71% of U.S. homeowners say their home insurance costs have gone up

The two reasons homeowners cite most often are insurance companies wanting to make more money and the costs of repairing and rebuilding.

Premiums for homeowners insurance are rising fast – and many Americans have noticed, according to a new Pew Research Center survey.

Most U.S. homeowners (71%) say the cost of their homeowners insurance has gone up over the last few years, including 42% who say it has gone up a lot.

The two reasons people cite most often for these price increases are insurance companies wanting to make more money and the costs of repairing and rebuilding. A sizable share of homeowners also point to extreme weather events as a reason.