The average cost of homeowners' insurance varies widely across the United States.

According to recent research by Los Angeles-based GOBankingRates, the median annual homeowners' insurance policy costs by state ranges from $348.95 to a whopping $2,024.40.

Homeowners' insurance average costs can vary widely within a state, within a city, and even in the same neighborhood. And not surprisingly, if your home is located in an upscale neighborhood, the property is pricier, meaning a higher insurance premium.

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Jayleen R. Heft

Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].

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