Map Shows Rising Home Insurance Costs by State as Climate Risks Reshape the Market

Extreme weather events, including California's wildfires and a rare snowstorm in the South, are significantly impacting U.S. insurance and real estate markets, leading to increased costs for homeowners. The Gulf Coast snowstorm could result in $15 billion to $17 billion in losses, while California's wildfires have caused insured losses of $45 billion. Home insurance premiums have risen by 33% from 2020 to 2023, with high-risk areas facing even steeper increases. Insurers are withdrawing from high-risk regions, forcing homeowners to rely on costly public plans.