If your home insurance bill feels like it grows faster than your garden, you are not imagining it. A new look at the numbers shows premiums have more than doubled since 2019, while the amount of protection homeowners buy has not come close to keeping pace.
The figures come from the Rate Insurance 2026 Home Insurance Trends Report, covered by Insurance Business on May 22, 2026. The report draws on more than 265,000 policy records.
Premiums Are Up 107.6% Since 2019 And Coverage Barely Moved
According to the report, the average home insurance premium is up 107.6% since 2019. Over the same stretch, dwelling coverage grew by only 45.6%.
Read that twice. The price of the policy more than doubled, yet the amount of rebuilding protection on the policy rose by less than half.
That gap is the heart of the gripe. Homeowners are paying far more and getting a smaller increase in coverage for it.
The Average Bill Jumped 9.16% In Just One Year
The one-year picture stings too. Insurance Business reports the average premium rose 9.16% in 2025, climbing from $2,020 to $2,205.
That is an extra $185 a year for the typical policy, on top of everything else that has gone up at the grocery store and the gas pump. For a family on a fixed income, it is another squeeze at the kitchen table.
And remember, that is one year of a longer climb. The 107.6% increase since 2019 is the result of year after year of bills like this one.
Rebuilding A Home Now Costs About $478,000 On Average
Here is where coverage matters. The report puts the average replacement cost at $478,000, meaning the figure used to estimate what it would take to rebuild.
If your dwelling coverage has not kept up with what it would cost to put your house back together, you could be left holding the difference. That is why a slow-growing coverage number next to a fast-growing premium deserves a hard look.
Pull out your policy and find the dwelling coverage line. Then ask your agent plainly whether that number still matches today’s rebuilding costs.
Fewer Homeowners Have Low Deductibles Than Before
Another quiet change is hiding in the deductible. The report found that policies with deductibles under $2,500 fell from 73.52% in 2018 to 59.67% in 2025.
In other words, more homeowners are carrying a higher deductible than they used to. A higher deductible can lower the premium, but it also means more money out of your own pocket before a claim pays.
The report also gives the average claim as $32,600. If a claim of that size hits, the deductible you picked is the first slice you will pay yourself.
What To Do Before Your Next Renewal Notice Arrives
You cannot control the market, but you can control how carefully you read your policy. A little homework each year can keep you from being surprised.
- Check your dwelling coverage against what rebuilding your home would cost today.
- Look at your deductible and ask whether you could comfortably pay it tomorrow.
- Ask your agent which discounts you qualify for, such as for a newer roof or safety devices.
- Compare quotes from more than one insurer before you renew.
Do not just cut coverage to chase a lower number. A cheaper policy that leaves a gap is not a bargain if you ever need to use it.
Write down the premium, the dwelling coverage and the deductible every year. Seeing the three numbers side by side makes it easier to spot when the price is rising faster than the protection.
Why The Gap Between Price And Protection Should Bother You
Most of us think of an insurance premium as a fee for a promise. When the fee more than doubles and the promise grows by less than half, it is fair to ask what changed.
The report does not need dramatic language to make its point. The numbers speak for themselves: 107.6% on one side, 45.6% on the other.
It is a fairness question, and it is one you can raise with your own agent. Ask why your premium moved as it did and what you are getting for the extra money.
Keep the conversation friendly but firm. Agents hear from customers every renewal season, and a prepared homeowner with a list of questions tends to get better answers.
Bring your last two bills to the call. Comparing them line by line shows exactly where the increase came from, whether it is the base rate, a change in coverage or a dropped discount.
Share what you learn with friends and family, too. A neighbor who just renewed may have found a better price, and a quick chat over the fence can lead you to a smarter question for your own agent.
The Bottom Line For Homeowners
The report’s message is hard to miss. Premiums are up 107.6% since 2019, dwelling coverage is up just 45.6%, and the average premium rose to $2,205 in 2025.
That does not mean you are powerless. Read your renewal, ask questions, shop around and make sure the coverage you are paying for still fits the home you are trying to protect.
A few phone calls this month could save you a bigger headache, and a bigger bill, down the road.
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