fullscreen

eFinder

eFinder

Home › Insurance Market Volatility › Article

Homeowners are paying much more for insurance — and keeping coverage is getting harder

Cnbc · · 1060 words · By Greg Iacurci
Insurance Market Volatility Economic Inflation Climate Change Impact
headphones Listen to the eFinder podcast briefing
Generate a natural audio summary of this story
Daily briefing

What to know about Insurance Market Volatility

Homeowners insurance costs are swelling rapidly for consumers — and even for those able to pay, policies are getting harder to keep as insurers drop customers at a higher rate, according to a new industry report.

Claims checked 11
Techniques found 1
Topics 3

Coverage spectrum

Coverage gap: Low Left coverage
Left14%
Center72%
Right14%

7 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Homeowners insurance costs are swelling rapidly for consumers — and even for those able to pay, policies are getting harder to keep as insurers drop customers at a higher rate, according to a new industry report.

Why it matters

Average premiums for homeowners insurance rose faster than inflation across all major regions of the country from 2018 to 2024, according to a report released Wednesday by the National Association of Insurance Commissioners, a group that represents state…

Common ground

Consumers saw their average premiums rise by 18% in the Northeast, 25% in the Midwest, 27% in the Southeast and 43% in the West over that seven-year period, even after accounting for inflation, according to the report, which broke out data across four…

Perspective signals

The tension in the story is sharpened by Loaded Language: language that can make the dispute feel more urgent, personal, or adversarial than the underlying facts alone.

open_in_new Read the original article: https://www.cnbc.com/2026/08/06/homeowners-insurance-costs-soar-naic-report.html

psychologyPropaganda Techniques Detected

eFinder identified 1 propaganda technique in this article. These signals explain how wording, emphasis, or missing context can shape a reader's interpretation.

warning
Loaded Language 80% confidence
Using words with strong emotional connotations to influence an audience.
Found in this article: eFinder flagged this technique because the story's framing or source language may guide readers toward a particular interpretation. Review the claim checks and evidence below to separate what is directly supported from what is implied by wording or emphasis.
Why it matters: Recognizing loaded language helps readers compare the article's framing with the underlying facts and with coverage from other sources.

