Long Term Care Insurance premiums vary by age, gender, type of plan, and the insurance company you choose. Here’s the thing; there is a 70% chance, that once you turn 65, you will need some type of long term care services. Check out our average long term care insurance rates by state below:
And believe it or not, around45% of People under the age of 65 need long-term care insurance today. It’s best to start comparing rates sooner than later.
However, the average cost of a long term care insurance policy being $950 per year for a single 55-year-old man or$1,500 per year for a 55-year-old woman with an average coverage benefit of $165,000 .
Average Long Term Care Insurance Rates By State
| STATE | AVERAGE ANNUAL PREMIUM | STATE | AVERAGE ANNUAL PREMIUM |
|---|---|---|---|
| Alabama | $1,380 | Montana | $1,968 |
| Alaska | $2,532 | Nebraska | $1,884 |
| Arizona | $1,644 | Nevada | $2,016 |
| Arkansas | $1,740 | New Hampshire | $2,832 |
| California | $2,256 | New Jersey | $3,036 |
| Colorado | $1,932 | New Mexico | $2,112 |
| Connecticut | $3,036 | New York | $3,456 |
| Delaware | $2,832 | North Carolina | $2,160 |
| District Of Columbia | $2,220 | North Dakota | $2,124 |
| Florida | $2,352 | Ohio | $2,364 |
| Georgia | $2,028 | Oklahoma | $2,040 |
| Hawaii | $2,688 | Oregon | $2,292 |
| Idaho | $2,052 | Pennsylvania | $2,496 |
| Illinois | $2,820 | Rhode Island | $2,700 |
| Indiana | $2,436 | South Carolina | $1,896 |
| Iowa | $2,112 | South Dakota | $1,764 |
| Kansas | $2,004 | Tennessee | $1,824 |
| Kentucky | $1,896 | Texas | $1,920 |
| Louisiana | $2,064 | Utah | $1,992 |
| Maine | $2,352 | Vermont | $2,508 |
| Maryland | $3,228 | Virginia | $2,676 |
| Massachusetts | $3,432 | Washington | $2,436 |
| Michigan | $2,712 | West Virginia | $2,208 |
| Minnesota | $2,532 | Wisconsin | $1,944 |
| Mississippi | $2,100 | Wyoming | $1,932 |
| Missouri | $1,956 |