Homeowners Paying More Than Ever
Average home insurance premiums in the U.S. are up 20% this year. Natural disasters like wildfires and hurricanes are pushing insurers to raise rates. Some companies are even pulling out of high-risk zones entirely.
States Hit Hardest
Florida, California, and Louisiana top the list. In some coastal towns, insurance is now harder to get than a mortgage. Insurers say it’s no longer sustainable to cover high-risk areas without higher premiums.
How Insurers Are Responding
Companies are investing in AI and satellite data to better assess risk. Some are offering discounts for climate-proof upgrades like fire-resistant roofs or elevated homes. Still, many homeowners feel they are being priced out.
What’s Being Done?
State governments are exploring subsidies or public insurance options. Meanwhile, federal climate policy is under pressure to support affected communities and help the insurance sector adapt.
What It Means for You
If you live in a climate-sensitive area, expect your insurance to get more expensive. It’s time to rethink risk—and maybe your address.