Home insurance costs and considerations vary by state. Bankrate explains.
Homeowners insurance premiums have soared since 2023, especially in the South and West. Follow these tips to lower your rates.
estimates by the virtual insurance company, are Louisiana... annual rates of $2,327 and $2,245 respectively). Read more... that homeowners in the Sunshine State now pay an average premium...
NerdWallet analyzed data from over 100 insurance companies to find the average homeowners insurance cost in the U.S. and every state.
Florida, Louisiana, and Oklahoma are among the states with the highest home insurance rates in 2024, influenced by climate catastrophes and rising repair costs.
Homeowners in Florida, like other states, are seeing their home insurance rates soar. Multibillion-dollar disasters like hurricanes, tornadoes and wildfires have led insurers to hike premiums.
The owner of this home in Iowa, a state once considered low-risk, was dropped by his insurance company last year. ; These houses and thousands more also lost their coverage as some insurance companies pulled out of Iowa altogether. ; As climate change produces more extreme weather, insurers are losing money, even in states with low hurricane and wildfire danger.
Written by Natalie Todoroff ; Edited by Jessa Claeys ; Reviewed by Mark Friedlander
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