Home Insurance Premiums Surge 24% Nationwide, Midwest Leads with Sharpest Rise
A recent analysis shows U.S. homeowners now pay about 24% more for insurance than three years ago, with the Midwest experiencing the steepest increases.
A NerdWallet study using one outlet Information Services' insurer filing data reveals that typical U.S. home insurance premiums climbed 24% over the past three years, reaching $2,564 in early 2026. The Midwest bore the brunt of the increase, with Wisconsin experiencing a 40.9% cumulative rise and Michigan a 29.9% rise, outpacing the national average. Analysts attribute the regional spike to a surge in extreme weather, notably severe hail events that jumped dramatically in states like Missouri, Illinois, and Indiana.
Although the overall pace of premium growth slowed to 4.6% in the most recent year, premiums still rose in most states, with Pennsylvania, Arizona and Minnesota posting double-digit gains. Some states, including North Carolina and Rhode Island, saw modest declines, reflecting a calmer 2025 Atlantic hurricane season and regulatory reforms in California and Florida.
Why it matters
Rising home insurance costs affect household budgets and reflect growing climate-related risks across the United States.
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