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Insurance availability and costs move into the 2026 election spotlight
Federal Reserve survey data from October 2025 shows 6% of homeowners went without coverage, mostly due to cost, while 20% of insured households said they could not afford the amount of coverage they wanted.
Insurance availability and affordability are becoming a campaign issue ahead of the 2026 midterm elections, with homeowners dealing with premium pressure, non-renewals, and coverage restrictions that can affect where they can afford to live, according to Insurance Business.
The outlet cites the Federal Reserve’s Survey of Household Economics and Decisionmaking, fielded in October 2025, finding that 6% of homeowners went without homeowners insurance, mostly because of cost. Among insured homeowners, 20% said they could not afford as much coverage as they wanted, and 14% struggled to pay premiums.
Florida remains a focal point, the story says, with the state having the highest average home insurance premiums and the issue showing up in Senate and gubernatorial contests. It also notes a debate over whether litigation reforms have delivered enough relief, or whether further intervention is needed.
The piece points to signs of improving availability but says premiums remain too high for many households. It highlights that Citizens Property Insurance reported 266,117 policies in force as of September 4, down from about 1.4 million in September 2023, and that its homeowners multiperil rates are falling by an average of 8.8% in 2026, while also urging agents to compare private-market takeout terms against Citizens coverage, deductibles, and exclusions and to track capacity and coverage pathways such as the FAIR Plan or surplus lines where needed.