Matthew Rios Farmers Agency

Are you a homeowner paying for coverage?

Summary of this article -

An average increase of 4% is expected this year for homeowners insurance coverage.

In 2025 the average increase was 12%. Since 2021 the average increase was 46%.

Most expensive states for homeowners coverage -

1. Florida - average annual premium = $8,458
2. Oklahoma - average annual premium = $5,205
3. Louisiana - average annual premium = $5,035
4. Nebraska - average annual premium = $4,560
5. Texas - average annual premium = $4,529

Price increases are outpacing inflation & income growth.

3 out of 10 homeowners would do away with coverage if they could.

US Home Insurance Prices Set to Keep Rising With Severe Weather US home insurance premiums are set to rise for a fifth straight year in 2026 as insurers grapple with losses from extreme weather and high rebuilding