New Report: Climate Catastrophes Are Destabilizing Georgia’s Home Insurance Market
FOR IMMEDIATE RELEASE
May 21, 2026
Contact: contact@insurancefairnessproject.com
New Report: Climate Catastrophes Are Destabilizing Georgia’s Home Insurance Market
A new report from the Insurance Fairness Project underscores the urgency of Georgia’s worsening insurance affordability crisis, with increased climate disasters causing premium costs to surge by more than 30% since 2019. For many families, insurers are abruptly dropping coverage altogether, forcing them to search for alternative solutions in a tightening and increasingly expensive market.
The report, Inside Georgia’s Home Insurance Crisis, makes it clear that the increased frequency of severe weather events, including last month’s destructive wildfires and major hurricanes from recent years, are putting considerable strain on the state’s insurance market. Because of this mounting financial strain, Georgia’s insurance market is following the same direction as other Gulf Coast states and trending toward a breaking point.
Key Findings:
Georgia ranks 7th out of all U.S. states with the highest increases in uninsured rates, with more than 380,000 uninsured homes as of 2024.
Industry standards outline that homeowners’ insurance should not exceed 0.5% of a home’s value, but on average, Georgia homeowners are paying close to double that benchmark.
Increasing rates are disproportionately impacting homeowners with lower credit scores, who pay an average 76% more than good-credit homeowners, widening affordability gaps.
In an effort to address this increasingly urgent issue, stabilize insurance cost, and reduce what supporters call “frivolous” lawsuits, Georgia lawmakers introduced new tort reform laws in 2025. However, the report finds that this attempted solution has not resulted in the desired outcomes. Closer examinations reveal they may be exacerbating the crisis: policyholders now face additional obstacles to securing payment from valid claims with fewer means of holding insurance companies accountable for shortchanging everyday people.
“The insurance industry and other corporate interests have created a system that protects their profits while leaving consumers exposed,” said TJ Helmstetter, a spokesperson for the Insurance Fairness Project. “Without the necessary intervention from Georgia lawmakers, the state’s affordability crisis is trending toward a point of no return, leaving hundreds of thousands of families abandoned and financially responsible for absorbing the consequences.”
Read the report, Inside Georgia’s Home Insurance Crisis.
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The Insurance Fairness Project is an information hub dedicated to offering insights into the home insurance crisis, exploring its drivers and highlighting solutions alongside issue experts and community advocates.
