Earthquake insurance premiums on households are expected to rise by an average of 15.5% from July 2014. The reason for the increase is due to the growing risk of another major earthquake. Also, the insurance industry saw a surge in payouts following the Tohoku earthquake which has drained the reserve fund. 

The average annual premium on a concrete or steel-framed residence with 10 million Yen coverage in Tokyo would increase from 16,900 Yen to 20,200 Yen. In disaster-hit areas in Iwate and Fukushima Prefectures, premiums may rise by as much as 30%. Meanwhile, some areas such as Yamagata Prefecture may see premiums fall.

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