11/05/2024
US home insurance costs are skyrocketing:
In October, the average cost of home insurance in the US hit $2,285/year for $300,000 worth of coverage.
This is up another $370, or 19%, in just 5 months, according to Bankrate.
Over the last 3 years, the average annual cost of home insurance is now up ~30%.
Nebraska, Florida, and Oklahoma are the most expensive states, with annual insurance rates of $5,655, $5,527, and $4,835, respectively.
Home insurance is one of many insurance issues adding to the affordability crisis in our country.
If you feel like your homeowners premium is costly, please call our office for a quote today!