WASHINGTON, DC – This week, Grist published a new nationwide analysis confirming that the home insurance crisis is deepening across the country, with few states spared and no end in sight. Average premiums rose twelve percent last year to $2,948, far outpacing inflation, with another four percent increase projected for 2026. Grist’s report spotlights states where Unlocking America’s Future has been sounding the alarm for months.
“Insurance companies are jacking up prices and denying coverage while posting record profits, and elected officials are letting them get away with it,” said Kyle Herrig, spokesperson for Unlocking America’s Future. “Families across the county are being left without a safety net due to insurers’ profit maximizing practices. It’s past time for elected officials and regulators to put homeowners first by holding these home insurance corporations accountable.”
Florida leads the nation with a projected average annual premium of $8,458, nearly three times the national average. Louisiana and Texas aren’t far behind, at $5,035 and $4,529, respectively. Minnesota ranks among the most expensive states at $3,654, driven by a 67% surge in premiums over the last five years.
And in California, premiums are set to climb another sixteen percent this year, as major insurers continue to pass on more of their costs to customers. In North Carolina, a quarter of all homeowners’ insurance claims after Hurricane Helene were closed without payment. Increasingly, homeowners are being forced to pay exorbitant amounts for coverage, and getting less for it.
See UAF homeowner insurance crisis information on Florida, Texas, Louisiana, California, Minnesota, and North Carolina.
Read more below.
Grist: Is your state becoming uninsurable? We have the latest data.
The average American homeowner’s insurance bill rose 12 percent last year, reaching $2,948 per year, and will rise another 4 percent this year. This is much faster than overall inflation for the same period.
Insured losses from natural catastrophes in the U.S. averaged $100 billion a year between 2023 and 2025, up from an annual average of around $15 billion per year a decade earlier.
Florida […] saw an 18 percent jump in 2025 because insurers were able to react quickly to heavy losses from Helene.
[In North Carolina,] a quarter of homeowners’ insurance claims after Helene were closed without payment last year. Furthermore, some insurance companies are abandoning the state, or risk-prone swaths of it, entirely. Nationwide, for example, dropped 10,000 customers in hurricane-prone zip codes of coastal North Carolina in 2024.Insurance prices have gone up by 16 percent in the last two years [in California], and are about to increase by another 16 percent this year.
“In North Carolina and in higher-risk coastal states, insurers are not providing coverage, like in your base home policy plan, for things like high wind damage,” said Jayson O’Neill, a spokesperson for Unlocking America’s Future, which recently released a report on North Carolina’s insurance trends.
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