If you’re not sure if you want moving insurance, you’re not alone. Most people don’t. This guide helps you learn the reasons you need or don’t need the coverage.
How Much Does Hazard Insurance Cost?
Water and smoke damage repair costs depend on your project and location. Check with a local pro for your specific job.
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Cost Insights:
Annual hazard insurance premiums range from $1,250 to $1,650 depending on your home size and location across the country.
Your home's age and roof condition raise hazard insurance costs because older materials cost more to replace.
Your budget should include separate flood or earthquake policies, plus a higher deductible that increases out-of-pocket costs.
Hiring a local insurance agent helps you compare hazard insurance quotes and choose coverage that protects your home.
In 2026, the national average annual home hazard insurance premium starts at $1,320, though costs can reach as high as $4,240 depending on your location and home. Most homeowners pay between $1,250 and $1,650 annually, with your home's age, roof condition, location-specific risks like wildfires or severe storms, and the coverage options you choose all driving the spread.
Hazard Insurance Costs by State: Where Prices Vary Most
Hazard insurance costs vary significantly by state, ranging from $380 in Hawaii to $3,520 in Oklahoma, driven by each state's unique risk profile for events like wildfires, high winds, hurricanes, hail, and freezing temperatures. States with lower exposure to these hazards tend to have the most affordable premiums, while high-risk states command the highest premiums.
Flooding and earthquake damage are typically not covered by standard homeowner's insurance, but separate policies are available through private insurers or the National Flood Insurance Program if you need that protection.
The table below breaks down the average annual premium for hazard insurance in a few different states:
| State | Average Annual Premium in 2026 |
|---|---|
| Hawaii | $380 |
| Oregon | $720 |
| New York | $990 |
| Michigan | $1,120 |
| Rhode Island | $1,200 |
| Florida | $1,360 |
| Colorado | $1,660 |
| Texas | $1,870 |
| Nebraska | $2,820 |
| Oklahoma | $3,520 |
Where is Hazard Insurance the Least Expensive?
At $380 per year, Hawaii sits among the least expensive states for hazard insurance, while Oklahoma, at $3,520, ranks among the most expensive. If you live in a region that’s more likely to experience hazards that can lead to structural damage to your home, anticipate spending more for coverage. This includes areas at increased risk of damage from any of the following:
Burst pipes
Earthquakes
Falling objects/avalanches
Fires
Ice and snow
Lightning
Storms
Volcanic eruptions
Wind
Hazard Insurance Cost by Coverage Amount: How Limits Affect Premiums
Dwelling coverage is the core component of a hazard insurance policy, and the amount you need typically equals the cost to rebuild a home, which runs $100 to $500 per square foot depending on your home's size, features, and local market. This coverage protects your home's structure and attached structures, such as garages and carports. The table below shows how national average annual premiums vary by common dwelling coverage limits:
| Dwelling Coverage Limit | Average Annual Premium in 2026 |
|---|---|
| $150,000 | $900 |
| $250,000 | $1,320 |
| $350,000 | $1,730 |
| $450,000 | $2,150 |
Hazard Insurance Cost Factors: What Affects the Price?
Hazard insurance makes up the bulk of the cost of a homeowner's insurance policy, and several home-specific factors determine how much you'll pay, including your home's size, age, location, roof condition, and any recreational features on the property.
Home Size
A larger home costs more to replace after a loss, which means it requires a higher dwelling coverage limit and, in turn, a higher annual premium.
Location
Where you live shapes your hazard insurance cost because each region carries its own risk profile, whether that means wildfires in some states, flooding in others, or major windstorms elsewhere.
Home Age
Older homes tend to raise hazard insurance costs for two reasons: insurers view aging structures as a higher risk, and period features like custom molding, plaster walls, and wood floors often require specialists to restore, which drives up replacement costs.
Roof
An aging or deteriorating roof can raise your hazard insurance premium because it’s less likely to withstand a storm. Choosing a roofing material that’s more durable, damage-resistant, or less costly to replace can work in the opposite direction and help lower your costs.
