Annual property insurance costs for mortgaged single-family homes rose by a record $276 (or 14%) to $2,290 in 2024, per the latest Intercontinental Exchange (ICE) Mortgage Monitor Report released Monday. The report also said that average premiums are now up 61% over the past five years.

Locations that saw the largest percentage increases in 2024 were Seattle (+22%), Salt Lake City (+22%) and Los Angeles (+20%). Dallas (+$606) and Houston ($515) saw the largest increases by dollar amount.

In spite of having some of the highest property insurance rates in the country, Florida premiums increased details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com