How the flood risk has changed in your state, according to FEMA

michelmond // Shutterstock In order to update information about property flood risk, the Federal Emergency Management Administration modified the methodology used in its National Flood Insurance Program evaluations for the first time in 50 years. Changes in climatic and urban conditions required a rigorous review of the variables taken into account to accurately determine how vulnerable a property is to flood risk. The new costs of insurance policies generated by the national flood insurance system now depend on the results of the latest study, Risk Rating 2.0. Potential threats have increased for 3.9 million properties out of the 5 million re-diagnosed. Consequently, the cost of insurance premiums was raised, much to the discontent of developers and property owners, especially those in waterfront cities. The previous methodology tended to overlook the replacement value of any given property, which resulted in inequity for lower-value homes that lay within the same flood plain as higher-value homes. This inequity equated all properties on equal footing for flood risk, with no consideration of the actual value loss for each property, which forced the owners of lower-value homes to purchase insurance packages more costly than was necessary. The new approach now factors in the individual risk for each property or home, which in turn means more valuable–generally waterfront–properties will have their flood insurance premiums rise. Despite the concern from many high-value homeowners, on a national scale, 86.4% of premiums went up just $10 or less. In 8.6% of cases, the fee increase was somewhere between $10 and $20, while in the remaining 5%, it surpassed the $20 margin. In contrast, the risk rate dropped for 1.2 million properties; as a result, so did the cost of premiums. The revised amount meant a discount of up to $100 for 70.5% of policyholders, while the remaining 29.5% were granted reductions of $50 or more. Citing the latest data, Stacker dug into how flood insurance premiums will change across every state in the first year of Risk Rating 2.0’s implementation. As of April 2022, all policies must follow the new ratings methodology. You may also like: U.S. cities with the dirtiest air Alabama Jens Lambert // Shutterstock 52,648 properties with reassessed flood risk – 11,217 properties with decreased risk — 28.9% of monthly flood insurance premiums decreasing $50 or more — 71.1% decreasing between $0 and $50 – 41,431 properties with increased risk — 88.7% of premiums increasing up to $10 — 7.2% increasing between $10 and $20 — 4.1% increasing over $20 Alaska Photos BrianScantlebury // Shutterstock 2,250 properties with reassessed flood risk – 1,932 properties with decreased risk — 26.6% of monthly flood insurance premiums decreasing $50 or more — 73.4% decreasing between $0 and $50 – 318 properties with increased risk — 88.4% of premiums increasing up to $10 — 7.2% increasing between $10 and $20 — 4.4% increasing over $20 Arizona You Touch Pix of EuToch // Shutterstock 29,261 properties with reassessed flood risk – 7,312 properties with decreased risk — 40.9% of monthly flood insurance premiums decreasing $50 or more — 59.1% decreasing between $0 and $50 – 21,949 properties with increased risk — 91.0% of premiums increasing up to $10 — 6.4% increasing between $10 and $20 — 2.6% increasing over $20 Arkansas Sean Pavone // Shutterstock 14,397 properties with reassessed flood risk – 4,771 properties with decreased risk — 43.9% of monthly flood insurance premiums decreasing $50 or more — 56.1% decreasing between $0 and $50 – 9,626 properties with increased risk — 84.6% of premiums increasing up to $10 — 9.5% increasing between $10 and $20 — 5.9% increasing over $20 California Michael Vi // Shutterstock 214,829 properties with reassessed flood risk – 57,541 properties with decreased risk — 38.5% of monthly flood insurance premiums decreasing $50 or more — 61.5% decreasing between $0 and $50 – 157,288 properties with increased risk — 86.3% of premiums increasing up to $10 — 8.6% increasing between $10 and $20 — 5.1% increasing over $20 You may also like: U.S. cities with the cleanest air Colorado marekuliasz // Shutterstock 19,983 properties with reassessed flood risk – 8,675 properties with decreased risk — 30.6% of monthly flood insurance premiums decreasing $50 or more — 69.4% decreasing between $0 and $50 – 11,308 properties with increased risk — 84.5% of premiums increasing up to $10 — 8.4% increasing between $10 and $20 — 7.1% increasing over $20 Connecticut Kyle Lee // Shutterstock 34,828 properties with reassessed flood risk – 12,739 properties with decreased risk — 49.5% of monthly flood insurance premiums decreasing $50 or more — 50.5% decreasing between $0 and $50 – 22,089 properties with increased risk — 73.7% of premiums increasing up to $10 — 11.9% increasing between $10 and $20 — 14.3% increasing over $20 Delaware Real Window Creative // Shutterstock 26,147 properties with reassessed flood risk – 9,845 properties with decreased risk — 21.7% of monthly flood insurance premiums decreasing $50 or more — 78.3% decreasing between $0 and $50 – 16,302 properties with increased risk — 83.0% of premiums increasing up to $10 — 13.4% increasing between $10 and $20 — 3.5% increasing over $20 Florida Bilanol // Shutterstock 1.7M properties with reassessed flood risk – 342,109 properties with decreased risk — 13.2% of monthly flood insurance premiums decreasing $50 or more — 86.8% decreasing between $0 and $50 – 1.4M properties with increased risk — 85.0% of premiums increasing up to $10 — 9.7% increasing between $10 and $20 — 5.3% increasing over $20 Georgia Gus Valente // Shutterstock 81,998 properties with reassessed flood risk – 19,929 properties with decreased risk — 31.9% of monthly flood insurance premiums decreasing $50 or more — 68.1% decreasing between $0 and $50 – 62,069 properties with increased risk — 91.3% of premiums increasing up to $10 — 6.1% increasing between $10 and $20 — 2.5% increasing over $20 You may also like: 25 endangered animals that only live in America Hawaii Uheheu // Shutterstock 61,382 properties with reassessed flood risk – 7,924 properties with decreased risk — 38.9% of monthly flood insurance premiums decreasing $50 or more — 61.1% decreasing between $0 and $50 – 53,458 properties with increased risk — 90.0% of premiums increasing up to $10 — 5.3% increasing between $10 and $20 — 4.8% increasing over $20 Idaho Ric Schafer // Shutterstock 5,645 properties with reassessed flood risk – 1,580 properties with decreased risk — 37.8% of monthly flood insurance premiums decreasing $50 or more — 62.2% decreasing between $0 and $50 – 4,065 properties with increased risk — 88.2% of premiums increasing up to $10 — 7.8% increasing between $10 and $20 — 4.0% increasing over $20 Illinois Jon Rehg // Shutterstock 37,677 properties with reassessed flood risk – 15,714 properties with decreased risk — 43.9% of monthly flood insurance premiums decreasing $50 or more — 56.1% decreasing between $0 and $50 – 21,963 properties with increased risk — 84.0% of premiums increasing up to $10 — 9.3% increasing between $10 and $20 — 6.6% increasing over $20 Indiana Tony Campbell // Shutterstock 20,081 properties with reassessed flood risk – 9,162 properties with decreased risk — 48.4% of monthly flood insurance premiums decreasing $50 or more — 51.6% decreasing between $0 and $50 – 10,919 properties with increased risk — 86.9% of premiums increasing up to $10 — 8.2% increasing between $10 and $20 — 4.9% increasing over $20 Iowa Michael Rolands // Shutterstock 12,637 properties with reassessed flood risk – 4,670 properties with decreased risk — 44.3% of monthly flood insurance premiums decreasing $50 or more — 55.7% decreasing between $0 and $50 – 7,967 properties with increased risk — 82.0% of premiums increasing up to $10 — 7.8% increasing between $10 and $20 — 10.2% increasing over $20 You may also like: Major cities with the biggest projected water shortages by 2040 Kansas KSwinicki // Shutterstock 9,565 properties with reassessed flood risk – 3,630 properties with decreased risk — 42.3% of monthly flood insurance premiums decreasing $50 or more — 57.7% decreasing between $0 and $50 – 5,935 properties with increased risk — 90.2% of premiums increasing up to $10 — 5.0% increasing between $10 and $20 — 4.8% increasing over $20 Kentucky Brymer // Shutterstock 19,361 properties with reassessed flood risk – 5,523 properties with decreased risk — 42.0% of monthly flood insurance premiums decreasing $50 or more — 58.0% decreasing between $0 and $50 – 13,838 properties with increased risk — 76.3% of premiums increasing up to $10 — 14.7% increasing between $10 and $20 — 9.0% increasing over $20 Louisiana ccpixx photography // Shutterstock 495,923 properties with reassessed flood risk – 101,171 properties with decreased risk — 36.9% of monthly flood insurance premiums decreasing $50 or more — 63.1% decreasing between $0 and $50 – 394,752 properties with increased risk — 87.0% of premiums increasing up to $10 — 8.7% increasing between $10 and $20 — 4.3% increasing over $20 Maine Arthur Villator // Shutterstock 7,746 properties with reassessed flood risk – 2,605 properties with decreased risk — 35.9% of monthly flood insurance premiums decreasing $50 or more — 64.1% decreasing between $0 and $50 – 5,141 properties with increased risk — 76.8% of premiums increasing up to $10 — 9.9% increasing between $10 and $20 — 13.3% increasing over $20 Maryland Jeramey Lende // Shutterstock 64,942 properties with reassessed flood risk – 39,903 properties with decreased risk — 14.3% of monthly flood insurance premiums decreasing $50 or more — 85.7% decreasing between $0 and $50 – 25,039 properties with increased risk — 92.1% of premiums increasing up to $10 — 5.4% increasing between $10 and $20 — 2.4% increasing over $20 You may also like: Beginner’s guide to composting Massachusetts