by Sa El

May 17, 2024

Property owners across America are starting to realize how expensive not having landlord insurance can be.

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 reviews to help you get landlord insurance for your rental property.

Also, discover which states have the most affordable landlord insurance costs and quotes.

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.

STATE Monthly 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.

STATE Monthly 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

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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.

About the author 

Sa El