A U.S. Treasury Department study concluded that home insurance costs in the United States have risen sharply in areas exposed to climate risks

WASHINGTON — Homeowners in areas most at risk of damage from hurricanes, wildfires and other weather hazards pay significantly more for insurance than those living in areas at least risk, according to a U.S. Treasury Department study released Thursday.

The survey found that homeowners living in areas most at risk paid 82% higher premiums on average between 2018 and 2022 than those living in areas less likely to be affected by adverse weather events.

The study of more than 246 million homeowners’ insurance policies found that those who lived in the highest-risk areas were more likely to be dropped by their insurers.