Legacy Partners Insurance Services

US property insurance costs have reached a record high in the first half of 2025, with the average annual insurance payment for mortgaged single-family homes climbing 4.9% to nearly $2,370, driven largely by climate-fueled disasters like wildfires and flooding in states such as California, North Carolina, and South Carolina. In Los Angeles alone, premiums increased by 9% in just six months (nearly 20% since mid-2024), and insurers are increasingly retreating from high-risk markets as they adjust to mounting losses.

We monitor these national trends closely because they ultimately influence what’s available and affordable for the families and businesses that we insure. Our role as an independent agency is to help clients understand how broader market shifts affect them locally and to guide decisions that keep coverage both reliable and cost-effective, even as the landscape changes.