Monthly housing payments have escalated in recent years, partially due to an increase in insurance costs. An analysis from online lending platform LendingTree shows that home insurance now makes up 8.5% of typical monthly housing costs for homeowners with a mortgage nationwide. In some states, that share is even higher.

Home insurance is adding a hefty price to the typical mortgage payment

Nationwide, the typical homeowner spends an estimated $1,843 a month on mortgage payments, but that's not the only cost. The typical homeowner also spends $311 on property taxes and $200 on home insurance, for a total monthly housing payment of $2,354.

In some states, home insurance is an even bigger cost barrier

States at high risk of natural disasters see the highest insurance costs. In Nebraska, home insurance accounts for nearly one-fifth of monthly housing costs, equating to about $413 per month. Oklahoma ranks second at 17.6% of total monthly costs, followed by Texas at 14.4% of total monthly costs.

In other states, home insurance is much lower than the nationwide average

On the other hand, Hawaii leads with the lowest home insurance rate. There, home insurance accounts for just 2.1% of monthly costs, followed by Vermont, where they account for just 3.2%.