Even as devastating wildfires drive up home insurance costs across California, premiums overall remain relatively low compared to many other states, a new UC Berkeley report finds. But that could change as state regulators phase in new reforms allowing insurers to set rates based on the growing threat of climate change.

In 2023, California’s median home insurance cost of about $1,200 a year ranked in the middle among all states, according to an analysis of U.S. Census Bureau data by UC Berkeley’s Terner Center for Housing Innovation. Current data from personal finance sites show a similar comparison.

The states with the most expensive insurance are prone to hurricanes or tornadoes, including Florida ($1,887 a year), Louisiana ($1,793), Oklahoma ($1,793), Colorado ($1,769), and Texas ($1,

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