June 15, 2026 15:12

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California Home Insurance Costs to Rise 16% in 2026

San Jose, housing, economy, insurance, Santa Clara County, Money

California home insurance costs are projected to increase by 16% in 2026, the largest jump in the United States. This comes amid high home prices in San Jose, where a recent sale reached $1.8 million.

- California home insurance premiums to rise 16% in 2026, highest in U.S. - San Jose home sold for $1,800,000 in May 2026, reflecting high property values.

- Nearby homes sold between $1.48 million and $1.625 million in 2024-2025. - The insurance increase will affect homeowners across Santa Clara County and statewide.

The insurance hike underscores growing costs for California homeowners, already facing high real estate prices.

This story was originally reported by mercurynews. Read the original article here.

Summarized by CaliforniaToday AI.

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San JosehousingeconomyinsuranceSanta Clara CountyMoney
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