GOBankingRates consulted with financial and insurance experts to learn more about the one factor that may increase your home and property insurance premiums and what you can do about it. This means many Americans are in a situation where property insurance is either unavailable or unaffordable based on where they live. Max Dugan-Knight, a climate data scientist at Deep Sky Research, noted that property insurance premiums are increasing because, as the level of risk increases, insurers risk losing money if they don’t raise premiums. Based on research from Deep Sky, home insurance premiums have gone up 42% in the most fire-prone areas of California. If your home insurance premiums have increased and it’s hurting your household budget, you’ll want to take the following measures:1.