A recent report by Insurance.com, found that the average homeowners insurance rate in the U.S. came in at $2,777 per year which breaks down to $231 a month. The average was based on coverage levels of $300,000 in dwelling and liability and a $1,000 deductible. When Insurance.com ran the numbers, Oklahoma was the most expensive […]
Homeowner insurance rates are headed up in many states this year. Colorado’s new average rate is around $3,400, Oklahoma is now $3,300, Tennesse has also moved up on the list to an average home insurance rate of $3,000 per year. Kansas and Texas are both around $2,500 for the year. While your premium may be […]
In most states, home insurance rates are headed up this year and homeowners should be prepared for further rate increases before the end of the year. According to a recent S&P Global Market Intelligence report, over 177 insurance carriers have filed requests for rate increases in 43 states, Arizona alone has seen 34 rate increase requests. […]
Homeowners in Central Florida will most likely be seeing higher property insurance premiums next year, these increases are the result of a record hurricane season as well as lawsuits. Insurers have requested rate increases from the Florida Office of Insurance Regulation (FOIR) that exceed 30 percent for next year. This year, the skyrocketing premiums are […]
A beautiful view of the Islamorada coastline. Also known by Florida homeowners as the highest homeowners insurance rates in the country. According to a recent Insurance.com rate analysis, the highest homeowner insurance rates in the country are in zip code 33070 which encompasses Islamorada Village of Islands, on Plantation Key in Florida. Second place in this dubious honor […]
Climate change has increased the number of natural disasters in the last decade and that is impacting homeowners insurance rates according to a new report by QuoteWizard. Data from the Insurance Information Institute shows that there were 850 natural catastrophes across the world in 2018, which is a big jump from the 740 in 2017. In […]
If your homeowners insurance premium has been on an upward trajectory for the last few years, you are not alone. A recent study discovered that homeowners insurance rates have gone up in every state over the last decade and in the midwest the rate increases have been pretty dramatic. The reason for these rate increases […]
Here is something that may come as a surprise to most homeowners – an insurance claim made by a previous owner could affect your premium. If you are unaware of this unfortunate fact, you are not alone. According to a survey done by insuranceQuotes.com, 75 percent of respondents were unaware that previous owners claims could […]
Your homeowners insurance premium is calculated on a number of different factors. Everything from your address to your credit rating will be considered to determine your premium. However, there are a few other factors that you might not be aware of that can jack up your rates. While you may have some sway over a […]
If you are looking to adopt a dog in the near future, better call your insurance agent before you bring your new family member home. Depending on the breed, its very possible that your insurer will cancel your homeowners policy, or jack your rates way up. Bringing a dog into the mix is just like […]