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Home Insurance Soars Amid Climate Risk: 24% Increase

9/5/2025

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Story summary
  • Homeowners in high-risk areas see insurance premiums rise by an average of 24% over three years.
  • A report reveals 26% of US homes are vulnerable to severe climate events, totaling $12.7 trillion in value.
  • Minnesota and Wisconsin have low affordability scores for homebuyers, with Minnesota at 0.73 and Wisconsin at 0.65.
  • Alexandria and Red Wing, Minnesota, rank as some of the most expensive towns, with median home value ratios of 3.83 and 3.25.