Among the locations in the study, 26 states saw an average increase of more than 20%, Policygenius reported. Credit: Vittaya_25/Adobe Stock Among the locations in the study, 26 states saw an average increase of more than 20%, Policygenius reported. Credit: Vittaya_25/Adobe Stock

The average cost of home insurance increased 21% from May 2022 to May 2023, according to an analysis from Policygenius, which found that 94% of homeowners saw rate increases at renewal.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]