Homeowners across the country are increasingly concerned about the issue, according to a new report from Realtor.com.

The study shows 88% believe they will be paying more for homeowners' insurance in the future, and 75% believe homeowners' insurance will become unaffordable.

"This is just one more thing that is challenging in today's housing market," Hannah Jones, a data analyst at Realtor.com, said. "It's clearly pressing on people's minds; 40% of respondents have already seen their home insurance costs going up."

She said the concern is also affecting potential new home buyers.

"Gen Z buyers are more likely to change how they're looking, or change where they're looking, based on climate risks and home insurance costs," Jones said.