Homeowners insurance premiums in the United States have increased in cost over the past two decades and reached a peak in 2024. The average premiums for homeowners insurance increased from ***** U.S. dollars in 2007 to ***** U.S. dollars in 2024.

Graph and download economic data for Producer Price Index by Industry: Premiums for Property and Casualty Insurance: Premiums for Homeowner's Insurance (PCU9241269241262) from Jun 1998 to Sep 2025 about property-casualty, premium, insurance, housing, PPI, industry, inflation, price index, indexes, price, and USA.

The Global Home Insurance Market Size Was Worth USD 234 Billion in 2023 and Is Expected To Reach USD 423 Billion by 2032, CAGR of 7.5%.

To offer personalized home insurance contract proposals, an insurance company wishes to integrate a model into its system that can predict whether a building will have an incident during the insurance period. Therefore, we are launching this competition to propose the winning prediction model. For this purpose, we provide the dataset "train_insurance.csv." It consists of 5012 observations described by 12 descriptive attributes and a class variable, "claim." Here is a brief description of the different variables:

Customer Id: The identification number of the beneficiary
YearOfObservation: The year of observation of the building's condition
Insured_Period: The insurance period (1: 1 year, 0.5: 6 months)
Residential: Is the building residential? (1: yes, 0: no)
Building_Painted: Is the building painted? (N: yes, V: no)
Building_Fenced: Is the building fenced? (N: yes, V: no)
Garden: Does the building have a garden? (V: yes, O: no)
Settlement: The area of the building. (R: rural area, U: urban area)
Building Dimension: The size of the building in m²
Building_Type: The type of building ('Fire-resistive', 'Non-combustible', 'Ordinary', 'Wood-framed')
Geo Code: The geographic code of the insured building
Claim: The class variable (yes if the building had at least one claim during the insurance period, and no if the building had no claim during the insurance period)

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Homeowners Insurance Market Size 2024-2028

The homeowners insurance market size is forecast to increase by USD 65.9 billion at a CAGR of 4.6% between 2023 and 2028.

The market is experiencing significant growth due to several key factors. The increasing number of natural disasters and man-made hazards has led to a higher demand for comprehensive insurance coverage. New technological developments In the home insurance industry, such as the use of drones for property inspections and smart home systems for risk mitigation, are transforming the market. Additionally, the vulnerability to cybercrimes, including identity theft and hacking, is driving insurers to offer cyber insurance policies as part of their homeowners packages. These trends are shaping the future of the market and are expected to continue influencing its growth.

What will be the Size of the Homeowners Insurance Market During the Forecast Period?

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The market is a significant segment of the global casualty insurance sector, providing financial protection for homeowners against various risks. Homeowners, as key asset holders, rely on insurance companies to safeguard their financial security against potential losses from incidents such as natural disasters, theft, and property damage. Insurers employ advanced risk assessment tools to evaluate and price policies based on factors like location, property values, and historical claims data. Recent market trends include increasing concerns over catastrophic risks, driven by both natural disasters and pandemic-related losses. The low-interest-rate environment has also influenced the market, affecting loss reserves and policyholder surplus.
Moreover, insurance companies continue to navigate the challenges posed by financial market losses and the legal responsibility to policyholders for covered damages. Asset prices and loss reserves remain crucial indicators of market stability, with property insurance and household/private property insurance being the primary types of coverage sought by homeowners.

How is this Homeowners Insurance Industry segmented and which is the largest segment?

The homeowners insurance industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Fire and theft
  House damage
  Floods and earthquake
  Others


Source

  Captive
  Independent agent
  Direct response


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    Japan


  South America



  Middle East and Africa

By Type Insights

The fire and theft segment is estimated to witness significant growth during the forecast period.

The market growth is driven by the increasing prevalence of natural disasters and theft incidents, leading homeowners to seek additional coverage beyond standard property insurance policies. Fire insurance, a significant segment, protects against losses caused by fire, with many homeowners opting for additional coverage to offset costs exceeding their base policy limits. Policies exclude certain perils, such as war and nuclear risks. Theft insurance, another essential component, safeguards against financial losses resulting from theft or vandalism. Advanced risk assessment tools enable insurance firms to customize policies based on clients' risk profiles and underwriting guidelines, offering premium payment flexibility and virtual interactions.