Recreational Features
Optional features like pools, jacuzzi tubs, and spas increase your home's repair and replacement costs and introduce liability exposure from potential injuries, both of which can push your hazard insurance premium higher.
Tips to Reduce the Cost of Hazard Insurance
There are many ways to potentially reduce your hazard insurance costs, some of which will vary based on the packages offered by different insurance providers. Here are some tips to help you save money on homeowner’s insurance:
Bundle your home insurance policy with an auto insurance policy under one carrier.
Shop around with different providers to compare home insurance quotes.
Ask your insurance provider if they offer any specific discounts.
Improve your credit score.
Work with an independent agent to help you find insurance coverage.
Make updates to your home’s structure or elevate your security.
Read your homeowner’s insurance policy to determine whether you’re over-covered.
You can also increase your home insurance deductible to lower your rate, but only do so if you are comfortable with paying more money out of pocket in the event of damage to your home.
How Angi Gets Its Cost Data
Home is the most important place on earth, which is why Angi has helped more than 150 million homeowners transform their houses into homes they adore. To help homeowners with their next project, Angi provides readers with the most accurate cost data and upholds strict editorial standards. We extensively research project costs to develop the pricing data you see, so you can make the best decisions for you and your home. We rely on reputable sources, including the U.S. Bureau of Labor Statistics, academic journals, market studies, and interviews with industry experts—all to ensure our prices reflect real-world projects.
Want to help us improve our cost data? Send us a recent project quote to [email protected]. Quotes and personal information will not be shared publicly.
Frequently Asked Questions
Water and smoke damage repairs reviews from real Angi homeowners in Columbus, OH
4.8★ avg. • 2 total reviews
- Marwan T.
If you’re good people wanting to do business with good people, hire Matt. He is a consummate professional and utterly competent. He installed a water heater in my home at a price that beat competitors by hundreds of dollars with a promise to support the unit for its life (even after its 6 yr...
Greene's Plumbing Services - Eric T.
Corey Carr was great. I had damage from a recent storm and needed to have my mast and other components replaced. The project entailed coordinating with AEP, and Corey helped make a stressful situation a lot less stressful. I really appreciated his dedication to service and the job very well done.
Mr. Electric of Columbus - Dawn G.
This service was great. My air conditioner went out during the heat spell that we had. My husband has health issues and they came out that night and at 9:30pm the air conditioner was fixed and running. We are sooo very thankful, this is the company I will be using from now on and would...
Mr. Mechanical Ohio - Julio V.
Positive experience. As previously stated, the replacement/repair could not be completed (no fault of the plumbing tech) b/c misinformation was rec?d by property management maintenance. Thanks to the plumbing tech for your efforts. Appreciate you!
The Waterworks - Brent C.
Carpet repair done well. Scheduling was easy. Showed up on time.
BR Flooring Installation - Mike Z.
As usual with ECO, tech Jordan was outstanding, very professional, very knowledgeable, and very thorough with repairs made to tankless water heaters. Very highly recommend ECO!!!
Eco Plumbers, Electricians, and HVAC Technicians - Austin Y.
I would recommend this company to anyone! He showed up on time, was friendly, completed a very difficult repair on our dryer vent cover, was responsive, and pricing was extremely fair and competitive. I would have him back to do any of our repairs or cleanings without hesitation!
U.S.A. Dryer Vent, LLC - Micki B.
Everything from initial contact to completion was absolutely top notch. We contacted the business during off hours to leave a message, and the owner still reached out to feel out the issue within minutes. We were scheduled and repaired within 48 hours. I cannot say enough about the...
Supreme brick & chimney - Donald L.
Ace Fireplace Services came to the rescue for my chimney repair. They were quick to pinpoint the issue and worked their magic to fix it. My chimney is now in excellent shape, and I'm a satisfied customer.
Ace Fireplace Services - Angie M.
When we had the winter freeze, I called Quantum Waterworks Waterline & Drain Cleaning Services and within 1 hour I received an e-mail and he sent someone out the next day and he was on time, he was nice and did the job quickly and cleaned up after himself. We had a leak in our kitchen from...
Quantum Waterworks Waterline & Drain Cleaning Services, LLC
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