Extreme Weather Drives Home Insurance Premiums Up in the U.S.
• Home insurance premiums in the U.S. are expected to rise for the fifth consecutive year in 2026 due to extreme weather events.
• Severe convective storms, including tornadoes and hail, have caused over $42 billion in insured losses annually.
• States like Minnesota, Colorado, Nebraska, and Oklahoma have seen insurance premium increases exceeding 20%.
Home insurance premiums increasing for fifth year
Home insurance premiums in the United States are projected to increase for the fifth consecutive year in 2026, driven by escalating costs from extreme weather events and high rebuilding expenses. Insurify forecasts a 4% average annual premium increase, reaching approximately $3,057, after a 12% surge in 2025. Since 2021, premiums have risen by 46%, outpacing inflation.
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