Home Insurance Rates Soar in 2026
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Home insurance premiums in the US are surging for the fifth consecutive year in 2026, with insurers grappling with escalating losses from extreme weather events and soaring rebuilding costs. Nationwide, premiums have outpaced both inflation and income growth, with the average homeowner paying $648 more over the past three years. States like Minnesota, Colorado, Nebraska, and Oklahoma experienced premium hikes exceeding 20%. Florida remains the most expensive, with average premiums nearing $8,500. Despite no major hurricanes in 2025, severe storms caused significant damage, leading to insured losses topping $42 billion for three consecutive years. Homeowners are feeling the pinch, with half making financial sacrifices to maintain coverage and nearly a third considering dropping it altogether due to further price increases, particularly in the wake of California wildfires.
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