Georgia, Colorado, and New York top the list for home insurance rate hikes in 2026, with increases of 28.4%, 25.7%, and 23.0% respectively based on late 2025 data projecting into the new year. Texas (20.5%) and Mississippi (19.4%) follow closely, driven by wildfires, severe storms, and regulatory pressures amid escalating climate risks.
Top States by Premium Increases
These hikes reflect 2025 trends carrying over, as insurers adjust for catastrophe losses like wildfires in the West and hail in the South.
| Rank | State | Increase (%) | Key Drivers |
|---|---|---|---|
| 1 | Georgia | +28.4 | Storms, litigation |
| 2 | Colorado | +25.7 | Wildfires, hail |
| 3 | New York | +23.0 | Winter storms |
| 4 | Texas | +20.5 | Hail, hurricanes |
| 5 | Mississippi | +19.4 | Tornadoes |
Colorado homeowners paid $666 more annually for new policies by late 2025, exemplifying the “perfect storm” of risks.
Broader Context and Other High-Hike States
Traditional hotspots like Florida ($7,136 avg premium), Louisiana (58% rise 2023-2025), Oklahoma, and Kansas lead absolute costs due to hurricanes and tornadoes, with double-digit hikes persisting into 2026. Midwest states (Nebraska, Montana, Iowa) saw 20%+ jumps in 2024 from convective storms, trending upward.
Climate change amplifies this: Insured losses hit records, prompting non-renewals and excess market reliance in California, Florida, Texas. Nationally, rates rose 10.4% in 2024, with 34 states over 10%
