Homeowners Insurance Carriers Market Report 2026

The homeowners insurance carriers market size has grown steadily in recent years. It will grow from $333.06 billion in 2025 to $347.46 billion in 2026 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to growth in residential property ownership, expansion of captive insurance models, increasing penetration of homeowners insurance, rising regulatory oversight, availability of diversified coverage forms.

The homeowners insurance carriers market size is expected to see steady growth in the next few years. It will grow to $413.78 billion in 2030 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to increasing adoption of ai-driven underwriting, rising demand for climate-resilient insurance products, expansion of direct-to-consumer insurance models, growing focus on operational cost optimization, increasing use of predictive loss analytics. Major trends in the forecast period include increasing adoption of digital distribution channels, rising use of advanced risk modeling tools, growing focus on portfolio diversification strategies, expansion of customized policy offerings, enhanced emphasis on claims processing efficiency.

The homeowners insurance carriers market is expected to experience growth due to the rising occurrences of natural disasters. Natural disasters encompass losses arising from events such as floods, weather conditions, and earthquakes. Homeowners insurance carriers offer diverse packages for recovering from these losses, leading to an increased demand for home insurance as the incidence of natural disasters rises. In August 2023, the Association of German Insurers (GDV) reported insured losses of 1.5 billion EUR ($1.6 billion) resulting from a series of natural disasters, with over half of this amount (63.3%) attributed to damage to homes, property, commercial, and industrial businesses. Consequently, the escalating frequency of natural disasters is a driving force behind the homeowners insurance carriers market.

Leading companies in the homeowners insurance carriers market are also focusing on developing innovative products, such as online insurance offerings, for their customers. Online insurance refers to the process of buying, managing, and handling insurance policies entirely through digital platforms, typically over the internet. For instance, in November 2023, Better Home & Finance Holding Company, a US-based digital homeownership firm, launched Better Insurance, the first end-to-end, white-label solution that enables customers to purchase homeowners insurance through a fully online experience. Better Insurance is the latest innovation offered by the company’s insurance division, Better Cover, a full-service digital insurance agency dedicated to providing a seamless and transparent insurance shopping experience across a wide range of options.

In October 2023, HoneyQuote, a US-based home insurance agency, partnered with First Connect. This collaboration allows HoneyQuote and First Connect to provide independent agents nationwide with streamlined access to the Florida homeowners insurance market, improving the efficiency of policy underwriting through HoneyQuote's technology and infrastructure. This partnership aims to enhance the insurance purchasing experience for both agents and clients. First Connect is a US-based insurtech platform that equips independent agents with the tools they need to expand their agencies.

Major companies operating in the homeowners insurance carriers market are Admiral Group plc, Allianz Australia Limited, American International Group Inc., Amica Mutual Insurance Company, United Services Automobile Association, Chubb Limited, Erie Insurance Exchange, State Farm Mutual Automobile Insurance Company, Liberty Mutual Insurance Group, Government Employees Insurance Company, Nationwide Mutual Insurance Company, AXA Group, New Jersey Manufacturers Insurance Company, American Family Insurance, Allstate Corporation, Farmers Insurance Group, The Travelers Companies Inc., Auto-Owners Insurance Group, The Hartford Financial Services Group Inc., CSAA Insurance Group, The Hanover Insurance Group Inc., Mercury General Corporation, COUNTRY Financial, Safeco Insurance, Shelter Insurance Companies, Kemper Corporation, MAPFRE USA Corp., UPC Insurance, National General Holdings Corp., Assurant Inc., Cincinnati Financial Corporation, The Cincinnati Insurance Company, Horace Mann Educators Corporation, The Main Street America Group, Grange Mutual Casualty Company, American Modern Insurance Group Inc., Homesite Group Inc., American Strategic Insurance Lloyds.

North America was the largest region in the homeowners insurance carriers market in 2025. The regions covered in the homeowners insurance carriers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the homeowners insurance carriers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The homeowners' insurance carriers market includes revenues earned by entities by providing dwelling protection, personal property protection, liability protection, and structures protection insurance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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