The average U.S. homeowner pays around $2,230 each year for their home insurance (based on a policy with $300,000 in dwelling coverage), according to Bankrate. These costs obviously vary based on things like the home's age, square footage and the cost of building materials, but one of the largest determining factors for home insurance premiums is location. Earlier this year, Insurify released a report that predicted many in the U.S. will continue to see their home insurance premiums increase throughout 2024. These premium increases are largely driven by both an increase in the severity of climate disasters as well as inflation. The states Insurify predicted will see the largest rate bumps this year are Louisiana (+23%), Maine (+19%), Michigan (+14%) and Utah (+13%). As things stand now, however, Bankrate found that the states that pay the lowest average homeowners premiums are:

• Vermont: $806 per year
• West Virginia: $952 per year
• Delaware: $996 per year
• New Hampshire: $973 per year
• Oregon: $986 per year

In the slideshow above, we'll look at the ten states Bankrate found to have the highest home insurance premiums, based on $300,000 of dwelling coverage.

Related:

• Some states will see homeowners rate increases as high as 23% in 2024
• Weather, inflation and home values: The perfect insurance storm
• Swiss Re: Home insurance still priced too low for climate risk