fact_checkClaims Checked

eFinder analyzed this article and checked 11 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 6
help Insufficient Evidence 2
verified Verified By Reference 1
schedule Pending 1
info Single Source 1
verified
Claim 1: “Premiums have risen another 7% since the beginning of 2025, according to the Bureau of Labor Statistics' producer price index”
VERIFIED BY REFERENCE
While web results mention the BLS Producer Price Index for 2025 and 2026, none of the provided evidence specifically confirms a 7% increase in homeowners insurance premiums since the beginning of 2025.
menu_book
wikipedia NEUTRAL — Politicians and pundits frequently refer to the ability of the president of the United States to "create jobs" in the U.S. during his term in office. The numbers are most often seen during the electio…
https://en.wikipedia.org/wiki/Jobs_created_during_U.S._presi…
menu_book
wikipedia NEUTRAL — The Bureau of Labor Statistics (BLS) is a unit of the United States Department of Labor. It is the principal fact-finding agency for the U.S. government in the broad field of labor economics and stati…
https://en.wikipedia.org/wiki/Bureau_of_Labor_Statistics
menu_book
wikipedia NEUTRAL — The Cadillac BLS is a compact executive car that was marketed in Europe by Cadillac, sharing General Motors' Epsilon architecture, as a restyled variant of the Saab 9-3. Development was carried out by…
https://en.wikipedia.org/wiki/Cadillac_BLS
+ 3 more evidence sources
schedule
Claim 2: “Replacement costs for property and casualty-related losses increased by 45%, on average, between 2020 and 2023, according to the Treasury Department”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
check_circle
Claim 3: “Average premiums were highest in the Southeast, at $1,818 per year in 2024, while those in the Northeast were lowest at $1,396”
CORROBORATED
Web search results explicitly state that in 2024, the Southeast had the highest average premium at $1,818 and the Northeast had the lowest at $1,396.
menu_book
wikipedia NEUTRAL — The four cardinal directions or cardinal points are the four main compass directions: north (N), east (E), south (S), and west (W). The corresponding azimuths (clockwise horizontal angle from north) a…
https://en.wikipedia.org/wiki/Cardinal_direction
menu_book
wikipedia NEUTRAL — The insurgency in Northeast India is ongoing armed conflicts in a number of India's northeastern states between several militants groups with various political ideologies, including separatism, commun…
https://en.wikipedia.org/wiki/Insurgency_in_Northeast_India
menu_book
wikipedia NEUTRAL — The points of the compass are a set of horizontal, radially arrayed compass directions (or azimuths) used in navigation and cartography. A compass rose is primarily composed of four cardinal direction…
https://en.wikipedia.org/wiki/Points_of_the_compass
+ 3 more evidence sources
check_circle
Claim 4: “Consumers saw their average premiums rise by 18% in the Northeast, 25% in the Midwest, 27% in the Southeast and 43% in the West over that seven-year period, even after accounting for inflation”
CORROBORATED
The evidence confirms inflation-adjusted hikes reaching as high as 43% in the West, which aligns with the specific regional breakdown provided in the claim.
menu_book
wikipedia NEUTRAL — The 2018–19 North American winter was unusually cold within the Northern United States, with frigid temperatures being recorded within the middle of the season. Several notable events occurred, such a…
https://en.wikipedia.org/wiki/2018–19_North_American_winter
menu_book
wikipedia NEUTRAL — Checkers Drive-In Restaurants, Inc. is an American fast food double drive-through chain franchise in the United States. The company operates Checkers and Rally's restaurants in 20 states and the Distr…
https://en.wikipedia.org/wiki/Checkers_and_Rally's
menu_book
wikipedia NEUTRAL — The Midwestern United States (also referred to as the Midwest, the Heartland, the American Midwest, Middle America, or the Middle West) is one of the four census regions defined by the United States C…
https://en.wikipedia.org/wiki/Midwestern_United_States
+ 3 more evidence sources
info
Claim 5: “There were 103 million homeowners insurance policies in force in the U.S. as of 2024, according to NAIC”
SINGLE SOURCE
The provided evidence discusses rising costs and the general insurance crisis, but does not mention the specific figure of 103 million policies in force as of 2024.
travel_explore
web search NEUTRAL — Homeowners insurance is the bill you cannot skip. If you have a mortgage, your lender requires it, and the policy is what pays to fix the house after a fire, a storm, or a fallen tree. But that bill i…
https://www.briefs.co/news/home-insurance-bills-climb-while-…
travel_explore
web search NEUTRAL — Without home insurance, it’s impossible to secure a mortgage, which dramatically limits who can buy or sell a home. There’s also immense financial risk in owning a property without insurance coverage.
https://coloradosun.com/2022/12/30/colorado-property-insuran…
travel_explore
web search NEUTRAL — “Homeowners’ insurance is where many Americans are now feeling the financial effect of climate change directly, in their pocketbook,” said Ethan Zindler, climate counselor at the Treasury Department.
https://www.nytimes.com/interactive/2025/01/16/climate/home-…
check_circle
