Trends and Insights: Homeowners Insurance Rates

SPONSORED BY

Homeowners insurance costs have increased since the pandemic, with a general rise in premiums occurring from 2001-2021. This is due to a combination of factors that include general inflation, replacement-cost inflation due to supply-chain issues and labor shortages, and losses related to natural disasters, which vary by state.

Consumers and policymakers should be cognizant of the dynamics underlying these price shifts and understand why insurers must be forward looking in their approach to pricing these policies.

(July 9, 2024)