Insurance Premiums Now Eat 9% of Housing Payments at Record High
Min 1 Homeowners insurance premiums jumped over 24% nationally between 2021 and 2024, with states like Illinois seeing increases exceeding 50%, and Cotality Chief Data and Analytics Officer John Rogers projects another 8% increase in 2026 followed by 8% in 2027. Insurance now accounts for 9% of the typical U.