Examining Homeowner Property Insurance Market Dynamics
An Assessment of Countryside State-Level Data From 2018-2024
New research based on seven years of state-collected Market Conduct Annual Statement (MCAS) data provides the first comprehensive, state-level look at the U.S. homeowners insurance market in years.
The report finds that the market remains operationally strong overall, even as insurers pull back in specific places and consumers in those areas feel real cost and availability pressure. This report offers a look at how homeowner market data including premiums and non-renewal rates vary from region to region, providing insight that national averages don’t account for.
Key Findings
The Market is Operationally Strong
Consumer Concerns Reflect Real Market Pressure
Signs of Stress Are Emerging
Insurance Markets Are Local
A New Data-Driven Baseline
Data-Driven Insights
Explore state, regional, and ZIP Code-level insights into premiums, claims, nonrenewals, insurer participation, and other key homeowners insurance market trends.
Frequently Asked Questions
This report looks at homeowners insurance trends from 2018 to 2024 at the state level, including premiums, claims, policy availability, cancellations, and nonrenewals.
The market remains operationally strong overall, but it is under pressure from inflation, increased costs of construction, increasing natural catastrophes, and other market forces. In general, insurers continue to offer coverage, while costs and market challenges have increased in many areas.
The market remains operationally strong overall, but it is under pressure from inflation, increased costs of construction, increasing natural catastrophes, and other market forces. In general, insurers continue to offer coverage, while costs and market challenges have increased in many areas.
Yes. Average homeowners insurance premiums increased across the country between 2018 and 2024, with some areas seeing larger increases than others.
In some areas, yes. The report found increases in insurer nonrenewals and policy cancellations, which can make coverage harder to purchase and or keep.
Insurance markets are local. Weather risks, rebuilding costs, claims, and other factors can affect prices and coverage differently from one community to another.
The data helps regulators, policymakers, and consumers better understand market conditions at the state level and identify areas where affordability, availability, or consumer protections may need attention.
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