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Surging Home Insurance Costs Strain Central US Homeowners

11/13/2025

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Summary

Story summary

The central United States faces surging home insurance costs, with Nebraska homeowners paying about $6,400 annually.
The rise is driven by hail damage, including a 2024 Cozad storm that caused about $100 million.
Nationwide, property insurance prices rose 8% faster than inflation from 2018 to 2022.
Insurers posted profits after 2023 losses, while many homeowners face higher deductibles and reduced coverage.

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Story summary

The central United States faces surging home insurance costs, with Nebraska homeowners paying about $6,400 annually.
The rise is driven by hail damage, including a 2024 Cozad storm that caused about $100 million.
Nationwide, property insurance prices rose 8% faster than inflation from 2018 to 2022.
Insurers posted profits after 2023 losses, while many homeowners face higher deductibles and reduced coverage.