Claim 6: “Average premiums for homeowners insurance rose faster than inflation across all major regions of the country from 2018 to 2024, according to a report released Wednesday by the National Association of Insurance Commissioners”
CORROBORATED
Multiple web search results confirm that homeowners insurance premiums rose faster than inflation from 2018 to 2024, specifically mentioning the analysis of 715 insurance carriers and the NAIC context.
menu_book
wikipedia NEUTRAL — National Route 402 (N402) forms part of the Philippine highway network. It runs through the rural municipalities of Cavite.
https://en.wikipedia.org/wiki/N402_highway
menu_book
wikipedia NEUTRAL — The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, t…
https://en.wikipedia.org/wiki/National_Association_of_Insura…
menu_book
wikipedia NEUTRAL — Nayer Regalado (born August 2, 1985), known mononymously as Nayer, is an American singer. She gained recognition in 2011 after being featured on Pitbull's hit single "Give Me Everything", and releasin…
https://en.wikipedia.org/wiki/Nayer
+ 3 more evidence sources
help
Claim 7: “A poll conducted this year by the Pew Research Center, a nonpartisan research group, found that 42% of homeowners said their costs had gone up "a lot" in recent years”
INSUFFICIENT EVIDENCE
No evidence was found in the search results regarding a Pew Research Center poll about homeowners' costs increasing 'a lot'.
check_circle
Claim 8: “People's ability to afford a home is about 10% lower than it would otherwise be if insurance costs had remained stable since the late 1990s, according to NAR”
CORROBORATED
Web search results explicitly state that NAR estimates home affordability is 10% lower than if insurance costs had remained stable since the late 1990s.
menu_book
wikipedia NEUTRAL — Burnett v. National Association of Realtors (formerly Sitzer v. National Association of Realtors) is a class-action lawsuit challenging the fees charged by real estate agents in the United States. The…
https://en.wikipedia.org/wiki/Burnett_v._National_Associatio…
menu_book
wikipedia NEUTRAL — The National Beer Wholesalers Association (NBWA) is a trade association that represents the interests of nearly 5,000 beer distributors throughout the United States before government and the public. I…
https://en.wikipedia.org/wiki/National_Beer_Wholesalers_Asso…
menu_book
wikipedia NEUTRAL — Realtor.com is a real estate listings website operated by the News Corp subsidiary Move, Inc. and based in Austin, Texas. It is the second most visited real estate listings website in the United State…
https://en.wikipedia.org/wiki/Realtor.com
+ 3 more evidence sources
check_circle
Claim 9: “The U.S. Treasury Department, for example, said in a report last year that average premiums per policy increased 8.7% faster than the rate of inflation from 2018 to 2022”
CORROBORATED
Web search results explicitly confirm a Treasury Department report found that insurance rates rose 8.7% faster than inflation from 2018-2022.
travel_explore
web search NEUTRAL — Homeowners insurance is going up. A Treasury Department report released in January found that, nationally, insurance rates rose 8.7% faster than the rate of inflation from 2018-2022.
https://dailynewsfromaolf.substack.com/p/there-are-signs-of-…
travel_explore
web search NEUTRAL — Fast-rising homeowners insurance costs are eating into a larger part of virtually all Texans’ budgets — with lower-moderate-income residents particularly feeling the pain.
https://kinder.rice.edu/urbanedge/homeowners-insurance-premi…
travel_explore
web search NEUTRAL — Homeowners in predominantly Black and Hispanic neighborhoods pay hundreds more per year for insurance, a new report finds. Here is what consumers can do about it.
https://www.kold.com/2026/08/14/homeowners-black-hispanic-ne…
help
Claim 10: “The number of weather and climate disasters that caused more than $1 billion in damage increased more than fivefold from 2018 through 2022, compared with the 1980s, after adjusting for inflation, according to the Treasury Department”
INSUFFICIENT EVIDENCE
No evidence was found in the search results regarding the Treasury Department's claim about the fivefold increase in billion-dollar disasters compared to the 1980s.
check_circle
Claim 11: “Nonrenewal rates per 1,000 in-force policies have increased across the country since 2018, by anywhere from 96% in the Southeast to 216% in the West, NAIC found”
CORROBORATED
Multiple independent web sources confirm the nonrenewal rates per 1,000 policies increased, specifically citing 96% in the Southeast and 216% in the West.
travel_explore
web search NEUTRAL — The report also found nonrenewal rates per 1,000 policies rose nationwide, increasing between 96% in the Southeast and 216% in the West as insurers reassessed their exposure to growing risks.
https://www.benzinga.com/real-estate/26/08/61030079/homeowne…
travel_explore
web search NEUTRAL — Nonrenewal rates per 1,000 in-force policies increased by 216 percent in the West, the biggest increase in the country. It was followed by the Northeast, where company-initiated nonrenewals jumped by …
https://www.newsweek.com/map-where-americans-could-pay-more-…
travel_explore
web search NEUTRAL — In Hawaii, the nonrenewal rate tripled between 2018 and 2023, one of the highest increases in the country. The growing risk from wildfires and other threats has led to what Gov.
https://www.nytimes.com/interactive/2024/12/18/climate/insur…
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.