A recent study from Realtor.com reveals a striking concern: 75% of homeowners believe that someday their home insurance will become unaffordable. Even more telling, 88% expect their insurance premiums to increase in the near future.
This anxiety isn’t just theoretical — many are already feeling the pressure. About 40% of the survey participants say they’ve seen their own home insurance payments rise.
What’s Fueling These Worries?
Climate risk & extreme weather: As storms, flooding, wildfires, hurricanes, etc., become more frequent or intense, insurers are rethinking risk and costs.
Rising reinsurance premiums: Insurers themselves must carry backup insurance (“reinsurance”), which has become more expensive — costs that often get passed down to homeowners.
Regulatory and market changes: Some states are seeing tighter regulation, rate reviews, or insurer withdrawals, which limits competition.
Changing homebuyer behavior: Younger buyers, especially Gen Z, are reportedly more willing to shift their location preferences or home choices based on insurance availability or costs.
Why It Matters — Beyond Premiums
Impact on home affordability: A rising insurance bill is an additional cost burden on top of mortgage, utilities, taxes, etc.
Barriers to homeownership: Some potential buyers may delay or abandon plans if projected insurance costs make a property unviable.
Regional disparities: In areas prone to environmental risks (coastal zones, flood plains, wildfire belts), insurance cost spikes are likely more acute.
Strain on real estate market dynamics: The worry over insurance is already influencing how people shop for homes, where they shop, and what features (e.g., flood resilience) they prioritize.
Adding Value: Tips & Strategies
Here are a few proactive ideas for homeowners and buyers to manage or mitigate the rising insurance burden:
Shop around regularly
Don’t stick with one insurer indefinitely. Markets shift. Every few years, compare multiple carriers to see if better coverage or pricing is available.Increase your deductible (if reasonable)
A higher deductible can lower your premium — but only choose this if you’re confident you can pay the deductible in case of claim.Strengthen your home’s resiliency
Invest in upgrades that reduce risk (storm-resistant windows, reinforced roofs, better drainage, etc.). Sometimes insurers offer discounts for these measures.Bundle coverage
Combine home, auto, liability, and other policies with one insurer to get discounts or bundled pricing.Stay informed on local regulation and incentives
Some local governments or utility companies offer subsidies or rebates for resilient upgrades (e.g. storm shutters, flood-resistant landscaping).Understand the fine print
Exclusions (flood, wind, hurricane, mold, etc.) vary widely. Make sure you know what a policy doesn’t cover.
Top 5 Home Insurance Carriers to Consider
(Note: availability and pricing depend heavily on your location. Always confirm that a carrier serves your area.)
Here are five well-known national or large regional carriers that many homeowners use and trust:
| Carrier | Strengths / Notes |
|---|---|
| State Farm | Strong national presence, good customer service and many local agents |
| Allstate | Broad coverage options, bundling opportunities, various discounts |
| USAA | Excellent reputation (for military and veterans), strong service and rates |
| Liberty Mutual | Customizable policies, add-ons for specific risks |
| Travelers | Solid reputation, broad underwriting capabilities |
Again, whether these are viable in your area depends on state regulations, risk zones, and the insurer’s footprint.
How Abdul Rehman (Business Development Manager, Acrisure) Can Help You
If you’re feeling overwhelmed by insurance options, here’s how Abdul can guide you:
Local connection & access: Abdul can link you to the right underwriters or agents in your specific region (who work with those big carriers or strong regional ones).
Tailored quotes: Rather than giving generic rate estimates, he can help get precise, competitive quotes that match your home’s attributes and risk profile.
Translation of jargon: Insurance documents are full of technical language — Abdul can help you understand coverage, exclusions, and tradeoffs.
Comparative analysis: He can present a side-by-side of multiple policies so you see which combination of coverage, deductible, and premium fits you best.
Guiding upgrades & discounts: He can advise what improvements (e.g. resilience retrofits) are most likely to earn you premium reductions.
To connect with Abdul and start that process, just send an email to hello@abdulconnects.com. He’ll help steer you toward the right person who can provide quotes in your specific area and situation.