How big is the Home Insurance Market | Size and Growth 2025

Q: What is the current size of the home insurance market?

The home insurance market was valued at USD 350 billion in 2024 and is projected to reach USD 480 billion by 2031.

Q: What is the growth rate of the home insurance market?

The market is expected to grow at a CAGR of 4.00% during 2025–2031.

Q: Which sectors use home insurance the most?

Residential homeowners, property developers, real estate agents, and mortgage lenders.

Q: What technologies are shaping the home insurance market?

AI, blockchain, IoT sensors, digital claims management, and predictive analytics.

Q: What is driving demand in the home insurance market?

Risk of climate-related losses, increasing property value, and evolving consumer expectations.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA6212

Publication Date: Jul 2025

How big is the Home Insurance Market?

According to 6Wresearch internal database and industry insights, the Global Home Insurance Market was valued at USD 350 Billion in 2024 and is expected to reach USD 480 Billion by 2031, growing at a compound annual growth rate of 4.00% during the forecast period of 2025-2031.

The market is expanding due to increasing home ownership rates, rising climate-related risks, and growing consumer awareness about property protection.

View Main Report

Schedule Analyst Call

Key Growth Drivers of the Home Insurance Market

Increasing natural disasters and climate threats
Rise in real estate investments and property value
Government regulations mandating home insurance
Growing mortgage markets across developing countries
Advancements in digital claims and underwriting processes

Home Insurance Market Trends

The home insurance market is seeing a shift toward usage-based and parametric insurance models. Insurtech startups are driving innovation with AI-driven risk assessments and automated claim processing. Bundled insurance offerings and mobile-based policy management tools are gaining popularity. Demand for coverage against floods, fires, and earthquakes is rising due to climate change. Customized and on-demand insurance policies are becoming the norm among urban homeowners.

Emerging Developments in the Home Insurance Market

Recent breakthroughs in homomorphic encryption focus on the computational efficiency and estimation of the technology so that it would be possible to use it in a real-world situation. Scientists are developing low-latency and energy-efficient methods to enable the use of real-time deployment in IoT and edge computing equipment. Security vendors or cloud service providers such as AWS and Microsoft Azure are paving a way to integrate secure computation APIs as a part of their platform, and provide homomorphic encryption as a service. Besides, academic and commercial partnerships are helping in the faster commoditization of advanced encryption libraries.