How expensive is homeowner's insurance in your neck of the woods? The Insurance Information Institute conducted a study and named the 10 most expensive and 10 least expensive states for homeowner's insurance. If you find your state on the first list, you may have to spend a little more time shopping and comparing rates to find cheap homeowner's insurance that gives you the coverage you need. People living in the states on the second list shopping for home insurance should have pretty good success price-wise. The it is a matter of finding the right policy for you. Here's the rundown.