Home Insurance Rates Are Rising — See Where Your State Ranks

If you own a home, you have a homeowners insurance policy to go with it. Your insurance policy covers structural damage to your house and belongings and can protect you from lawsuits if a visitor suffers an injury on your property.

However, you may have noticed an uptick in your insurance rate in recent years. You’re not alone — many insurers have been increasing rates nationwide. Here’s a look at the average homeowners insurance rate increase in every state between 2018 and 2023, according to an S&P Global Marketing Intelligence study. 

• Effective insurance rate change: 22.0%
• Median home price: $329,900

• Effective insurance rate change: 6.4%
• Median home price: $444,924

• Effective insurance rate change: 52.9%
• Median home price: $498,000

• Effective insurance rate change: 32.5%
• Median home price: $300,000

• Effective insurance rate change: 43.7%
• Median home price: $799,000

• Effective insurance rate change: 57.9%
• Median home price: $600,000

• Effective insurance rate change: 23.4%
• Median home price: $475,000

• Effective insurance rate change: 17.5%
• Median home price: $472,950

• Effective insurance rate change: 43.2%
• Median home price: $446,000

• Effective insurance rate change: 27.0%
• Median home price: $398,000

• Effective insurance rate change: 12.6%
• Median home price: $811,650

• Effective insurance rate change: 29.6%
• Median home price: $565,000

• Effective insurance rate change: 45.8%
• Median home price: $325,000

• Effective insurance rate change: 25.1%
• Median home price: $309,900

• Effective insurance rate change: 34.7%
• Median home price: $309,900

• Effective insurance rate change: 27.3%
• Median home price: $329,000

• Effective insurance rate change: 18.5%
• Median home price: $295,000

• Effective insurance rate change: 24.9%
• Median home price: $286,525

• Effective insurance rate change: 11.7%
• Median home price: $425,000

• Effective insurance rate change: 32.1%
• Median home price: $425,000

• Effective insurance rate change: 22.8%
• Median home price: $775,000

• Effective insurance rate change: 19.2%
• Median home price: $285,000

• Effective insurance rate change: 39.1%
• Median home price: $399,900

• Effective insurance rate change: 14.7%
• Median home price: $296,520

• Effective insurance rate change: 28.6%
• Median home price: $300,000

• Effective insurance rate change: 34.1%
• Average home price: $463,685

(Average home price sourced from Zillow)

• Effective insurance rate change: 48.6%
• Median home price: $364,990

• Effective insurance rate change: 21.0%
• Median home price: $495,000

• Effective insurance rate change: 17.9%
• Median home price: $559,900

• Effective insurance rate change: 15.4%
• Median home price: $569,900

• Effective insurance rate change: 35.5%
• Median home price: $395,000

• Effective insurance rate change: 19.0%
• Median home price: $699,000

• Effective insurance rate change: 36.5%
• Median home price: $405,240

• Effective insurance rate change: 16.6%
• Median home price: $355,000

• Effective insurance rate change: 22.4%
• Median home price: $275,000

• Effective insurance rate change: 42.2%
• Median home price: $305,170

• Effective insurance rate change: 44.8%
• Median home price: $567,995

• Effective insurance rate change: 16.9%
• Median home price: $305,000

• Effective insurance rate change: 33.7%
• Median home price: $559,000

• Effective insurance rate change: 9.2%
• Median home price: $363,138

• Effective insurance rate change: 41.0%
• Median home price: $375,000

• Effective insurance rate change: 23.2%
• Median home price: $425,000

• Effective insurance rate change: 59.9%
• Median home price: $388,628

• Effective insurance rate change: 51.9%
• Median home price: $614,000

• Effective insurance rate change: 5.8%
• Median home price: $459,000

• Effective insurance rate change: 33.9%
• Median home price: $459,000

• Effective insurance rate change: 30.4%
• Median home price: $649,999

• Effective insurance rate change: 8.8%
• Median home price: $334,900

• Effective insurance rate change: 21.4%
• Median home price: $359,900

• Effective insurance rate change: No data available
• Median home price: $462,500

Editor’s note: Median home prices are from Redfin as of May 13, 2024.