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Which states get the most value from homeowners coverage?

Every state ranked by how much of each premium dollar comes back to policyholders as coverage — the NAIC loss & cost-containment ratio (claims paid, plus the cost of defending and containing those claims, ÷ earned premium) for homeowners insurance in 2024. A higher number means more of what homeowners customers paid in came back out as claims; a lower number means more of the premium stayed with insurers as margin and overhead. From 2024 NAIC property & casualty state totals.

63¢ came back to homeowners policyholders for every premium dollar in 2024
Best value: Nebraska — 136.6¢ back per $1
Least value: Hawaii — 27.1¢ back per $1
Total homeowners premium: $172,963,639,000
# State Loss + cost containment Direct written premium
1 NebraskaNE 136.6¢ $1,451,438,000
2 New MexicoNM 119.2¢ $935,370,000
3 GeorgiaGA 113.4¢ $5,665,875,000
4 South CarolinaSC 106.7¢ $3,107,784,000
5 MissouriMO 94.2¢ $3,423,476,000
6 ArkansasAR 90.4¢ $1,658,240,000
7 OregonOR 82.8¢ $1,632,542,000
8 IllinoisIL 78.8¢ $6,330,378,000
9 OklahomaOK 76.8¢ $2,700,907,000
10 North CarolinaNC 74.9¢ $4,806,091,000
11 WashingtonWA 73.1¢ $3,424,707,000
12 ColoradoCO 70.7¢ $5,245,445,000
13 UtahUT 69.1¢ $1,253,681,000
14 KansasKS 68.6¢ $1,846,478,000
15 IowaIA 66.9¢ $1,538,729,000
16 WisconsinWI 66.5¢ $2,443,298,000
17 TexasTX 65.6¢ $19,238,720,000
18 MinnesotaMN 65.5¢ $4,030,901,000
19 MichiganMI 65.2¢ $4,279,089,000
20 OhioOH 64.7¢ $4,683,985,000
21 NevadaNV 62.3¢ $1,041,721,000
22 KentuckyKY 61.5¢ $1,929,349,000
23 IndianaIN 61.5¢ $3,243,315,000
24 TennesseeTN 58.2¢ $3,553,672,000
25 MississippiMS 58.0¢ $1,613,409,000
26 FloridaFL 57.6¢ $18,472,514,000
27 AlaskaAK 57.4¢ $239,253,000
28 West VirginiaWV 56.7¢ $608,718,000
29 ConnecticutCT 56.6¢ $2,346,422,000
30 New JerseyNJ 53.7¢ $4,114,286,000
31 ArizonaAZ 53.6¢ $3,398,447,000
32 DelawareDE 53.2¢ $471,535,000
33 PennsylvaniaPA 53.2¢ $5,268,796,000
34 MarylandMD 52.6¢ $3,241,847,000
35 MontanaMT 52.0¢ $715,777,000
36 IdahoID 51.6¢ $854,110,000
37 North DakotaND 49.7¢ $352,022,000
38 CaliforniaCA 49.4¢ $15,476,643,000
39 AlabamaAL 49.3¢ $2,922,403,000
40 VirginiaVA 48.1¢ $3,977,482,000
41 District Of ColumbiaDC 46.5¢ $243,571,000
42 VermontVT 44.3¢ $302,292,000
43 New YorkNY 44.2¢ $8,318,509,000
44 South DakotaSD 43.4¢ $506,756,000
45 WyomingWY 42.8¢ $397,269,000
46 New HampshireNH 40.8¢ $660,838,000
47 Rhode IslandRI 40.0¢ $688,172,000
48 LouisianaLA 38.5¢ $3,317,982,000
49 MaineME 32.0¢ $664,813,000
50 MassachusettsMA 28.8¢ $3,756,336,000
51 HawaiiHI 27.1¢ $568,246,000

This is the loss & cost-containment ratio — claims paid plus the money spent defending and containing those specific claims (legal defense, litigation), as a share of premium. It doesn't include the insurer's general overhead. It isn't a quality score: a high ratio can mean generous payouts or simply costly losses in that state, and one bad catastrophe year can lift it.