Average Cost of Flood Insurance 2018

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The average cost of a flood insurance policy through the National Flood Insurance Program (NFIP) is $707 per year. The cost of your policy, however, will depend on how much coverage you need, as well as how close to water you live. You can find the average cost by state below and get a sense of what homeowners in your area pay for flood insurance.

Average Cost of Flood Insurance by State

Homeowners and renters insurance companies in every state offer flood insurance coverage from the NFIP. We found the average annual premiums for flood insurance vary up to $828 between states. In the table below, you can see what the average homeowner in your state pays for their flood insurance. Individual policies can vary greatly in cost, however, based on your home’s location and the coverage you choose.

StateMonthly Flood Insurance PremiumYearly Flood Insurance PremiumDifference From Average
Alaska$75$90128%
Alabama$56$666-6%
Arkansas$68$81115%
Arizona$55$660-7%
California$65$78611%
Colorado$71$85120%
Connecticut$114$1,37294%
District of Columbia$55$662-6%
Delaware$61$7324%
Florida$45$544-23%
Georgia$63$7628%
Hawaii$55$660-7%
Iowa$85$1,02044%
Idaho$57$681-4%
Illinois$85$1,02445%
Indiana$80$95836%
Kansas$70$83518%
Kentucky$78$93432%
Louisiana$60$7161%
Massachusetts$102$1,22473%
Maryland$47$570-19%
Maine$87$1,04948%
Michigan$82$98439%
Minnesota$73$87524%
Missouri$83$99441%
Mississippi$56$667-6%
Montana$58$694-2%
North Carolina$68$82016%
North Dakota$55$659-7%
Nebraska$81$97338%
New Hampshire$87$1,04147%
New Jersey$82$98439%
New Mexico$68$82016%
Nevada$57$681-4%
New York$95$1,13561%
Ohio$84$1,00442%
Oklahoma$69$82517%
Oregon$74$89126%
Pennsylvania$93$1,11558%
Rhode Island$114$1,37394%
South Carolina$56$673-5%
South Dakota$74$89226%
Tennessee$69$83017%
Texas$50$599-15%
Utah$54$646-9%
Virginia$61$7374%
Vermont$113$1,35992%
Washington$75$89827%
Wisconsin$79$94534%
West Virginia$90$1,07552%
Wyoming$69$83318%

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

The most expensive flood insurance premiums—through the NFIP—were actually in New England, with Rhode Island, Connecticut, Vermont, and Massachusetts 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 are likely high 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

Two states that would be expected to have the highest flood insurance costs, Florida and Texas, are two of the most affordable. Costs by state come down to the amount of flood coverage homeowners receive on their policies, which can be, in part, determined by flood zones. Based on mean flood insurance costs, Maryland, Utah and North Dakota are also relatively affordable.

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

Cost of Private Flood Insurance

Private flood insurance has recently grown in popularity as an alternative to the NFIP. However, not all states have access to a private flood insurance company. One of the largest companies, The Flood Insurance Agency, operates in 37 states and is currently the only one to quote online. Rates generally don't fluctuate much across state lines, instead they're based on how much coverage receive and how far from the water's edge your home is. Below you can find 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$12,358$2,911$352
Texas$12,346$2,909$352
New Jersey$12,346$2,909$352

Sample premiums are for a two-story house with $250,000 of dwelling coverage, $100,000 of contents coverage, and a $5,000 deductible.

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