Kin Insurance announced that more than half of U.S. homeowners in Sacramento miss accounting for home insurance costs when budgeting for their housing expenses. The announcement was made in the 2025 Kin Generational Homeownership Survey.
The 2025 Kin Generational Homeownership Survey underscores a growing financial blind spot among U.S. homeowners: failing to include insurance premiums in their housing budgets. While mortgage payments dominate most household expenses, rising insurance costs have become an equally critical factor. Yet the survey found that most homeowners underestimate or ignore the cost of coverage altogether. This oversight is particularly concerning as premiums climb nationwide in response to more frequent and severe weather events. The findings reveal how budgeting gaps are leaving many families unprepared for the escalating financial realities of homeownership.
The 2025 Kin Generational Homeownership Survey highlights how Northern California homeowners—especially those in the Sacramento region—are increasingly burdened by rising home insurance costs tied to wildfire exposure. Once viewed as lower-risk compared to foothill and coastal zones, Sacramento’s suburban communities have seen premiums climb sharply as insurers expand high-risk designations. Many homeowners now report that annual insurance costs rival or even exceed property tax payments. This financial pressure, combined with limited carrier availability and frequent policy nonrenewals, has made budgeting for homeownership in the Sacramento area more complex and uncertain than ever before.Â
The 2025 Kin Homeownership Survey found that many Americans underestimate housing costs, particularly insurance. Kin’s Chief Insurance & Compliance Officer, Angel Conlin, advises homeowners to budget beyond their mortgage and get personalized quotes to understand how property type and location affect pricing. Kin’s digital tools let users compare coverage options, adjust limits, and remove unnecessary add-ons, helping them build realistic budgets and reduce stress while keeping their homes properly protected.
Founded in 2016 and headquartered in Chicago, Illinois, Kin Insurance provides homeowners, condo, landlord, and flood coverage in multiple U.S. states. The company operates through the Kin Interinsurance Network, a reciprocal exchange that allows members to share profits and reduce administrative costs. Kin uses technology and data analytics to simplify the insurance process, offering transparent, affordable coverage for homeowners in regions impacted by hurricanes, floods, and wildfires.
