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Homeowner Insurance Facts in 2022

THE VOSS LAW FIRM

A PROFESSIONAL CORPORATION

ATTORNEYS AT LAW

THE VOSS LAW CENTER

26619 INTERSTATE 45

THE WOODLANDS, TEXAS 77380

TELEPHONE (713) 861-0015

FACSIMILE (713) 861-0021

TOLL FREE (866) 203-5411

www.VossLawFirm.com

 

 

 

 

Just like health and car insurance, homeowners insurance varies in price depending on where you live. According to valuepenguin.com, the rate of home insurance has increased by 40% in the past 12 years.

 

 

The article also goes on to state that, “In the U.S as a whole, the average cost of homeowners insurance is $1,680 per year and $140 per month- but the cost of coverage varies significantly based on state laws, your home’s location and the cost to rebuild.”

 

 

The state with the least expensive premium is Delaware at $781 annually and goes all the way to Colorado at a whopping $3,383 per year!!

 

 

 

From the graph below you can see that the states that pay the most for Home Insurance are Colorado, Oklahoma, Tennessee, and Kansas. Not pictured is Texas, which comes in fifth. According to valuepenguin.com, “homeowners in these five states spend 77% more per year on insurance premiums than the typical U.S resident.”

 

 

Delaware, Vermont, Pennsylvania, and Maine are the cheapest states for home insurance, as seen in the graph pictured below. “Homeowners in these states pay 48% less than the typical price nationwide”, according to valuepenguin.com.

 

 

The good news is, no matter what you pay for your homeowners insurance, The Voss Law Firm, P.C will always be there to help you when you need it!

 

 

 

The Voss Law Firm, P.C. has been protecting policyholder’s rights for the past sixteen years, recovering billions of dollars in settlements for our clients.

 

Feel free to call, or email today for a free consultation on your file.

 

We are 100% contingency fee based. No recovery, no fee.

 

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The Voss Law Firm, P.C. represents clients on a local, national and international basis. We proudly serve companies and individuals along the Gulf Coast and around the globe on a contingency fee basis. Our law firm collects nothing unless we recover on our client's behalf.

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