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5d ago

U.S. Home Insurance Set for Fifth Year of Increases in 2026, With Sharp State-by-State Splits

Premium costs have outpaced inflation across most states in recent years.

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A woman reacts to seeing the remains of her mother's home destroyed by the Marshall Wildfire in Louisville, Colorado, on December 31, 2021.
A home is severely damaged after Hurricane Beryl swept through the area on July 08, 2024 in Freeport, Texas. Tropical Storm Beryl developed into a Category 1 hurricane as it hit the Texas coast late last night. (Photo by Brandon Bell/Getty Images)

Overview

  • Insurify projects a 4% national rise in 2026 to about $3,057 after a 12% jump in 2025, while LendingTree reports rates rose 45.8% from 2020 to 2025 versus 26.1% inflation.
  • California could see about a 16% increase in 2026 following major 2025 wildfire losses, and a separate State Farm rate agreement for a 17% hike awaits final approval.
  • Florida remains the costliest market at an average $8,292 in 2025, with a projected 2% rise in 2026, as state-backed Citizens will cut rates an average 8.7% starting June 1.
  • Several states saw some of 2025’s largest spikes, led by Minnesota (+34%), Colorado (+33%), Iowa (+28%), Nebraska (+25%), Oklahoma (+24%) and South Carolina (+20%).
  • Insurers point to severe weather and higher rebuilding costs, with convective storms generating more than $42 billion in insured losses for three consecutive years and policy changes shifting more risk to homeowners.