Homeowners in the U.S. with dwelling coverage of $450,000 see average rates of $3,118 per year, while those with $750,000 in coverage can expect to pay more than $4,500. (Credit: Andrii Yalanskyi/Adobe Stock)
A combination of rising home values and increasing insurance rates has left some homeowners struggling to afford their homes — sometimes paying even more for these expenses than for their mortgage itself.
In September of this year, 32% of the average single-family mortgage payment went to insurance and property taxes — the highest rate recorded in the last decade — according to the Intercontinental Exchange. Note that this analysis is based on those who use escrow accounts to pay their taxes and insurance alongside their monthly mortgage.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
