Homeowners Face Rising Insurance Costs and Climate Risks as Market Stagnates — Kin Insurance, Inc.

Event summary

37% of homeowners lack confidence in maintaining adequate insurance coverage, up from 31% in December 2025.
45% of homeowners report difficulty finding affordable insurance, with 12% facing very limited options.
30-year mortgage rates have risen to 6.48%, higher than the 6.19% recorded in mid-December 2025.
Only 6% of homeowners in hurricane-affected areas purchased additional flood or hurricane coverage despite elevated risks.

The big picture

Kin's report highlights a growing disconnect between rising homeownership costs and stagnant mortgage rates, exacerbating financial pressure on homeowners. The shifting risk landscape due to climate change is also forcing insurers to reassess coverage in traditionally low-risk areas. With Kin operating in 14 high-catastrophic-risk states representing half of the U.S. home insurance market, these trends could reshape the competitive dynamics of the industry.

What we're watching

Insurance Market Dynamics: How rising premiums and nonrenewals will impact homeowner loyalty and insurer market share.
Mortgage Rate Trends: Whether elevated mortgage rates will further stagnate the housing market and affect homeowner mobility.
Climate Preparedness: The pace at which homeowners in high-risk areas adopt protective measures ahead of hurricane season.