The Insurance Information Institute (Triple-I) has launched of its Insurance Affordability Index, a new interactive resource designed to show how homeowners and personal auto insurance costs vary nationwide, along with the economic, risk and market factors driving those differences.
The Index measures insurance costs relative to household income in each state, combining the Insurance Research Council’s established affordability methodology with Triple-I’s underwriting expertise and the latest available data. The result is a state-by-state view of insurance affordability through 2025.
According to Triple-I, the Index estimates homeowners’ insurance represents 2.4% of median household income, up 24% since 2020, while auto insurance represents 1.7% of median household income, up 9% over the same period. The Index allows users to study insurance market health and availability by state, the costs for rebuilding homes and replacing vehicles, and the share of insurance costs per household income versus other major expenses.
“Insurance costs vary significantly across America, and for good reason: no two states carry the same catastrophe risk, legal environment or economic pressures,” said Sean Kevelighan, CEO of Triple-I. “The Affordability Index brings the data and cost drivers together in one place, making those differences understandable, not mysterious. It gives consumers, policymakers and the media a common set of facts and a clearer picture of what is shaping insurance costs in each state, helping inform decisions about how and where risks are greatest, how to build and how to better protect what matters most.”
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