Get a glance at the Homeowners Insurance Industry report of share of various segments Request Free Sample

The fire and theft segment was valued at USD 80.90 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 40% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American market will experience steady growth due to the high frequency of natural disasters, leading to an increased demand for reinsurance policies. Catastrophic events, such as hurricanes, tornados, and tsunamis, can cause significant damage to residential properties, resulting in substantial insurance claims. Reinsurers provide capital to primary insurers when the number of claims is high, ensuring financial security for policyholders. Despite the challenges, reinsurance firms have managed to maintain consistent revenue streams. Property values, homeowners, assets, and liability coverage are integral components of homeowners insurance policies. Insurance providers offer customized policies for various risks, including natural disasters, theft, an

Thailand Life Insurance Premiums: First Year: Home Insurance: Universal Life data was reported at 36.330 THB mn in Jun 2018. This records an increase from the previous number of 18.494 THB mn for Mar 2018. Thailand Life Insurance Premiums: First Year: Home Insurance: Universal Life data is updated quarterly, averaging 28.608 THB mn from Mar 2016 (Median) to Jun 2018, with 10 observations. The data reached an all-time high of 77.979 THB mn in Dec 2016 and a record low of 10.792 THB mn in Mar 2016. Thailand Life Insurance Premiums: First Year: Home Insurance: Universal Life data remains active status in CEIC and is reported by Office of Insurance Commission. The data is categorized under Global Database’s Thailand – Table TH.Z030: Life Insurance Statistics.

The Report Covers United States Homeowners Insurance Market Size & Industry Statistics and It is Segmented by Insurance Type and Distribution Channels.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Tenants' and Household Insurance in U.S. City Average (CUUR0000SEHD) from Dec 1997 to Sep 2025 about insurance, urban, households, consumer, CPI, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Industry: Premiums for Property and Casualty Insurance: Premiums for Homeowner's Insurance was 265.52700 Index Jun 1998=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Premiums for Property and Casualty Insurance: Premiums for Homeowner's Insurance reached a record high of 265.52700 in August of 2025 and a record low of 100.00000 in June of 1998. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Premiums for Property and Casualty Insurance: Premiums for Homeowner's Insurance - last updated from the United States Federal Reserve on November of 2025.

Home insurance, often a cornerstone of financial stability for families, saw significant shifts in 2024. Rising natural disasters, an unpredictable economic landscape, and evolving demographics are changing the way insurers approach policies, coverage, and premiums. New trends emerged, highlighting the importance of affordable yet comprehensive coverage for homeowners. This article...

Property Insurance Complaints Statistics (Insurance Industry Development Center)

This statistic illustrates select home insurance (including building and content) companies with the lowest claims acceptance rates in the United Kingdom (UK) in 2018 and 2019. Overall, ** companies selling home insurance in the United Kingdom were studied to see their claims acceptance rates as of 2019, in comparison to 2018. The data presented in this statistic is the mean claims acceptance rate of the low and high estimates.

As of 2019, St Andrew's Insurance Plc Limited had the lowest claims acceptancy rate of the insurance companies looked at with **** percent. This meant that almost one in five insurance claims made was not accepted.

泰国 Life Insurance Premiums: DIP: Home Insurance: Linked Unit在2018-12达36,070.754 THB mn，相较于2018-09的28,408.993 THB mn有所增长。泰国 Life Insurance Premiums: DIP: Home Insurance: Linked Unit数据按季度更新，2018-09至2018-12期间平均值为32,239.874 THB mn，共2份观测结果。该数据的历史最高值出现于2018-12，达36,070.754 THB mn，而历史最低值则出现于2018-09，为28,408.993 THB mn。CEIC提供的泰国 Life Insurance Premiums: DIP: Home Insurance: Linked Unit数据处于定期更新的状态，数据来源于Office of Insurance Commission，数据归类于Global Database的泰国 – Table TH.Z031: Life Insurance Statistics。

The Illinois-headquartered insurance company, State Farm, held over ** percent of the homeowner insurance market in the United States in 2023. Meanwhile, Allstate Corporation only had *** percent of the market.

Statista estimates that the overall average cost of online premiums in the property insurance industry in Germany will increase by ** euros between 2019 and 2024, reaching *** euros in 2024. In 2019, the B2C property insurance market was worth over ** billion euros.

State Farm insurance from Bloomington, Illinois, was the leading homeowners insurance writer in the United States in 2023. With a market share around ** percent, this insurance company was far ahead of the second-largest homeowner insurer in the U.S. by around **** percent in that year.

It is estimated that in the United Kingdom (UK), the number of new policies (B2C) in the property insurance industry will have decreased by approximately *********** policies between 2018 and 2024.Statista estimates that the share of new policies that will be taken out online between 2018 and 2024 will increase as more individuals take advantage of online comparison sites to find the best deal. To learn more about the future of the B2C digital insurance industry in the UK, read our in-depth report.

The global home insurance market size which is estimated to project a CAGR of 7.3% and reach USD 417.66 billion during the forecast period. According to a poll by the Insurance Information Institute in 2020, 49%.
Report Scope:

Market Size statistics on the Homeowners' Insurance industry in the US

Number of Businesses statistics on the Homeowners' Insurance industry in the US