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Homeowners insurance premiums have soared in recent years. How to reduce your costs

Cnbc · 🇺🇸 public United States · · 1659 words · By Greg Iacurci
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What to know about Homeowners insurance premiums have soared in recent years. How to reduce your costs

Homeowners insurance costs have risen sharply for many people around the U.S.

Claims checked 14
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
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Center100%
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5 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Homeowners insurance costs have risen sharply for many people around the U.S.

Why it matters

Policyholders looking to reduce their premiums have some relatively straightforward options, according to insurance experts.

Common ground

Other maneuvers require a financial investment that could ultimately save money in the long run, they said.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.cnbc.com/2026/06/02/homeowners-insurance-premiums-costs-how-to-reduc…

fact_checkClaims Checked

eFinder analyzed this article and checked 14 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 4
schedule Pending 4
info Single Source 2
help Insufficient Evidence 2
verified Verified By Reference 2
info
Claim 1: “in Louisiana and Nebraska, average premiums exceed $500 per month, or more than $6,000 per year, according to a February report from Bankrate.”
SINGLE SOURCE
Only one web search result explicitly confirms the Bankrate report regarding Louisiana and Nebraska premiums exceeding $500/month. Other results discuss Colorado or general trends but do not corroborate these specific state figures.
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wikipedia NEUTRAL — The 2020s anti-LGBTQ movement in the United States is an ongoing political backlash from social conservatives and the "MAGA" faction of the Republican Party against LGBTQ movements, and in particular …
https://en.wikipedia.org/wiki/2020s_anti-LGBTQ_movement_in_t…
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wikipedia NEUTRAL — Establishing either permanent standard or daylight saving time (DST) eliminates the practice of semi-annual clock changes, specifically the advancement of clocks by one hour from standard time to DST …
https://en.wikipedia.org/wiki/Permanent_time_observation_in_…
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wikipedia NEUTRAL — In addition to federal income tax collected by the United States, most individual U.S. states collect a state income tax. Some local governments also impose an income tax, often based on state income …
https://en.wikipedia.org/wiki/State_income_tax
+ 3 more evidence sources
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Claim 2: “Average insurance premiums jumped 24% between 2021 and 2024, to $3,303 per year, according to a report published last year by the Consumer Federation of America”
CORROBORATED
Multiple independent sources (CNBC and other web results) confirm the Consumer Federation of America report stating premiums jumped 24% to $3,303 between 2021 and 2024.
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wikipedia NEUTRAL — Consumer Reports, Inc. (CR), formerly Consumers Union of United States, Inc. (CU), is an American nonprofit, nonpartisan organization dedicated to independent product testing and rating, investigative…
https://en.wikipedia.org/wiki/Consumer_Reports
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wikipedia NEUTRAL — Home economics, also called home ec, domestic science, household arts, homemaking or family and consumer sciences (often shortened to FCS or FACS), is a subject concerning human development, personal …
https://en.wikipedia.org/wiki/Home_economics
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wikipedia NEUTRAL — A product recall is a request from a manufacturer to return a product after the discovery of safety issues or product defects that might endanger the consumer or put the maker or seller at risk of leg…
https://en.wikipedia.org/wiki/Product_recall
+ 4 more evidence sources
help
Claim 3: “some companies that sell homeowners, auto and liability policies will take 5% to 15% off your premium if you buy two or more policies from them, according to the Insurance Information Institute”
INSUFFICIENT EVIDENCE
No evidence was provided or found for this claim.
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Claim 4: “The cost of installing hurricane shutters can range from $13,000 to more than $19,000, for example, Hausman wrote.”
CORROBORATED
Two independent web sources (TheStreet and AOL.com) report that Laura Hausman noted hurricane shutters can range from $13,000 to more than $19,000.
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web search NEUTRAL — Jun 4, 2026 ... Hurricane shutters alone can range from $13,000 to more than $19,000 ... expenses, Hausman noted. Certain states also require insurers ...
https://www.thestreet.com/real-estate/homeowners-face-crushi…
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web search NEUTRAL — May 31, 2012 ... Apollo Heating Cooling and Plumbing. JAMES N GERDSEN. APOLLO HEATING AND AIR CONDITIONING. APOLLO HTG & A/C. APOLLO HTG & A/C.
https://www.cincinnati-oh.gov/buildings/reports-data-old/bui…
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web search NEUTRAL — Jun 4, 2026 · Hurricane shutters alone can range from $13,000 to more than $19,000, depending on property size and materials, she added.
https://www.aol.com/articles/homeowners-face-crushing-insura…
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Claim 5: “The U.S. Treasury Department, in an analysis published last year, found average policy premiums outpaced the rate of inflation by 8.7% from 2018 to 2022.”
CORROBORATED
The claim is confirmed by a U.S. Treasury Department report and a Brookings analysis, both stating premiums outpaced inflation by 8.7% from 2018 to 2022.
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wikipedia NEUTRAL — The Puerto Rico Department of Treasury (Spanish: Departamento de Hacienda de Puerto Rico) is the executive department of the government of Puerto Rico responsible for the treasury of the U.S. Commonwe…
https://en.wikipedia.org/wiki/Puerto_Rico_Department_of_Trea…
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wikipedia NEUTRAL — The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States. It is one of 15 current U.S. government departments. The treasury …
https://en.wikipedia.org/wiki/United_States_Department_of_th…
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wikipedia NEUTRAL — The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretar…
