'It’s a pain': Trump-era inflation and disasters are spiking insurance in this swing state
Brandon Myrtle stands in the Guadalupe River as he tries to clear debris after catastrophic floods in Center Point, Texas, U.S., July 11, 2025. REUTERS/Sergio Flores
If President Donald Trump is relying on low inflation and costs to save him in the mid-terms, one southern swing state may prove a hard fight.
The Atlanta Journal Constitution reports that insurance rates for Georgia homeowners grew by nearly 12 percent just in the past year, according to a report. The report claims this is primarily due to rising economic inflation and more frequent storms putting a hit on insurance companies’ bottom lines.
Rob Bhatt, insurance expert for LendingTree said: “It’s a pain that people are feeling everywhere in the country, including Georgia.” However, rates appear to be rising faster in purple Georgia than they are for most other states.
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Since 2019, Georgia homeowners have seen their insurance rates bump up nearly 36 percent, according to Lending Tree’s State of Home Insurance report. This could pose a problem if Georgia voters vote with their pocketbooks in the upcoming mid-terms and in the next presidential election.
The Atlanta Journal-Constitution reports home insurance rates were relatively steady from 2019 to 2021, but increases jumped each year since with new rate increases continuing to plague 2024 and 2025.
The Atlanta Journal Constitution claims the two key contributors are rising inflation, (which Trump denies), coupled with climate change (which Trump deems a “hoax”). Regardless of the president’s opinion, insurance companies have recorded a spike in frequency and intensity of hurricanes, tornadoes, wildfires and hailstorms.
“Insurance companies have been raising their rates to keep up with their escalating expenses,” said Bhatt. “The early 2020s saw an uptick in natural disasters and inflation. Insurance companies have had to rebuild more homes than normal, and the cost of rebuilding each one has become more expensive.”
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Liz Coyle, executive director of consumer advocacy group Georgia Watch, told AJC that inflation and climate change are significant factors, but insurance companies also need more transparency regarding their investments.
“Insurance companies continue to earn and reap significant profits, and their profit margins are high,” said Coyle.
Read the full Atlanta Journal-Constitution report at this link.
