How Much is Homeowners Insurance on a $150,000 House? 2025 Rates

Wondering how much homeowners insurance is on a $150,000 house? On average, you’ll pay $2,357 per year—or $196 per month—for $150,000 in dwelling coverage. But costs vary based on where you live, your insurer, and your coverage choices.

After 15 years helping homeowners choose smart coverage, I’ve seen too many people overpay or leave themselves underinsured. In this guide, we’ll break down how rates are calculated, which insurers offer the best value, and how to avoid common pitfalls.

Average Cost Of Homeowners Insurance On A $150,000 House – By Company

It is wise to shop around and get a quote from at least three companies before purchasing a policy, as each company uses different cost factors to determine their premiums.

Nationwide offers the cheapest home insurance policy for a $150,000 home, with an average annual rate of $2,246

Average Cost Of Home Insurance On A $150,000 House – By Deductible

Your deductible is the amount you pay out-of-pocket before insurance kicks in. A higher deductible usually means lower monthly premiums, as you’re assuming more risk. For a $150,000 house, raising your deductible can save on premium costs, but you’ll pay more upfront in case of a claim.

Choosing a $500 deductible will cost about $2,532, while a policy with a $2,000 deductible will cost around $2,099.

Average Cost Of Homeowners Insurance On A $150,000 House – By State

One of the biggest factors to the cost of homeowners insurance is where you live. One can pay $80 monthly in Delaware for a $150,000 house, then $445 for the same coverage in Mississippi. It truly is about location.

For that same $150,000 home, let’s look at how much premiums would be in a few other parts of the U.S.

Most Expensive States For Home Insurance On A $150,000 Home

Use the table below to find the 5 cheapest states for home insurance on a $150,000 home.

Cheapest states For Homeowners Insurance On A $150,000 House

Now, let’s look at the bottom of the scale and see the cheapest states for homeowners insurance for a $150,000 home. Hawaii is the cheapest state, on average, with rates of $38 per month.

How Do You Calculate Your Home Insurance Needs For a $150,000 House?

It is important to know your home, whether you have lived there for one year or ten years. A homeowners policy is one of the biggest insurance decisions you can make should you experience a loss.

It is vital to consider factors like the following prior to making your purchase.

1. Dwelling coverage – It is important that the replacement cost coverage for your home considers current inflation for construction materials and labor so you don’t face a shortfall when suffering a covered loss.
2. Other Structures – These include detached garages, sheds, gazebos, in-ground swimming pools and even doghouses.
3. Your personal belongings – Your furniture, clothes, electronics, sports equipment and other personal items are covered if they are stolen or destroyed by fire, hurricane or other insured disasters. The coverage is generally 50 to 70% of the dwelling insurance you have on the structure of the house.
4. Loss of use/additional living expenses – This pays the additional costs of living away from home if you cannot live there due to damage from a an insured disaster. It covers hotel bills, restaurant meals and other costs, over and above your usual living expenses, incurred while your home is being repaired or rebuilt.
5. Liability protection – Liability covers you against lawsuits for bodily injury or property damage that you or family members cause to other people. It also pays for damage caused by your pets. Liability coverage also provides no-fault medical coverage, so if a friend or neighbor is injured in your home, they can simply submit medical bills to your insurance company.

Considering all these factors will give you an idea of your target policy need and if $150,000 is adequate insurance for your home.

What Do You Need to Cover In A $150,000 Home?

$150,000 in coverage means that this is the maximum amount that your insurance company will pay out to you, in the case of a loss.

Comprehensive homeowners insurance should address:

• Dwelling Coverage – Protects the physical structure of your home against covered perils.​
• Personal Property Coverage – Safeguards your belongings, such as furniture and electronics.​
• Liability Protection – Covers legal expenses if someone is injured on your property.​
• Additional Living Expenses (ALE) – Pays for temporary housing and related costs if your home becomes uninhabitable.

A standard HO3 policy has many levels of coverage, but it also has many exclusions. Among these are:

• Flood damage
• Neglect
• Power failure
• Mold damage
• Intentional damage
• Earthquake
• Foundation issues
• Pet damage
• Rodent infestation
• Defective construction

That be given, some riders can be added that provide coverage for some of the excluded items.

Flood Damage

A homeowners policy will cover water damage when it falls from the sky. It will cover most hurricane damage without purchasing a wind rider or a separate deductible. However, you are not covered if the water rises from the ground. You will need to purchase Flood Insurance to be covered.

Earthquake Damage

Another natural disaster, earthquakes, does not fall within the parameters of being covered under a standard HO3 policy. One can add Earthquake Insurance to have coverage for their home and belongings.

How To Save On Homeowners Insurance For A $150,000 House

You can save money on your homeowner’s policy. This is one of the main reasons why it is essential to talk to a live agent. They can search for discounts to help you lower your monthly premium. We talked about bundling and going paperless, but here are a few other dollar-saving ideas.

• Installing security cameras – Having an eye on your place can deter thieves and provide a discount on your insurance policy.
• Where you live – Living in a low-crime area will also provide a lower insurance rate.
• Your credit score – Insurance companies use your credit rating as a measure of your insurance rates. Improving your credit score can lower your premium.
• Deductible and coverage limits – Lowering your policy limits can help you save on your premium.
• Construction code – If your home is up to code or has been retrofitted for storms, it can provide discounts.

Factors That Affect the Cost of Homeowners Insurance On A $150,000 Home

We discussed the location of your home being a primary factor in the insurance cost. Here, we want to discuss other factors that impact the cost of Homeowners Insurance.

Age Of The Home

A newer construction will be less expensive to insure than an older one. Chances are it is more up-to-code and tile roof than composite shingle.

Proximity To Fire Hydrant

Believe it or not, the closer you live to a fire hydrant, the less you will pay for Homeowners Insurance.

Location

Location plays a large role in determining your premiums. Living along the Gulf Coast, tornado alley, or earthquake country can impact the cost of insurance as natural disasters are more common and therefore likely to damage to homes.

Building Materials

What your home is made of will directly impact your insurance cost. The materials used to build a home impact how costly the home is to repair or rebuild. Fire resistant materials will lower your premiums, while wood-frame homes will be more costly to rebuild, thereby raising premiums.

As insurance covers replacement costs, a home that uses custom, rare, or imported materials will lead to more costly repairs / rebuilds.