MyInsuranceBuddy Releases 2026 Insurance Affordability Report
Comprehensive study reveals trends in auto and home insurance pricing across all 50 states.
Austin, Texas — August 5, 2025 — MyInsuranceBuddy today published its 2026 Insurance Affordability Report, a comprehensive annual study examining insurance pricing trends, affordability gaps, and consumer behavior across all 50 states.
The report, based on analysis of more than 12 million insurance quotes generated on the platform over the past 12 months, reveals significant regional disparities in insurance affordability and identifies the states where consumers are most and least insured relative to their income.
Key Findings
Auto Insurance: The national average annual auto insurance premium rose to $2,014 in 2025, a 14% increase over 2023. Michigan ($3,741), Louisiana ($3,289), and Florida ($3,105) remain the most expensive states for auto insurance, while Maine ($924), Ohio ($1,011), and Idaho ($1,038) are the most affordable.
Homeowners Insurance: Home insurance costs increased an average of 19% nationally, driven by climate-related claims in coastal and wildfire-prone regions. Florida ($4,218/yr), Oklahoma ($3,670/yr), and Texas ($3,429/yr) lead the country in homeowners insurance costs.
Coverage Gaps: An estimated 28 million American drivers are currently uninsured, and 1 in 6 homeowners carries insufficient coverage to rebuild their home at current construction costs.
States With the Biggest Rate Increases (2023–2025)
- Arizona: +31% auto, +24% home
- Colorado: +28% auto, +27% home
- Utah: +26% auto, +22% home
- Nevada: +25% auto, +19% home
- Texas: +22% auto, +29% home
Consumer Behavior Insights
The report also found that consumers who actively shop for insurance every 12 months save an average of $847 annually versus those who auto-renew their existing policies. Despite this, 67% of insured Americans have not compared rates in the past two years.
"The data is unambiguous — staying with your current insurer out of inertia is one of the most expensive financial habits an American can have," said Jennifer Walsh, CMO of MyInsuranceBuddy. "Rate increases of 14–19% per year are happening, but consumers who shop save enough to offset them entirely."
Report Availability
The full 2026 Insurance Affordability Report is available for download at MyInsuranceBuddy.com. Media organizations may reproduce findings with attribution to MyInsuranceBuddy.
For media inquiries, please contact press@myinsurancebuddies.com