US Property Insurance Costs Hit New High as Disasters Worsen

The cost of property insurance in the US rose to an all time-high in the first half of the year, as homeowners faced sharp price increases in states recently affected by climate-related disasters, such as California.

The average insurance payment for a mortgaged single-family home in the US rose 4.9% in the first half of 2025 — resulting in an average annual payment of almost $2,370, according to Intercontinental Exchange Inc.’s Mortgage Monitor report released Monday.

North Carolina and South Carolina — which were hit by flooding last year from Hurricane Helene — both experienced sharp increases, as ...