National Flood Insurance Program (NFIP)
FEMA’s Risk Rating 2.0 Projected Premium Change Analysis
Starting Oct. 1, FEMA will fundamentally change the way it rates a property’s flood risk and prices insurance for the more than five million NFIP policyholders. Known as Risk Rating 2.0, this new methodology incorporates more flood risk data variables to more accurately reflect a property’s individual flood risk
The ASFPM Flood Science Center has created three new easy-to-use data visualization dashboards that show the projected premium changes for policyholders by location, using datasets from FEMA’s analysis of NFIP policyholder information. The data are broken down across four categories — ranging from a decrease in monthly premiums to an increase of $20/month or more – and displayed in map, pie chart, and data table formats. A color-coded scale indicates the percentage of policyholders in each category.
The state-level dashboard shows projected premium changes for each state and territory: Projected Premium Changes by State: All NFIP and Single-Family Home Policies
For those who wish to take a deeper dive, there are two dashboards that display the projected premium changes at the zip code level, one for existing single-family home policies and the other for all existing NFIP policies:
Projected Premium Changes by Zip Code: Single-Family Home Policies
Projected Premium Changes by Zip Code: All NFIP Policies
ASFPM Resources
Risk Rating 2.0 Talking Points and Resources to Help You Navigate the Changes
ASFPM Flood Insurance Committee page
Current FEMA resources on Risk Rating 2.0
- FEMA Risk Rating 2.0 webpage
- Risk Rating 2.0: NFIP Flood Insurance Manual – October 1, 2021
- Risk Rating 2.0 Guidance
- NFIP, Risk Rating 2.0 Methodology and Data Sources, March 25, 2021
- Risk Rating 2.0 is Equity in Action
- Risk Rating 2.0 – National Rate Analysis (graphic)
- Risk Rating 2.0 State Fact Sheets
- Legacy Rating Program changes
- New NFIP Pricing Methodology Program Changes and Updated Guidance Effective October 1, 2021
- Risk Rating 2.0 Methodology and Data Sources -Premium Calculation Worksheet Examples (Excel spreadsheet)
- Risk Rating 2.0 Appendix D Rating Factors (Excel spreadsheet)
Updated Policy Forms to conform with changes to reflect BW-12 and HFIAA and additional clarifications for plain language.
- Residential Condominium Building Association Policy: Standard Flood Insurance Policy
- General Property Form: Standard Flood Insurance Policy
- Dwelling Form: Standard Flood Insurance Policy
National Flood Insurance Program: The Current Rating Structure and Risk Rating 2.0 (CRS Report – Updated January 25, 2021)
FEMA Tutorials
How to Read a Flood Insurance Rate Map (FIRM) Tutorial
Flood Insurance Study (FIS) Tutorial
Letter of Map Amendment (LOMA) / Revision (LOMR-F) Tutorial
Online Letter of Map Change (LOMC) Training
Floodplain Management Topics
The Association of State Floodplain Managers maintains this library for the convenience of its members and the public. The publications and presentations contained therein are the works of independent authors. ASFPM does not and cannot accept responsibility for the contents of these presentations, in any manner shape or form, including, but not limited to their correctness, currency, or appropriateness. Floodplain Management rules and regulations are substantially influenced by the quirks of State and local laws and ordinances, as well as ever changing Federal law, regulation and policy as well as court decisions. Use these presentations for ideas and concepts, responsibility for content is your own.