"Data from the U.S. Census Bureau and the Realtor.com® 2025 Climate Risk Report, show that even with wildfire exposure driving concerns in parts of the state, California households as a whole are paying less than homeowners in storm-prone coastal regions. But will that average hold, given the devastation of the 2025 wildfires and the continued issues with coverage in some parts of the state?"
"The latest American Community Survey (ACS) data from the U.S. Census Bureau shows that in 2024, California homeowners with a mortgage typically pay $1,000-$1,499 annually for homeowners insurance, while those without a mortgage pay in the same $1,000-$1,499 range. Overall, costs also fall between $1,000-$1,499 statewide. California has 7,701,876 insured homeowner households in total-5,093,384 with a mortgage and 2,608,492 without."
In 2024, California homeowners with and without mortgages typically paid $1,000–$1,499 annually for homeowners insurance. California has 7,701,876 insured homeowner households—5,093,384 with a mortgage and 2,608,492 without. Among mortgaged owners, 394,890 pay less than $100 annually and 551,410 pay $4,000 or more; among owners without a mortgage, 478,518 pay less than $100 and 234,235 pay $4,000 or more. Wildfire exposure raises concerns in parts of the state, yet statewide averages remain lower than many storm-prone coastal regions. The 2025 wildfires and ongoing coverage issues could drive future premium increases.
Read at SFGATE
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