Experts Say Florida Most Expensive State For Insurance

Home insurance is priciest in states where Mother Nature is least kind. Wind, rain, hail, and hurricanes drive up the costs, and the high price of building materials doesn't help. Here, according to calculations by Forbes magazine, are the 10 most expensive places to buy homeowners insurance. One thing worth noting is that the numbers for Florida don’t include the 1.35 million properties insured by the state’s insurer of last resort, Citizens Property Insurance Corp., which is underwritten by tax dollars. Experts say if these numbers were reflected in the totals, Florida would be the most expensive. Here are the top 10 and their average annual insurance costs:

1. Texas, $1,372
2. Louisiana, $1,144
3. Oklahoma, $1,030
4. District of Columbia, $963
5. Mississippi, $939
6. Florida, $929
7. California, $895
8. Rhode Island, $849
9. Alabama, $847
10. Kansas, $836