Forty-three and three-tenths percent is the steepest inflation-adjusted rise in the average homeowners insurance premium recorded in any of the four regions the National Association of Insurance Commissioners tracks, measured across 2018 through 2024. The gentlest regional increase over those same seven years was 18.3 percent, also after inflation is stripped out. Both figures come from a national analysis the association released on August 5, and the data behind them stops at the end of 2024.
Seven years of filings from state insurance departments
The analysis rests on Market Conduct Annual Statement filings, the reports insurers hand to state regulators each year describing how they actually treated policyholders. Published under the title Examining Homeowner Property Insurance Market Dynamics: An Assessment of Countrywide State-Level Data From 2018 to 2024, it is described as the first study of its kind at national scale, covering seven years and grouping the country into four regions rather than fifty separate state stories. Average premium per policy increased in every one of those regions. Not one held flat.
Restated as an annual pace, the real increases ran between 2.4 percent and 5.3 percent a year, according to the association’s release on the report. Two points about that framing matter for anyone reading the numbers against a renewal notice. The percentages are inflation-adjusted, so the dollar figures actually printed on those notices climbed by more than 18.3 to 43.3 percent over the period. And the window closes in 2024, which makes this a measurement of what already happened rather than a report on what premiums did this summer.
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The non-renewal range the report does not assign to a region
Premiums are only half of what the filings captured. Insurers also report how often they decline to renew a policy at the end of its term, an action the industry calls a company-initiated non-renewal and one that leaves a household shopping for coverage on a deadline it did not choose. Those rates rose between 96 percent and 216 percent depending on the region, over the same 2018 to 2024 stretch, in the data insurers file through the Market Conduct Annual Statement process.
One detail deserves care, because secondary write-ups have not been consistent about it. The association’s own text publishes the 96-to-216 percent spread without naming which region sits at either end. Readers who have seen a specific region attached to the 216 percent figure are seeing an inference, not a line from the published report. The same filings show claim frequency and claim severity generally rising as well, concentrated in the 2021 through 2024 stretch, which is the cost pressure sitting underneath both the premium increases and the withdrawal decisions.
715 companies, and underwriting results that improved
The report is not a collapse narrative, and treating it as one misstates what state regulators actually published. Its framing is that the homeowners market remains operationally strong, with broad insurer participation and underwriting results improving across all four regions. The count behind that claim is specific: 715 companies were writing homeowners coverage in 2024.
For a household, that combination is the useful part. The rise in non-renewal rates is real, and so is the finding that hundreds of carriers are still competing for the business. The report also insists on the local character of the market, describing conditions as shaped by weather risk, rebuilding costs, claims patterns, and how many insurers choose to participate in a given area. A regional average conceals wide variation inside it.
Scott White, Virginia’s insurance commissioner and the association’s president, framed the publication as an attempt to give regulators and policymakers authoritative data on market conditions across the country, rather than as a warning. That framing is consistent with what the document does. It reports improving underwriting results and broad participation alongside seven years of premium increases and rising withdrawal at renewal, and it does not attempt to reconcile the two into a single verdict.
A regional average is not a household’s premium
What the filings produce are regional averages and percentage changes over time. They do not produce a national average dollar premium, and they do not produce a figure for what a specific homeowner pays or should expect to pay. Any single dollar amount presented as the typical American home insurance bill did not come from this report.
The practical read is directional. Real premium growth outpaced general inflation in every region for seven straight years, and the odds of an insurer walking away at renewal rose substantially over that same period. A homeowner who receives a non-renewal notice is governed by state law on notice periods and appeal rights, which vary by jurisdiction, and the office that administers those rules is the state insurance department where the property sits.
The data call regulators are running next
The association describes this report as a baseline rather than a conclusion. A separate and more granular effort, the Homeowners Market Data Call, is collecting information on coverage availability, costs, claims experience, mitigation efforts, and the options left to consumers, and regulators say they will be analyzing that material in the months ahead.
Until that analysis is published, the two ranges above are the most complete national figures state insurance regulators have put on the record: inflation-adjusted premium increases of 18.3 to 43.3 percent by region, and company-initiated non-renewal rates up 96 to 216 percent. Both were measured from insurer filings covering 2018 through 2024, and neither speaks to what has happened since.
This article was produced with AI assistance and reviewed by a human editor. Figures are linked to their primary sources; where a claim could not be verified from the public record, we say so.
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