How Location Affects Your Average Flood Insurance Cost – What You Need to Consider
Your property's location and its flood zone are major factors in determining your average NFIP flood insurance premium. Homes in high-risk zones like V and A typically have higher premiums than those in lower-risk areas such as B, C, or X.
Location
Across the country, homeowners can purchase flood insurance through the National Flood Insurance Program (NFIP). The average flood insurance cost is around $700 annually nationally, which can vary depending on your location.
For example, New York homeowners in Nassau County pay the most for a policy since this county has experienced the most flooding events. On the other hand, Seneca County has experienced fewer flood events, so its residents pay less for coverage. You can find the historical flood risk for a specific addres...