WILMINGTON, N.C., April 7, 2014 /PRNewswire/ -- In a report released today by HomeownersInsurance.com, Kansas ranked as the second-most expensive state to insure a home. Homeowners in the tornado-alley state pay $1,144, on average, for homeowners insurance. The data is based on the average policy premium sold by HomeownersInsurance.com in Q1 2014. Kansas premiums increased 18% from the fourth quarter of 2013.
The only state with higher premiums than Kansas was Oklahoma, where homeowners are paying an average of $1,564/year to insure a home. This is in strong contrast to states paying the lowest premiums in the country; for example, average Q1 premiums in Oregon were $419/year. The U.S. average was $810, up less than 1% from Q4 2013.
HomeownersInsurance.com is an online insurance marketplace representing top-rated insurance carriers such as Safeco Insurance, Liberty Mutual, Travelers, The Hartford, MetLife, Progressive, ASI and Foremost. The homeowners insurance premium report represents more than 60,000 homeowners insurance policies across the U.S. as sold by HomeownersInsurance.com. The full report can be viewed here: http://homeownersinsurance.com/rates.