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 Homeownership Rate in the United States (RHORUSQ156N) from Q1 1965 to Q4 2025 about homeownership, housing, rate, and USA.

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 Feb 2026 about property-casualty, premium, insurance, housing, PPI, inflation, industry, price index, indexes, price, and USA.

Comprehensive dataset of average annual and monthly homeowners insurance premiums across the United States.

Homeowners’ insurers have experienced a substantial increase in demand for their services in recent years, though there have been significant challenges due to high revenue volatility. Escalating climate change has led to more frequent and severe disasters, driving a surge in demand for homeowners’ insurance as households seek financial protection from property losses. Major events, such as the 2021 Texas winter storm and Hurricane Ian in 2022, as well as widespread tornadoes and floods, have led to higher claims and more comprehensive policy purchases, boosting revenue in 2023 and 2024. Economic swings and high volatility have pressured smaller insurers, leading to exits and fewer new entrants, which has raised top providers’ market share since 2020. Meanwhile, high interest rates between 2022 and 2024 have improved investment returns, but expected rate cuts in 2025–2026 will likely slow income growth through fewer opportunities with these investment vehicles. Overall, revenue for homeowners’ insurance businesses has surged at a CAGR of 6.6% in the past five years, reaching $175.1 billion in 2025. This includes a 2.0% rise in revenue in that year. Providers will face new opportunities and challenges moving forward. In 2025, new tariffs increased goods prices and input costs, reducing household spending power and threatening a recession. This pressured demand for homeowners’ insurance has led to forecasts of slower revenue growth and increased market consolidation through mergers and acquisitions among large insurers. Despite this, long-term prospects for the industry are positive. As productivity rises, disposable incomes are expected to recover, supporting home purchases and sustained demand for insurance through 2030. Climate change will drive more severe natural disasters, encouraging households to buy comprehensive policies and further boost revenue. Yet, high housing costs will constrain homeownership rates, limiting the pool of potential customers insurers have access to. Increased government intervention will keep insurers afloat, boosting their profit and reducing barriers to entry. Overall, revenue for homeowners’ insurers is forecast to expand at a CAGR of 3.1% over the next five years, reaching $203.7 billion in 2030.

Using Insurify's proprietary quote data, this table shows USAA, State Farm, and Farmers's average monthly home insurance costs nationwide for 200k in dwelling coverage.

Using Insurify's proprietary quote data, this table shows USAA, Farmers, and Travelers's average monthly home insurance costs nationwide for 300k in dwelling coverage.

Home Ownership Rate in the United States increased to 65.70 percent in the fourth quarter of 2025 from 65.30 percent in the third quarter of 2025. This dataset provides the latest reported value for - United States Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Using Insurify's proprietary quote data, this table shows USAA, Nationwide, and Travelers's average monthly home insurance costs nationwide for 400k in dwelling coverage.

Using Insurify's proprietary quote data, this table shows Allstate, USAA, and Travelers's average monthly home insurance costs nationwide for 750k in dwelling coverage.

Graph and download economic data for Homeownership Rate for the United States (USHOWN) from 1984 to 2025 about homeownership, housing, rate, and USA.

Using Insurify's proprietary quote data, this table shows USAA, Travelers, and State Farm's average monthly home insurance costs nationwide for 500k in dwelling coverage.

snapshot-tab-pane Homeowners Insurance Market Size 2024-2028The 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? Request Free SampleThe 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 theftHouse damageFloods and earthquakeOthersSource CaptiveIndependent agentDirect responseGeography North America USEurope GermanyUKAPAC ChinaJapanSouth America Middle East and Africa By Type InsightsThe 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 SampleThe fire and theft segment was valued at USD 80.90 billion in 2018 and showed a gradual increase during the forecast period.Regional AnalysisNorth 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.For more insights on the market share of various regions,Request Free SampleThe 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, and incidents.Market D

In the presented European countries, the homeownership rate extended from 42.6 percent in Switzerland to as much as 95.9 percent in Albania. Countries with more mature rental markets, such as France, Germany, the UK, and Switzerland, tended to have a lower homeownership rate compared to the frontier countries, such as Lithuania or Slovakia. The share of house owners among the population of all 20 euro area countries stood at 64.5 percent in 2024. Average cost of housing Countries with lower homeownership rates tend to have higher house prices. In 2024, the average transaction price for a house was notably higher in Western and Northern Europe than in Eastern and Southern Europe. In Austria, one of the most expensive European countries to buy a new dwelling in, the average price was three times higher than in Greece. Looking at house price growth, however, the most expensive markets recorded slower house price growth compared to the mid-priced markets. Housing supply With population numbers rising across Europe, the need for affordable housing continues. In 2024, European countries completed between one and six housing units per 1,000 citizens, with Ireland, Poland, and Denmark responsible for heading the ranking. One of the major challenges for supplying the market with more affordable homes is the rising construction costs. In 2021 and 2022, housing construction costs escalated dramatically due to soaring inflation, which has had a significant effect on new supply.

Home Ownership Rate in Japan decreased to 61.20 percent in 2018 from 61.70 percent in 2013. This dataset provides the latest reported value for - Japan Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

About 36 percent of homeowners in England were aged 65 and above, which contrasts sharply with younger age groups, particularly those under 35. Young adults between 25 and 35, made up 15 percent of homeowners and had a dramatically lower homeownership rate. The disparity highlights the growing challenges faced by younger generations in entering the property market, a trend that has significant implications for wealth distribution and social mobility. Barriers to homeownership for young adults The path to homeownership has become increasingly difficult for young adults in the UK. A 2025 survey revealed that raising a deposit was the greatest obstacle to property purchase. This represents a 25 percent increase from 2021, reflecting the impact of rising house prices and reduced savings capacity. Despite these challenges, one in three young adults still aspire to get on the property ladder as soon as possible, though many have put their plans on hold. The need for additional financial support from family, friends, and lenders has become more prevalent, with one in five young adults acknowledging this necessity. Regional disparities and housing supply The housing market in England faces regional challenges, with South West and South East England experiencing the largest mismatch between housing supply and demand in 2024. This imbalance is evident in the discrepancy between new homes added to the housing stock and the number of new households formed. The construction of new homes has been volatile, with a significant drop in 2020, a rebound in 2021 and a gradual decline until 2025.

Homeowners insurance premiums, loss ratios, claims, and nonrenewal rates for ZIP code 60046 (Lake Villa, IL).

View quarterly updates and historical trends for US Home Ownership Rate. from United States. Source: Census Bureau. Track economic data with YCharts analy…

Home Ownership Rate in Germany remained unchanged at 47.20 percent in 2025 from 47.20 percent in 2024. This dataset provides the latest reported value for - Germany Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Homeownership Rate for Florida (FLHOWN) from 1984 to 2025 about homeownership, FL, housing, rate, and USA.