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Homeowners insurance in an era of climate change [1]

['Meredith Fowlie', 'Judson Boomhower', 'Daniel Richter', 'Riki Fujii-Rajani', 'Vanessa Williamson', 'Ellis Chen', 'Joseph W. Kane', 'Richard Samans']

Date: 2025-07

The U.S. Treasury’s Federal Insurance Office has posted ZIP code level data for 2018-2022 showing that homeowners insurance is becoming more costly and harder to procure for millions of Americans as the costs of climate-related events pose growing challenges to insurers and their customers. The snapshot covers more than 330 private insurers and about 50 million homeowner insurance policies for each year. The data were collected through a first-of-its-kind effort by the National Association of Insurance Commissioners, state insurance regulators, and the Federal Insurance Office.

This interactive map, built from a spreadsheet the Treasury posted in January 2025, shows several indicators. Typing in a particular zip code calls up a report card with the fraction of policies that were not renewed, the frequency of claims, the average claim payment, and the average premium for each of the five years. These data are averages; any particular homeowner’s experience may differ from the average. These data allow current and prospective homeowners to compare the cost of insurance and the frequency of claims and non-renewals in their neighborhoods to adjacent neighborhoods and to the rest of the country.

The data were accompanied by a 66-page report, Analyses of U.S. Homeowners Insurance Markets, 2018-2022: Climate-Related Risks and Other Factors.

Among the report’s key findings:

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[1] Url: https://www.brookings.edu/articles/homeowners-insurance-in-an-era-of-climate-change/

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