Average Cost of Flood Insurance 2017

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Flood insurance policies through the National Flood Insurance Program (NFIP) cost about $672 on average. The true cost of your policy however will depend on how much coverage you need, as well as how close to water you are. For a reference of what homeowners and renters typically pay in your state however, read our findings below.

Average Cost of Flood Insurance

Every state has homeowners and renters insurers that carry flood insurance with the NFIP. We found the average premiums by states can vary by as much as $800 per year. In the table below, you can see what the average homeowner in your state may pay for their flood insurance. Individual policies can vary greatly, however based on their risk, zone, and coverage options.

StateMonthly Flood Insurance PremiumYearly Flood Insurance PremiumDifference From Average
Alabama$41$491-27%
Alaska$53$635-5%
Arizona$40$482-28%
Arkansas$49$583-13%
California$44$522-22%
Colorado$53$635-5%
Connecticut$97$1,16173%
Delaware$48$578-14%
District of Columbia$42$507-24%
Florida$38$462-31%
Georgia$49$585-13%
Hawaii$47$568-15%
Idaho$47$563-16%
Illinois$55$656-2%
Indiana$54$649-3%
Iowa$64$76414%
Kansas$50$603-10%
Kentucky$57$6842%
Louisiana$44$534-21%
Maine$76$91436%
Maryland$39$462-31%
Massachusetts$85$1,02252%
Michigan$59$7025%
Minnesota$56$667-1%
Mississippi$41$496-26%
Missouri$59$7136%
Montana$43$514-24%
Nebraska$57$6893%
Nevada$43$516-23%
New Hampshire$72$86829%
New Jersey$70$83424%
New Mexico$52$620-8%
New York$77$92137%
North Carolina$58$6974%
North Dakota$42$502-25%
Ohio$60$7238%
Oklahoma$47$565-16%
Oregon$53$638-5%
Pennsylvania$69$83024%
Rhode Island$101$1,20780%
South Carolina$47$559-17%
South Dakota$58$6974%
Tennessee$54$652-3%
Texas$40$482-28%
Utah$42$506-25%
Vermont$100$1,20079%
Virginia$49$583-13%
Washington$60$7227%
West Virginia$62$74211%
Wisconsin$59$7126%
Wyoming$53$635-5%

Data calculated by taking written premiums in each state divided by number of flood insurance policies in force in state

Map shows how costs for flood insurance change between states

To learn how to find and buy the best flood insurance, read more here.

States With Highest Average Flood Insurance Costs

How prone a state is to flood damage is not always indicative of how expensive its premiums will be. The most expensive states we found for flood insurance through the NFIP were actually in New England, with Rhode Island, Vermont, Connecticut, and Massachusetts all taking the top four most expensive spots. New York, while not in New England, but still in the Northeast, was the fifth most expensive. Mean costs here are likely high in part due to low-lying shores and coastal areas along Long Island and New York City.

Graph shows the five states with the most expensive flood insurance costs

States with the Lowest Average Flood Insurance Costs

Surprisingly, two states that most would expect to have the highest flood insurance costs, Florida and Texas, are two of the most affordable. We can only speculate why that may be the case. It really comes down to how much flood coverage homeowners are getting on their policies, which is also a function of how housing properties are valued. The other states that round out the most affordable based on mean costs are Maryland, Arizona and Alabama.

Graph shows the five states with the least expensive flood insurance costs

Cost of Private Flood Insurance

Private flood insurance has grown in popularity in recent years as an alternative to the NFIP. Not every state has access to a private flood insurer however. Currently the largest company, The Flood Insurance Agency, operates in 34 states and is the only one to quote online. Rates generally do not fluctuate much across state lines, but rather based on how much coverage you get and how far from the water's edge your home is. Here are sample costs of how the cost of private flood insurance varies based on what zones your address falls in.

State"V" Zone"A" Zone"B" Zone and Lower
Florida$13,732$2,870$402*
Texas$13,713$2,867$402*
New Jersey$13,713$2,922$402*

*for a $1,250 deductible

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