"Insurance premiums are rising fast in the parts of the United States most exposed to climate-related disasters like wildfires and hurricanes.

New research shows that, as insurance has sharply pushed up the cost of owning a home, the price shock is starting to reverberate through the broader real estate market. ...

In some areas of the country that are exposed to disasters, homes are not selling because prospective buyers can’t afford both the mortgage and the insurance.

In parts of the hail-prone Midwestern states, insurance now eats up more than one-fifth of the average homeowner’s total housing payments, including mortgage costs and property taxes. In Orleans Parish, La., that number is nearly 30 percent."

Mira Rojanasakul and Claire Brown report for the New York Times November 19, 2025. [2]

SEE ALSO:

"A Climate ‘Shock’ Is Eroding Some Home Values. New Data Shows How Much." (New York Times) [3]