U.S. homeowners will pay more for new insurance policies in 2025 as factors like severe weather, reinsurance costs and inflation continues to force rate increases. At the same time, a neighborhood’s crime rate can impact how much policyholders spend to insure their home.
“This is the insurance industry’s way of accounting for the elevated likelihood of claims being filed in these neighborhoods,” according to a report by the home services platform Porch.
“While a high-crime area might offer lower property prices, the associated insurance premiums can quickly increase,” Porch said in the report. “Living in a low-crime area might come with higher upfront costs, but it often translates to more affordable insurance rates, saving you money in the long run and providing peace of mind.”
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Joe Toppe
Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.
