Native America Calling: Rising home insurance rates put more Native Americans at risk

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Wednesday, February 5, 2025

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Rising home insurance rates put more Native Americans at risk

Even before the recent wildfires in California, soaring home insurance rates were pushing homeowners to go without.

Now State Farm, the country’s largest home insurer, is asking for a 22 percent rate hike in California. That’s on top of a 30 percent increase request last summer. Increasing natural disasters, rising home values, and the high cost of rebuilding are putting insurance out of reach for more homeowners nationwide.

Native Americans already have the highest uninsured rate for homeowners. Tune in to discuss alternatives to a future without coverage for people’s biggest financial asset.

Uninsured American Homes

According to the Consumer Federation of America, homeowners of color are disproportionally at financial risk, with an estimated 22 percent of Native American, 14 percent of Hispanic, and 11 percent of Black homeowners having no homeowners insurance.
— EXPOSED: A Report on 1.6 Trillion Dollars of Uninsured American Homes

🚨Did you know MILLIONS of US homeowners lack #insurance, risking $1.6 TRILLION in property value? It's not just a stat; it's a wake-up call. Learn more in CFA’s new report – EXPOSED: A Report on 1.6 Trillion Dollars of Uninsured American Homes💡🏠 https://t.co/GCnieVyQ5e
— Consumer Federation of America (@ConsumerFed) March 11, 2024