A new analysis reveals that annual homeowners insurance premiums now exceed the average annual car payment in 10 states, highlighting the accelerating insurance affordability crisis across America.
The Most Expensive States
- Florida: $6,200/year average
- Louisiana: $5,800/year
- Texas: $4,900/year
- Oklahoma: $4,200/year
- Colorado: $3,900/year
What's Driving Costs
Climate-related disasters, rising construction material costs, and reinsurance rate hikes are the primary drivers. The average U.S. homeowner now pays $2,700/year, up from $1,500 in 2020.
Financial advisors recommend shopping rates annually, raising deductibles, and bundling home and auto policies to reduce premiums by 15-25%.
