Map Reveals States Where Home Insurance Is Devouring Household Budgets
Summary
Home insurance costs are rising fast in many U.S. states, especially those prone to natural disasters. In some states like Nebraska and Oklahoma, insurance takes up a bigger part of monthly housing costs than mortgage payments or property taxes.Key Facts
- Home insurance now makes up at least 10% of monthly housing costs in 20 states.
- In Nebraska, insurance accounts for 19.4% of monthly housing costs, the highest in the U.S.
- From 2019 to 2025, average home insurance premiums in the U.S. rose by 72% to about $201 per month.
- Home prices have increased 54% nationwide since 2020, while mortgage rates rose from about 2-3% to around 6.5%.
- Property taxes increased over 30% between 2019 and 2025.
- States like Florida and California face extra challenges due to high fraud, litigation, and strict regulations affecting insurance costs.
- Insurance companies are leaving some markets due to high risks and costs.
- Homeowners’ association fees in some places have also risen due to new building safety laws.
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