According to a new analysis of homeowners insurance rates, some Midwest states saw the biggest jumps in premiums last year—and American Family Insurance topped a list of 10 insurers ranked by average rate change.
The analysis published by S&P Global Market Intelligence this week is based on homeowners rate filings approved through Dec. 27, 2024—so not quite the whole year last year.
According to S&P GMI, the calculated weighted national average effective rate increase for homeowners insurance was 10.4% last year through late December. In 2023, the comparable figure was 12.7%, putting the two-year average increase at roughly 24 percent.
Chart shows information for S&P Global Market Intelligence analysis with carriers ranked by size of 2024 average rate change (largest first) » Read More
