How Much Is Homeowners Insurance on a $300,000 House?

Homeowners insurance on a $300,000 home costs $3,977 a year on average, based on $300,000 in dwelling coverage, $150,000 in personal property coverage, $300,000 in liability coverage and a $1,000 deductible. That average hides a wide range: insurer choice alone can swing your premium by over 300%, and raising your deductible from $1,000 to $2,000 saves 8.6% a year on average. Credit score matters too, with poor credit costing nearly three times more than excellent credit for the same coverage.

The deductible is the amount you pay before your insurance covers costs. Choosing a higher deductible lowers your monthly premium because you're trading higher upfront costs for long-term savings.

For example, the average yearly cost to insure a $300,000 home with $300,000 in dwelling coverage and a $1,000 deductible is $3,977. Raising your deductible to $2,000 lowers your premium by $341 per year. That 8.6% in savings is only worth it if you can afford to pay the $2,000 deductible out of pocket.

Insurers weigh claims history and deductible amounts differently, so the same profile can produce different rates across carriers. Amica is the most affordable provider for a $300,000 home, with an average annual rate of $1,624. Travelers is the most expensive at $6,586, a $4,962 difference from Amica.

Price isn't the only difference between these providers. Amica topped our list of the best homeowners insurance companies and earned the highest customer satisfaction score in the J.D. Power 2026 U.S. Home Insurance Study. That combination makes its low rate a good value if customer service matters to you. If you want a wider range of coverage options, paying more for a provider like AAA or USAA is worth it.

Credit scores affect home insurance rates in most states. The difference between an excellent and a poor score can change your annual premium by up to $4,868.

Insurers use credit scores to assess financial responsibility and predict the likelihood that you'll file a claim. A higher credit score equals lower risk to an insurer, which results in lower premiums.

To figure out how much home insurance coverage you need for a $300,000 home, check the cost of rebuilding your home and your financial standing. Base your dwelling coverage on the rebuild cost, not your property's market value. The market value includes the land while the rebuild cost covers only the structure. Understand standard home insurance coverages to make sure your home is properly protected without being overinsured or underinsured.

Dwelling coverage is the foundation of your home insurance policy because it provides financial protection for your house's physical structure. You should have enough coverage to match the estimated cost to rebuild your home if disaster strikes.

A house with a market value of $300,000 may cost more or less to rebuild. Research building costs in your area or contact an insurance agent for help.

Consider carrying coverage slightly above your current reconstruction estimate to account for construction cost increases or future renovations.

Other structures coverage applies to detached structures on your property, such as a garage, shed or fence. This coverage is typically set at 10% of your dwelling limit. Confirm that the amount is sufficient to repair or replace your detached structures before a claim occurs.

If your furniture, electronics or other personal items are damaged or lost, personal property coverage pays to repair or replace them. Get an accurate coverage limit by documenting what you own and estimating what it would cost to replace. Most insurers default that limit to 50% of your dwelling coverage unless you request otherwise.

If a guest gets hurt on your property or you damage their belongings, liability coverage steps in to cover your finances, paying legal expenses and court judgments up to your policy limit. Legal claims add up fast, which makes higher liability coverage worth considering.

When a covered event leaves your home unlivable, loss of use coverage picks up your temporary living expenses, things like hotel bills, restaurant meals and other extra costs that pile up while repairs are underway.

Say a storm drops a tree through your roof and the house becomes unsafe to live in. This coverage reimburses you for temporary housing until you can move back home.

Loss of use limits fall between 10% and 30% of your dwelling coverage.

Homeowners insurance on a $300,000 house costs $3,977 a year on average, but insurer choice moves that number more than anything else. Rates range from $1,624 with Amica to $6,586 with Travelers, and Amica backs up its low price with the top spot in our home insurance company rankings and the highest score in the J.D. Power 2026 U.S. Home Insurance Study.

Your deductible and credit score matter too. Raising your deductible from $1,000 to $2,000 cuts your premium by 8.6%, and excellent credit can save you up to 178.8% compared with poor credit. Compare quotes from a few insurers directly to see what you can expect for your profile.

Why Trust MoneyGeek?

MoneyGeek analyzed quotes from multiple insurers across the U.S. using a profile that reflects the average homeowner. The comparison pulls from different locations and companies, so the estimates hold up as reliable and reveal how rates vary by provider.

Methodology

Premium data from Quadrant Information Services formed the basis for MoneyGeek's evaluation of homeowners insurance carriers.

Homeowner Profile

This analysis relies on a sample homeowner profile with the following characteristics:

• Good credit score (769 to 792)
• Home constructed in 2000
• Wood-frame construction
• Composite shingle roof

Homeowners Insurance Coverage Details

Unless otherwise specified, we collected quotes using the following coverage limits:

• $300,000 in dwelling coverage
• $150,000 in personal property coverage
• $300,000 in personal liability coverage
• $1,000 deductible

To learn more about how we calculate home insurance costs, see our methodology.