Why this market is moving now
- NAIC published its first national homeowners market analysis in several years on 5 August 2026, covering 2018 to 2024.
- Insurer-initiated nonrenewal rates rose sharply in every region from 2018 to 2024, so more households are shopping for new cover.
- Claim frequency and severity generally rose, especially from 2021 to 2024, which keeps pressure on premiums.
Key figures
Each figure names the source it came from. Open the source list below to read the quoted line.
| Figure | Value | Year | Source |
|---|---|---|---|
| The countrywide average premium for the HO-3 policy form, the standard homeowners policy, was $1,737 in 2023. | 1,737 USD per house-year | 2023 | National Association of Insurance Commissioners |
| Dwelling fire, homeowners, tenant and condominium policies together totalled about 101.95 million house-years of exposure in 2023. | 101,954,895.5 house-years | 2023 | National Association of Insurance Commissioners |
| The HO-3 form made up 55.1% of all policy exposures in 2023 and remains the most common policy form sold. | 55.1 % | 2023 | National Association of Insurance Commissioners |
| 715 companies wrote homeowners insurance in the US in 2024. | 715 companies | 2024 | National Association of Insurance Commissioners |
| Average homeowners premiums per policy rose in every NAIC region between 2018 and 2024, by 18.3% to 43.3% after inflation. | 18.3 to 43.3 % (inflation-adjusted, 2018 to 2024) | 2024 | National Association of Insurance Commissioners |
| Company-initiated nonrenewal rates for homeowners policies rose by 96% to 216% between 2018 and 2024, depending on region. | 96 to 216 % increase in nonrenewal rate (2018 to 2024) | 2024 | National Association of Insurance Commissioners |
| The Southeast had the most homeowners insurers of any NAIC zone in 2024, at 365, ahead of the Midwest with 328. | 365 insurers (Southeast) | 2024 | National Association of Insurance Commissioners |
Sources and method
The figures on this page come from the public sources listed below. Read how we work.
- National Association of Insurance Commissioners: Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owner's Insurance Report: Data for 2023 (2026-07)
Quoted lines
- Figure 1
Average $1,019 $2,339 $1,572 $1,737
- Figure 2
The table shows a countrywide total of 101,954,895.5 house-years.
- Figure 3
The HO-3 accounted for 55.1 percent of all policy exposures and remains the most common policy sold by far.
- Figure 1
- National Association of Insurance Commissioners: NAIC Releases First-of-Its-Kind National Analysis of Homeowners Insurance Market Trends (2026-08-05)
Quoted lines
- Figure 4
The homeowners insurance market remains broad and active, with 715 companies writing homeowners coverage in 2024
- Figure 5
with inflation-adjusted increases ranging from 18.3% to 43.3%
- Figure 6
company-initiated non-renewal rates increased between 96% and 216%, depending on region.
- Figure 4
- National Association of Insurance Commissioners: MCAS Homeowners Insurance Report (2026-08)
Quoted lines
- Figure 7
The Southeast has the highest number at 365 insurers, followed by the Midwest with 328 insurers.
- Figure 7
What the full report covers
- 01Executive summary
The answer in one page: size, direction and what moves it - 02Market definition and scope
What is in and out of the United States market - 03Market size, 2021 to 2025
Historical series and growth rates - 04Outlook to 2031
Base, low and high scenarios with stated assumptions - 05Rules, policy and deadlines
Regulation and programmes that change demand - 06Drivers and barriers
What accelerates or slows adoption, by customer segment - 07Prices, costs and margins
Unit economics where public data allows - 08Competitive landscape
8 to 12 company profiles with recent moves - 09Opportunities and risks
For new entrants, suppliers and investors - 10Method and sources
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Frequently asked questions
What is the average cost of home insurance in the US?
The NAIC reports the average HO-3 homeowners premium was $1,737 for 2023, the latest year in its premium report. Averages vary widely by state and by amount of coverage.
How many homeowners insurance companies are there in the US?
The NAIC says 715 companies wrote homeowners coverage in 2024. The Southeast had the most insurers by NAIC zone, at 365.
How much have home insurance premiums risen?
The NAIC found average premiums per policy rose in every region from 2018 to 2024. After inflation, the increases ranged from 18.3% to 43.3%, depending on region.
Are insurers dropping homeowners policies?
Company-initiated nonrenewal rates rose between 96% and 216% from 2018 to 2024, depending on region, according to the NAIC's August 2026 analysis.
What is an HO-3 policy?
HO-3 is the standard homeowners form. The NAIC says it accounted for 55.1% of all policy exposures in 2023 and remains the most common policy sold.
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