Kin Insurance: Homeowners Worry About Climate Issues

(Image courtesy of Giada Venturino/pexels.com)

Kin Insurance, Chicago, released a recent survey, finding 93% of American homeowners are concerned about damage to their homes in the next few years due to climate change.

Almost seven in 10 (68%) expect the frequency of extreme weather events in their area to increase in 2026 compared with last year.

And, 49% of American homeowners are at least “somewhat considering” relocating in 2026 due to climate concerns. Of those thinking about moving, 35% would look at a different city or community within their current state, and 41% would want to stay within their current city or community.

The remaining quarter would look to move to a different state, but there are some states they’d want to avoid. Those spots are Florida, California, Hawaii, Louisiana, Texas and Alaska.

The states least commonly listed as ones to avoid were Vermont, New Hampshire, Delaware, Connecticut, Pennsylvania, Oregon, Utah and South Dakota.

Eighty percent of respondents expect cost increases in 2026 in both home prices and home repair and maintenance costs.

Even more–82%–think their insurance premiums will increase, and 72% of respondents expect increases between 1-10%. Another 16% think that insurance premiums will increase by 11% or more.

Interest rates overall remain a significant concern–49% say insurance costs are weighing “very heavily” or “seriously” on their homebuying decisions.