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Home/Fixed Income & Data Services/ICE Climate/How are home insurance costs changing across the United States?

How are home insurance costs changing across the United States?

Access insights from ICE’s in-depth analysis of 10 years of U.S. insurance trends, uncovering the key forces driving rising costs since 2014.

Nov. 7, 2025

Key takeaways

  • Average total annual insurance premiums for single-family homeowners rose about 90%, from $1,270 in 2014 to $2,405 in 2025, an increase driven by home value growth, inflation, and climate-related risks, among other factors.
  • Regional disparities are growing: Louisiana, Nebraska and Florida saw the largest increases in cost per $1,000 of coverage between 2019 and 2025.
  • Homeowners with newly originated loans tend to pay less per $1,000 of coverage than other homeowners, perhaps because they actively shop around for policies.
  • Since 2022, homeowners with newly originated loans have systematically higher hazard deductibles than other active loans, a trend that seems to be accelerating.
  • States with tighter insurance regulations tend to have lower average insurance costs per $1,000 of coverage.

In many parts of the United States, rising insurance costs are causing affordability challenges.

News articles from communities in Florida, Iowa and Louisiana include profiles of homeowners who have been dropped by their insurance carriers and forced to find new policies with premiums that can sometimes be more than twice as expensive as their old coverage. While those who own their homes outright can forgo insurance entirely (and more and more are), for homeowners with mortgages, insurance is an unavoidable cost. Lenders require basic home insurance. Homeowners in areas designated by the Federal Emergency Management Agency as at high flood risk face still higher insurance-related costs, because lenders require them to hold additional flood insurance.

So how have home insurance costs changed over the last 10 years?

Premiums are tied to the amount of coverage. As home values increase, the amount of insurance coverage purchased generally also increases, leading to a rise in premiums even if everything else remains constant. Climate-related risks, state regulations, and inflation also influence these costs. In this report, ICE examines changes in insurance costs from multiple angles between 2014 and 2025 through charts and maps. All visualizations and analyses are done by ICE and are based on insurance costs from more than 18 million single-family loans in the ICE McDash data set.

Annual average total insurance costs for active single-family loans each year between 2014 and 2025 by county.

Source: ICE McDash as of 9/01/2025

Access the report

Gain deeper insights into shifting home insurance costs nationwide.

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