Kin Insurance announced that more than half of U.S. homeowners in Tallahassee 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 underscores how North Florida homeowners—particularly in and around the Tallahassee region—are struggling with insurance affordability amid rising hurricane and flood risks. Once considered more insulated from coastal storm surges, the Panhandle has faced increasing exposure to severe weather events in recent years. Homeowners here are not only contending with higher premiums but also new challenges in finding stable coverage options. As costs escalate, many Tallahassee-area residents are discovering that home insurance can exceed mortgage and tax expenses, upending traditional household budgets.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 reinvests profits to lower policy 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.
