New report reveals how one fast-growing expense is impacting homeowners: ‘Many may feel like they can never own a home’

Home insurance premiums in Utah have surged by 59% in three years, the highest increase nationwide, driven largely by climate change-related extreme weather. Rising costs are worsening the housing crisis, making homeownership harder, especially for first-time buyers. Experts urge insurers to increase transparency and governments to fund risk mitigation. Homeowners should shop around for insurance and protect homes from weather damage to reduce risks.