The National Observer: Homebuyers Change Strategies as Insurance Costs Spike

The National Observer: Homebuyers change strategies as insurance costs spike

Increasing insurance costs are forcing some homeowners to strategize for a future in which they perhaps try to forego insurance.

Homeowners insurance costs have shot up 70% since 2021. Here’s why.

By Megan Cerullo Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio September 17, 2025 / 3:36 PM EDT / CBS News Homeowners insurance rates are rising across the U.S., driven by climate change, rising cost of building materials…

Homeowners insurance costs have shot up 70% since 2021. Here's why.

Homeowners insurance rates are rising across the U.S., driven by climate change, rising cost of building materials and surging home prices. Almost half of property insurance policy holders in the U.S. said their premiums rose over the past year, the highest rate of increases in more than a decade, according to a study this week from data analytics company J.D. Power.Average homeowners insurance costs have risen nearly 70% over the past five year…