left standing. Usually they are found miles away, along with whatever rubble was finally dropped from the sky. On average, a tornado will hit once a week in a 52-strike year, and this is for a normal year.
  2. Florida: Here in Florida you have an average premium cost of $1,386 per year. This significant rise in insurance premiums is due to the long miles of beautiful coastlines — those with beachfront property are now paying five figures for their premiums. Not only is the water creeping in closer and closer, but the hurricanes and gale-force winds just make kindling out of everything. Florida real estate is highly coveted, and even in a down-turning economy remains in very high demand. The stunning beauty and wonderfully warm weather in general calls to those with aching bones and muscles, and the stunning beaches call to those who love warm water. This Gulf Coast climate reaches far inland in this state. It is far from stable, and changing as fast as the wind and the water levels. Houses on beaches are certainly expensive.
  3. Arkansas: With an average insurance premium rate of $998 per year, Arkansas is far enough inland to be subjected to the crosswinds of the greater U.S. weather patterns. Arkansas hosts hail storms, ice storms and blizzards, white-outs and home-pummeling rainstorm dumps. There is an upside, though: at least they don’t live in Florida.
  4. Kansas: Here the average homeowners insurance premium is $975 per year. And almost everyone knows what Dorothy went through. Kansas has more tornadoes touching down than anywhere else in the United States, save for Texas and Oklahoma. You thought Dorothy’s ride was a fantasy? A mother and three children were swept up while still inside their house, and were dropped more than a mile away. Thankfully, everyone was safe, with only some minor injuries. The media has dubbed Kansas as “tornado-alley,” most likely because of the legend of Dorothy and the wizard, because in reality, Texas gets the most. In Kansas, tornadoes destroy crops as well as homes.
  5. Missouri: The cost to insure an average-sized home in this state is $942 per year. This is due to the many beautiful rivers running through the state. These include the Black River, the Missouri River, and the Mississippi River — and these rivers all have flood cycles. In April 2011, Missouri was hit by a tornado, which was followed by the flooding of the Black River, costing many millions in damage. One tornado that hit Joplin, MO killed 125 people and dished out over a billion dollars in damage. This is a single tornado and these monster storms come through Missouri regularly. Tornadoes also trigger flashfloods, so buyers beware. Farmers are blessed by having millions of acres of prime bottom land for farming. However, everyone pays the price in insurance costs.

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