Home insurance rates have jumped 45% since 2022
By: Jonathan Delozier | Published: 2025-08-01 20:32:00 | Source: www.housingwire.com
Premium growth slows but outpaces coverage
As of mid-2025, the average annual premium for new home insurance policies stood at $1,966 — a 9.3% increase over the past year.
That’s down from the 18.8% jump seen between 2023 and 2024, suggesting that the pace of increases is moderating. Still, premiums have risen 45% since 2022, while Coverage A, which reflects the insured value of a home, has grown less than 12%.
This gap indicates that homeowners are paying more for relatively less coverage. Matic reports that insurance costs now consume a growing share of monthly mortgage payments.
“In some cases, homeowners are now spending more than half of their monthly mortgage payment on insurance and taxes,” said Ben Madick, CEO and co-founder of Matic. “An increasing…
