U.S. Homeowner’s Insurance Premiums Change in Cost since 2016*
Due to natural disasters and rising construction and re-insurance costs, the ability to find comprehensive homeowner’s insurance at an affordable cost has become increasingly challenging. National costs have been rapidly accelerating since the beginning of 2023 .*
25%
20%
2024 begins ▲
This chart using Bureau of Labor Statistics data is based on a January 2016 cost of “ 0 ” : A reading of 28% signifies a premium increase of 28% since 2016.* Some states – such as Florida, California and Louisiana – have seen much larger rate surges in recent years. But rates vary widely according to specific risk factors.
15%
10%
2023 begins ▲
5%
Updated through November 2024
0%
*U.S. Bureau of Labor Statistics, Premiums for Homeowner's Insurance, from Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PCU9241269241262. Not seasonally adjusted. Data from sources deemed reliable but may contain errors and subject to revision.
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