Homeowners across the nation are seeing rising home insurance costs. It's normal for these rates to go up about 5% every year, according to Consumer Reports, but they went up an average of 12% in 2023 and then almost 7% in the first half of 2024. The past year was only marginally better, with rates spiking over 6% in 2025.
And those are average figures. Some states have even more expensive home insurance than others. Homeowners in Florida (like yours truly) have seen insurance premiums jump 60% over the last few years. With the ever-increasing cost of home insurance, many homeowners are having a hard time making monthly insurance payments on top of mortgage payments, taxes, utilities and other bills.
