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2 clusters · 4 sources · 16 days · First seen · Last updated

Rising US home and auto insurance costs

Overview

Rising insurance premiums for homes and automobiles are creating significant affordability challenges across the United States. In Texas, homeowners insurance costs increased by 79% between 2020 and 2026, with average premiums rising from under $2,000 to over $3,500. This surge is linked to rising home values and severe weather, such as wind and hail damage, which caused $5.8 billion in losses in Texas in 2025.

On a broader national scale, rising insurance costs have surpassed average property tax bills in two-thirds of US counties. When combining home and auto insurance, the total cost exceeds property taxes in 75% of counties. Drivers of these increases include extreme weather linked to climate change, particularly in the Great Plains, Upper Midwest, and Mountain West regions. In the Southeast, insurance premiums can reach 2.5 to 4 times the amount of the property tax levy.

Entities

Colorado · Texas Legislature · Greg Abbott · US Census · Nebraska

Timeline

  1. [BUSINESS] 2 sources
    US home and auto insurance costs surpass property taxes

    Rising home and auto insurance premiums now exceed property tax costs in most US counties, driven by extreme weather and inflation-adjusted increases of 45% over the last decade.

  2. [BUSINESS] 2 sources
    Texas homeowners insurance costs rise 79% since 2020

    Texas homeowners insurance premiums have risen 79% since 2020, driven by rising home values and $5.8 billion in wind and hail losses in 2025. Lawmakers are preparing to address the costs in January.

Sources

claimsjournal.com · fox4news.com · hettlerinsurance.com · insurancejournal.com