Iowa, Hawaii, and Minnesota, meanwhile, will see rises of 15% or more.
Florida, meanwhile, remains the most expensive state to insure a home. The survey projects the annual cost there will rise to $15,460 by the end of the year. Colorado, meanwhile, will become one of the four most expensive states by the end of 2025, due to increased hail damage.
Nine states will see average rates surpassing $5,000 per year.
The projected national average for 2025 is over $1,000 more than homeowners paid as recently as 2021.
This surge in insurance pricing also comes as home repairs are expected to be considerably higher when tariffs on steel, aluminum, lumber and other materials used by homebuilders go into effect.
“The cost to rebuild or repair a home is a primary consideration in calculating insurance rates,” said Daniel Lucas, carrier relations manager at Insurify. “If the cost of construction materials rises, those costs would be factored into policyholder premiums.”
