Average Cost of Flood Insurance 2019

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The average flood insurance policy obtained through the National Flood Insurance Program (NFIP) costs $699 per year. However, the cost of any individual flood policy will depend on how much coverage you need and how close you are to the nearest body of water.

Here, we've listed the average premium for flood insurance in each state and explore the factors that lead to the geographic variation in costs.

Average cost of flood insurance by state

Both homeowners and renters can access flood insurance coverage from the NFIP, which is managed by the Federal Emergency Management Agency (FEMA). We found the average annual premiums for flood insurance vary by up to $844 between states.

The table below shows what the average homeowner in each state pays for flood insurance. Keep in mind that differences in location and the requested level of coverage can lead to major variations in cost.

StateMonthly Flood Insurance PremiumYearly Flood Insurance PremiumDifference From Average
Alabama$57$687-2%
Alaska$75$90229%
Arizona$55$666-5%
Arkansas$71$84721%
California$67$80615%
Colorado$71$85622%
Connecticut$116$1,395100%
Delaware$60$7244%
D.C.$60$7243%
Florida$46$550-21%
Georgia$57$684-2%
Hawaii$56$673-4%
Idaho$62$7467%
Illinois$87$1,04549%
Indiana$83$99943%
Iowa$87$1,04549%
Kansas$73$88226%
Kentucky$81$97139%
Louisiana$55$664-5%
Maine$89$1,06552%
Maryland$48$573-18%
Massachusetts$104$1,25179%
Michigan$84$1,00844%
Minnesota$75$90029%
Mississippi$58$695-1%
Missouri$89$1,07153%
Montana$59$7041%
Nebraska$83$99843%
Nevada$60$7213%
New Hampshire$88$1,06052%
New Jersey$80$96137%
New Mexico$70$84321%
New York$96$1,15565%
North Carolina$68$81416%
North Dakota$56$677-3%
Ohio$87$1,04750%
Oklahoma$71$85622%
Oregon$74$88927%
Pennsylvania$98$1,17668%
Rhode Island$116$1,38999%
South Carolina$56$672-4%
South Dakota$78$93133%
Tennessee$72$86123%
Texas$48$581-17%
Utah$54$654-6%
Vermont$116$1,39199%
Virginia$61$7375%
Washington$75$90129%
West Virginia$92$1,10458%
Wisconsin$81$97339%
Wyoming$74$88827%
Data calculated by dividing each state's total written premiums by number of flood insurance policies in force

Visualized on a map, the average cost of flood insurance appears to be cheaper in the South, but quite high in the Northeast and Midwestern states. However, prices can be different within the same state depending on whether you look for NFIP policies or private insurers.

Map shows how costs for flood insurance change between states

States with the highest average flood insurance costs

The most expensive NFIP flood insurance premiums were in New England: Connecticut, Vermont, Rhode Island and Massachusetts were the four most expensive places to insure a property against flooding. Nearby Pennsylvania ranked fifth.

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

States with the lowest average flood insurance costs

The three flood-prone states of Florida, Texas and Louisiana were among the most affordable places to find NFIP coverage. 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 and Utah are also relatively affordable.

Graph shows the five states with the least expensive flood insurance costs
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, but not all states have access to a private flood insurance company. One of the largest private insurers, the Flood Insurance Agency, operates in 37 states and is currently the only one offering online quotes.

Rates aren't affected by state borders so much as by your distance from the water's edge. Here, we've collected sample quotes using three different FEMA-designated flood zones in three different states.

State"V" Zone"A" Zone"B" Zone and Lower
Florida$13,589$2,841$427
Texas$13,576$2,838$427
New Jersey$14,315$2,988$427
Annual premiums for a two-story house with $250,000 of dwelling coverage, $100,000 of contents coverage and $5,000 deductible

As the table shows, private flood insurance pricing is heavily influenced by FEMA's flood maps. Regardless, the agency's mapping accuracy has drawn persistent criticism from both insurers and homeowners.

What Does Flood Insurance Cover?

Like homeowners insurance, private flood insurance provides coverage for both your building property and personal property. In contrast, NFIP flood insurance requires you to buy these two coverages separately.

Building property coverage will reimburse you for flood damage to the structure of your home, up to your policy limit. This includes the foundation, electrical and plumbing systems, HVAC systems and appliances such as refrigerators and stoves.

Personal property coverage will pay for flood damage to your personal belongings. This includes personal belongings ranging from furniture and portable appliances to clothes and food. Coverage for valuable items like artwork and furs will often be restricted by individual sub-limits. For an NFIP policy, these sub-limits are set at $2,500.

