Why home insurance rates are rising so fast across the US – climate change plays a big role

Andrew J. Hoffman, University of Michigan, The Conversation

Posted 9/23/24

Millions of Americans have been watching with growing alarm as their homeowners insurance premiums rise and their coverage shrinks. Nationwide, premiums rose 34% between 2017 and 2023, and they continued to rise in 2024 across much of the country.