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CBS News

Climate change is making home insurance costs more expensive. These maps show prices and weather risks in your state.

CBS News
Summary
Nutrition label

85% Informative

The average cost of dwelling insurance is $ 2,285 per year in the U.S. for a policy with a $ 300,000 limit.

That cost is based on numerous factors, including home size and claim history.

In some areas, homes are such great a risk that they're — if private insurance is even available.

Last year was the worst year for overall U.S. insured losses due to extreme weather.

Housing development insurance rates increased by an average of 12.5% annually , a report says.

A third of housing providers surveyed saw premium increases of 25% or more from 2022 to 2023 .

VR Score

86

Informative language

84

Neutral language

71

Article tone

semi-formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links