Home insurance costs for owner-occupied dwelling premiums increased an average of 11.3% in 2023, with 25 states seeing a rate change of at least 10% for the year, according to data from S&P Global. Homeowners in Texas saw the largest rate increase in 2023 at 23.3%, followed by Arizona at 21.8% and Utah at 20.3%. Texas and Arizona are two of five states — also including Oregon, Oklahoma and Colorado — that saw double-digit rate increases in both 2022 and 2023. Homeowners in Hawaii experienced the smallest premium growth at 1.8%, followed by Vermont (3.3%), Delaware (3.9%) and Mississippi (3.9%). Nationwide, the cumulative growth in home insurance premiums was 18.2% from 2022 to 2023, and 33.8% from 2018 to 2023. The average homeowner paid $2,377 to insure their house in 2023, and Insurify predicts 2024 will see rates go up another 6%, bumping that average to $2,522 for the year. Floridians paid the most for home insurance in 2023 by a large margin, with an average annual rate of $10,996. Louisianans had the second-highest annual homeowner policy premiums at $6,354. So, in a market with premiums that do not look to come down anytime soon, where have homeowners turned for coverage? In the slideshow above, we'll count down the top ten homeowners insurance carriers by market share, according to the National Association of Insurance Commissioners.

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