U.S. home insurance rates have rocketed by nearly 38 percent since 2019 because of a mix of soaring property values, above-trend inflation, and natural disasters, according to new data published by online lending marketplace LendingTree.
In the first three months of 2024, home insurance rates rose by 5.8 percent nationwide, led by Nebraska (13.3 percent), Illinois (12 percent), and Montana (11.6 percent). Rates were little changed in three states: Maryland (0.2 percent), Florida (0.1 percent), and Colorado (zero percent).
