Home Insurance Premiums Surge Nationwide, With Climate Disasters Driving Up Costs

Home insurance rates are soaring, with average premiums up 12% in 2023 to $1,770 per year for a $300,000 home
Florida has the highest average home insurance rates at $9,213 per year due to high risk of climate disasters
Vermont has the lowest average home insurance rates at $914 per year due to low disaster risk
Major insurers are withdrawing from high-risk states like Florida and California due to rising climate costs
Homeowners can lower insurance costs by upgrading homes to be more disaster-resistant and comparing rates across multiple providers