In recent years, as the United States has suffered a series of damaging climate disasters, experts have warned that the nation is headed toward a homeowner’s insurance crisis. Rates in Georgia have steadily climbed after a string of natural disasters in the last decade, increasing 24% from 2023-2025. They’re expected to rise another 10% in 2026 according to a new report from the price comparison firm Insurify — one of the largest projected spikes in the country this year.
Across the US, insurance companies have dropped hundreds of thousands of customers who live in areas vulnerable to hurricanes and wildfires, and numerous small insurers have gone belly-up after big disasters. This has led some to forecast that a broader market failure in disaster-prone states is looming, or even a housing market collapse.
That has not happened yet. But in the meantime, insurance has gotten a lot more expensive — and the price hikes are not going anywhere. The Insurify report found that the average American homeowner’s insurance bill rose 12 percent last year, reaching $2,948 per year, and will rise another 4 percent this year. This is much faster than overall inflation for the same period. (These numbers don’t include flood insurance, which instead most often requires a separate plan, backed by the federal government.)
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