U.S. Homeowners Insurance Premiums Rise 8.7% Above Inflation (2018-2022)
Homeowners insurance premiums in the U.S. have been increasing at a rate significantly above inflation, with an average rise of 8.7% more than inflation between 2018 and 2022, according to a U.S. Department of Treasury report. The report also highlighted that some policyholders have experienced premium increases substantially higher than the national average. This trend indicates a tightening insurance market and growing affordability concerns for homeowners nationwide.