NFIP policies are limited to $250,000 in building property coverage and $100,000 in personal property coverage. Private flood insurers can offer higher limits, making them preferable for homeowners with more assets to consider.

Do I Need Flood Insurance?

Many homeowners are unaware that flood damage is almost never covered in a standard home insurance policy. If you've taken a mortgage in an area that's especially vulnerable to flooding, your lender probably required you to buy additional flood-specific coverage (as mandated by federal regulations).

If you live in a high-risk flood zone and you don't have flood insurance, you should seriously consider it. According to FEMA, floods are the most common natural disaster in the country. You can find out if you live in a high-risk flood zone by looking up your address on the FEMA Flood Map Service Center.

Even if you don't live in a high-risk zone, you should consider purchasing flood insurance. No property has zero risk of flooding: In fact, approximately 25% of all flood insurance claims are made in low-to-moderate flood risk areas. Homeowners in these areas qualify for FEMA's "Preferred Risk Policy", available at cheaper rates as low as $108 per year.

Are Homeowners Covered Against Flood Damage?

Lenders usually only require borrowers to buy flood insurance if their homes are in a high-risk area for flooding. This means flood insurance policies are far less widespread than home insurance, which is required on virtually every mortgage.

Nationwide, about 91% of owner-occupied homes have homeowners insurance. Only 7% have an NFIP flood insurance policy.

The ratio of flood insurance coverage varies by state. Residents in coastal states tend to buy flood insurance policies in much higher numbers than inland areas. This is reflected in the states with the highest and lowest ratios of active flood insurance:

Most insured statesLeast insured states
1. Louisiana (44%)50. Minnesota (0.6%)
2. Florida (36%)49. Utah (0.6%)
3. Hawaii (23%)48. Michigan (0.8%)
4. South Carolina (16%)47. Wisconsin (0.8%)
5. New Jersey (11%)46. Ohio (1.1%)

Use the table below for a full analysis of the data on written flood premiums and policies in force for each state, according to FEMA's data.

StateOwner-occupied housing unitsNFIP policies in forceHomeowners with flood insuranceRank*

Alabama

1,273,21754,1384.3%15
Alaska160,8542,4991.6%39
Arizona1,567,33832,5722.1%28
Arkansas752,63316,8022.2%23
California7,024,315243,7243.5%19
Colorado1,348,00421,2121.6%38
Connecticut906,79838,4684.2%16
Delaware251,09826,23810.4%6
D.C.115,7951,9031.6%36
Florida4,868,8271,729,50535.5%2
Georgia2,306,77286,3023.7%18
Hawaii264,62260,34322.8%3
Idaho421,4397,9811.9%31
Illinois3,185,14241,4161.3%46
Indiana1,747,51323,1491.3%43
Iowa889,28513,0101.5%40
Kansas745,4419,8361.3%44
Kentucky1,155,57621,1611.8%32
Louisiana1,137,462494,83043.5%1
Maine399,1428,3482.1%27
Maryland1,456,75866,0044.5%14
Massachusetts1,612,32963,5353.9%17
Michigan2,760,15621,0720.8%49
Minnesota1,542,0419,2060.6%51
Mississippi751,64964,0968.5%8
Missouri1,597,32521,5031.3%42
Montana284,1684,9091.7%33
Nebraska494,1899,5251.9%30
Nevada582,61412,3142.1%26
New Hampshire372,3048,2212.2%24
New Jersey2,052,073227,34311.1%5
New Mexico522,93012,9492.5%22
New York3,942,483181,0424.6%13
North Carolina2,517,896130,2825.2%11
North Dakota197,08310,6615.4%10
Ohio3,060,47333,6801.1%47
Oklahoma964,46613,6981.4%41
Oregon969,45328,7153.0%20
Pennsylvania3,456,36059,0471.7%35
Rhode Island247,29113,8205.6%9
South Carolina1,284,532199,63115.5%4
South Dakota230,6573,7231.6%37
Tennessee1,688,56529,1251.7%34
Texas5,851,046598,81510.2%7
Utah653,4294,0080.6%50
Vermont182,3213,7782.1%29
Virginia2,055,073103,5165.0%12
Washington1,726,89937,4312.2%25
West Virginia536,65515,6972.9%21
Wisconsin1,559,30812,5520.8%48
Wyoming159,3362,0901.3%45
Rank is in descending order of 'Homeowners with flood insurance', which is an estimate based on ratio of NFIP policies in force (FEMA) to owner-occupied housing units (U.S. Census Bureau). Analysis excludes private flood insurance policies.

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