U.S. homeowners insurance rates rose 40.4% over the past six years, with the biggest increases hitting in the last two years, a new report shows.

LendingTree’s 2025 State of Home Insurance Report shows rates from 2019 through 2021 remained stable, with increases of 2% in 2019, 2.1% in 2020, and 3% in 2021. Then rates started rising in 2022 with increases of 5.4%, 11% in 2023, and 11.4% in 2024.

The average annual cost of home insurance across the U.S. is now $2,801. The most expensive states for homeowners insurance are Oklahoma ($6,133), Nebraska ($5,912), and Kansas ($5,412), according to the report.

Hawaii has the lowest average rate at $632, followed by California ($1,260) and Vermont ($1,339), the report shows.

The states with the largest rate increases between 2019 and 2024 were: Colorado (76.6%), Nebraska (72.3%), and Utah (70.6%).

Colorado’s increase was partly due to an uptick in billion-dollar natural disaster events. There were 24 between 2019 and 2024. Nebraska experienced 25 natural catastrophes, and Utah has seen growing losses from disasters in wildfire-prone areas, the report shows.

Other key findings in the report:

• Montana and Nebraska saw the largest jumps in home insurance rates in 2024, both at 22.1%. Minnesota and Washington each saw an increase of 19.5%.

• The smallest rate increases in 2024 included Florida (1.7%), Texas (3.4%), and New York (3.8%).

• States with the smallest cumulative increases from 2019 to 2024 were Vermont (12.2%), Alaska (12.9%), and Maine (17.9%).

LendingTree’s analysis is based on home insurance data from Quadrant Information Services, sourced from insurer filings, and RateWatch from S&P Global. The analysis used standard coverage amounts and deductibles unless otherwise noted.

The following coverages and deductibles were used:

• $400,000 dwelling coverage

• $40,000 other structures

• $200,000 personal property

• $80,000 loss of use coverage

• $100,000 liability

• $5,000 medical payments

• $1,000 deductible

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