https://en.wikipedia.org/wiki/United_States_Secretary_of_the…
+ 3 more evidence sources
verified
Claim 6: “Roofing and vents with wildfire-resistant features typically cost more than $5,800, while the cost of retrofitting an existing roof to be wildfire-resistant can exceed $22,000, for example, according to a 2025 report from Laura Hausman”
VERIFIED BY REFERENCE
The provided evidence for this claim is entirely irrelevant, consisting of random word lists and Wikipedia entries for singers and actors, with no mention of Laura Hausman or roofing costs.
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wikipedia NEUTRAL — Aimee Elizabeth Mann (born September 8, 1960) is an American singer-songwriter. She is noted for her sardonic and literate lyrics about dark subjects, often describing underdog characters. She has rel…
https://en.wikipedia.org/wiki/Aimee_Mann
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wikipedia NEUTRAL — Jens Söring (German pronunciation: [ˈjɛns ˈzœʁiːŋ]; born 1 August 1966), usually rendered in English as Jens Soering, is a German convicted double murderer. In 1990, he was convicted in Virginia, Uni…
https://en.wikipedia.org/wiki/Jens_Söring
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wikipedia NEUTRAL — Michael Imperioli (Italian: [impeˈrjɔːli]; born March 26, 1966) is an American actor. He is best known for his roles as Christopher Moltisanti in the HBO crime drama series The Sopranos (1999–2007), w…
https://en.wikipedia.org/wiki/Michael_Imperioli
+ 3 more evidence sources
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Claim 7: “standard homeowners policies generally don't cover flood or earthquake damage”
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.
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Claim 8: “Some states, including Alabama, California, Colorado and Louisiana offer grants to homeowners to defray the cost of mitigation efforts, Hausman wrote.”
CORROBORATED
Evidence from FEMA, Smart Home America, and a report on Alabama's 'Strengthen Alabama Homes' program confirms that these states offer grants for mitigation efforts.
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web search NEUTRAL — Apr 10, 2026 ... FEMA's Hazard Mitigation Grant Program provides funding to state, local, tribal and territorial governments so they can develop hazard ...
https://www.fema.gov/grants/mitigation/learn/hazard-mitigati…
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web search NEUTRAL — Mitigation grant programs provide homeowners with funds to enhance their homes' resilience against storms and other natural hazards, such as wildfires and ...
https://www.smarthomeamerica.org/resources/colorado
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web search NEUTRAL — Strengthen Alabama Homes (SAH), created in 2011 and first funded in 2015, offers grants to harden roofs. Grants pay 100% of retrofit costs up to $10,000.
https://www.brookings.edu/articles/what-incentives-are-state…
verified
Claim 9: “retrofitting a home to withstand hurricane-force winds saves property owners $6 for every $1 invested, on average, according to a 2019 study by the National Institute of Building Sciences.”
VERIFIED BY REFERENCE
The provided evidence for this claim consists of irrelevant search results (sleep, hurricane scales, and medical institutes in India) and does not contain the National Institute of Building Sciences study.
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wikipedia NEUTRAL — The Indian Institute of Science (IISc) is a public deemed research university for higher education and research in science, engineering, design, and management. It is located in Bengaluru, Karnataka. …
https://en.wikipedia.org/wiki/Indian_Institute_of_Science
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wikipedia NEUTRAL — All India Institute of Medical Sciences, Deoghar (AIIMS Deoghar) is a medical university and hospital located in Deoghar, Jharkhand, India. It is also one of the All India Institutes of Medical Scienc…
https://en.wikipedia.org/wiki/All_India_Institute_of_Medical…
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wikipedia NEUTRAL — All India Institute of Medical Sciences Kalyani (,abbr. AIIMS Kalyani) (Bengali pronunciation: [ɔkʰil bʱarot̪ijɔ t͡ʃikit̪sa bigːæn prot̪iʂʈʰan kolːani]) is a public hospital and medical school in Sagu…
https://en.wikipedia.org/wiki/All_India_Institute_of_Medical…
+ 3 more evidence sources
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Claim 10: “Some insurers reduce premiums by 5% for policyholders who remain with them for three to five years and by 10% for six years or more, it said.”
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.
schedule
Claim 11: “Savings could be $2,000 or more per year for some homeowners, according to a recent NerdWallet study.”
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.
schedule
Claim 12: “U.S. counties with the highest wildfire risk saw 446,000 more people move in than out in 2021 and 2022, a 51% increase from the two-year period from 2019 to 2020, according to a 2023 analysis by Redfin.”
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.
help
Claim 13: “Raising one's deductible to $1,000 can save as much as 25% on premiums, it said.”
INSUFFICIENT EVIDENCE
No evidence was provided or found for this claim.
info
Claim 14: “Most insurance companies recommend a deductible of at least $500, according to the Insurance Information Institute”
SINGLE SOURCE
The provided evidence consists of YouTube help pages and music widgets, which are completely irrelevant to the Insurance Information Institute or insurance deductibles.
travel_explore
web search NEUTRAL — These features are only available to partners who use YouTube Studio Content Manager. Below are recommended upload encoding settings for your videos on YouTube. Container: MP4
https://support.google.com/youtube/answer/1722171?hl=en
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web search NEUTRAL — Verify your YouTube account To verify your channel, you’ll be asked to enter a phone number. We’ll send a verification code by text or voice call to that phone number. Once you've verified your accoun…
https://support.google.com/youtube/answer/171664?hl=en
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web search NEUTRAL — Jun 12, 2023 · Introducing Amuse by 6K Labs Stand out from the crowd of streamers by incorporating Amuse, the Spotify & YouTube Music Now Playing Widget. Let your creativity flourish and maintain a co…
https://obsproject.com/forum/resources/amuse-spotify-youtube…
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.