How to Avoid Higher Home Insurance Prices in 2025

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RIF Trust on the Rising Cost of Insuring Homes

Mimoun Assraoui, RIF Trust CEO, appreciates that there are numerous factors that inspire an interest in Residency by Investment and Citizenship by Investment. They include the increasing cost of home insurance prices. “HNWIs protect their wealth by paying attention to the finest details,” he asserts.

“As natural disasters become more prevalent, insurers look to recoup their losses. They pass this expense on by increasing premiums.”

Our CEO alerts entrepreneurs to the benefits of a new residency or second citizenship: “Imagine residing in or becoming a national of a country where what you pay for home insurance is significantly lower than what you do now? Picture the future savings you will make. Isn’t that a delightful image to contemplate?”

The Natural Disasters Driving Up Home Insurance Prices

Natural disasters happen here, there, and everywhere. Sure, there are more volatile spots but they’re a global phenomenon. The only certainty is that as a result of climate warming they’re going to become more common.

Look back to 2024 and some of the most memorable episodes relate to floods, hurricanes, and typhoons. Let’s cover some of the major wild weather phenomena below.

The Rio Grande do Sul floods hit Brazil and Uruguay hard from April to May 2024. The Center for Disaster Philosophy confirms a total of 183 fatalities. Over 400,000 residents were displaced following heavy rains and storms.

From October to November 2024 the rain in Spain fell mainly on the eastern plain. Euronews cites a death toll of 224, with Valencia being the worst affected area. Around 50% of the dead belong to the 70+ age group.

September 24-27 2024 will remain some of the darkest dates in the Sunshine State as the Floridian coast took a battering from Hurricane Helene. Also badly affected were Georgia, North Carolina, and South Carolina. Science.org reveals the damages to be around €250 billion.

Typhoon Yagi aka Severe Tropical Storm in the Philippines was all the rage in south-east Asia and south China from August to September 2024. Again, the Center for Disaster Philosophy is an authoritative resource for the death count. They claim it is 593 with 300 of those in Vietnam.

The rainy season in Afghanistan and Pakistan was more pronounced in 2024. It extended all the way from March to September. The resultant floods killed in the high hundreds with an exact figure proving impossible to establish.

2025 Starts With Costliest Blaze of All Time in US

In California, the Greater Los Angeles wildfires continue to scorch the earth of homeowners. The Pacific Palisades has been one of the hardest hit areas, where famous residents such as Anthony Hopkins, Billy Crystal, and Mel Gibson have lost their homes. The Guardian‘s headline covering the ever breaking story reads: LA fires forecast to be costliest blaze in US history with estimate of over $200bn in losses.

It’s a tragic tale that could get even sadder for homeowners. There is a double concern here of home insurance prices receiving an astronomical hike and insurance providers pulling out of the Californian market and not renewing existing policies. Al Jazeera ponders the following question: Is insurance the next battlefront for California residents?

Similar worries are being felt on the other side of the country, in Florida. Insurers do not want to be left out of pocket. Homeowners do not want to be hit harder in the pocket by having to meet more expensive premiums or having to pay for repairs to property that is no longer insurable.

Rising home insurance prices are not specific to the US but they are disproportionately higher there than in other countries. These include countries as or more susceptible to natural disaster. Plus those positioned away from the hotspots.

NerdWallet reveals the range of US home insurance prices in 2025. These include the lows of Hawaii at $515 a year to the highs of Oklahoma at $5,495 per annum, averaging out at $1,915 a year nationally. In countries like Portugal, Spain, and the UK, you can expect to pay less than even Hawaii.

Using Residency and Citizenship by Investment to Cut Home Insurance Costs

8 countries offer Residency by Investment programs and a further 8 run Citizenship by Investment ones. However, that doesn’t mean that Americans have 16 countries to choose from. That’s because the US has its own Residency by Investment program and Malta offers the chance to invest in a new residency and second citizenship.

So, that leaves 14 countries to explore. All of them, including the aforementioned Portugal, Spain, and the UK, have lower home insurance prices than in the US. Let’s run through a few of the most popular options.

Americans don’t have to look far for Residency and Citizenship by Investment solutions for home insurance issues. The cost of this insurance product is typically up to 50% off the other side of the Canadian border. This makes the Canada Start-up Visa a Residency by Investment worth investigating.

Then there’s the Caribbean, a beloved vacation spot. It’s also perfect for a longer-term base with reduced home insurance packages despite the hurricanes. Choose from Antigua and Barbuda Citizenship by Investment, Dominica Citizenship by Investment, Grenada Citizenship by Investment, St Kitts and Nevis Citizenship by Investment, and St Lucia Citizenship by Investment.

The 3 European Golden Visas are another gateway to securing better-value home insurance. Will you select the Greek Golden Visa? Or are you more drawn towards the Portuguese Golden Visa or the Spanish Golden Visa?

Lowering Your Home Insurance Obligations Sooner Rather than Later

The quicker you apply for a new residency or second citizenship, the quicker you’ll be able to reduce your home insurance payments. There are also program-specific deadlines to meet that you should bear in mind. For example, your last chance to apply for the Spanish Golden Visa is Wednesday, April 2, 2025.

Where you can research the cost of home insurance independently, you’re going to need professional advice regarding new residency and second citizenship. Reach out to a Residency and Citizenship by Investment expert such as RIF Trust.  So, contact us now, and we’ll show you how to start the application process today without any further delay.