#insurance-premiums

#insurance-premiums

According to newly released American Community Survey (ACS) data from the U.S. Census Bureau, Alaska homeowners with a mortgage typically pay $1,000-$1,499 a year for homeowner's insurance, while those without a mortgage pay $800-$999; overall costs fall in the $1,000-$1,499 range. At the extremes, Alaska has 182,292 insured homeowner households in total-110,175 with a mortgage and 72,117 without. Among mortgaged owners, 10,862 pay less than $100 annually and 6,473 pay $4,000 or more.

Property insurance costs continue to be the fastest growing subcomponent of mortgage payments among existing homeowners, said Andy Walden, head of mortgage and housing market research at ICE Mortgage Technology. While mortgage principal, interest and property tax payments have all increased in recent years, insurance has far outpaced those gains, rising 4.9% in 2025, 11.3% annually and nearly 70% over the past five and a half years.

Teen car insurance premiums are high due to young drivers lacking experience, leading to a higher likelihood of accidents, making them a high-risk group for insurers.

Natural disasters, fueled by climate change, are the leading cause of rising home insurance premiums, with an 8% increase projected by the end of 2025.

The average premium is now €616, a rise of €67 since 2022, reflecting a 12% increase over the last two years despite government reforms.