As premiums rise sharply, financial planners say homeowners still have levers they can pull – but only if they treat ...
The average U.S. home insurance premium increased 24% between 2021 and 2024, according to the Consumer Federation of America.
When Tom Bhramayana built his house in Denham Springs, La., just five years ago, his annual home insurance premium was $1,575. Today, it’s $5,000—and rising. “It’s a new house,” he says. “The roof’s ...
With an average annual premium of $6,274, Louisiana homeowners have the highest true cost of home insurance at 10.78 percent of household income. Based on a median annual income of $77,719, the ...
Homeowners often brace for a higher renewal bill, only to discover that the real financial shock comes from quieter increases ...
Forbes contributors publish independent expert analyses and insights. Writes on housing innovation for sustainability and affordability. As housing faces more climate threats that result in more ...
It’s no longer just mortgage rates or property taxes pushing homeowners to the brink; skyrocketing insurance premiums have become a deal breaker of their own. In states where hurricane, wildfire, and ...
The national average cost of home insurance is up 9% compared to two years ago, according to Bankrate. The state with the highest average home insurance cost is Louisiana. California saw the fastest ...
Home insurance costs continue to rise, introducing a new factor to the housing affordability equation and impacting homebuyers.
After several years of sharp hikes in premiums and coverage challenges, the U.S. home insurance market is showing early signs of stabilization, according to a new report from digital insurance agency ...
As homeowners insurance premiums hit record highs, homebuyers are growing increasingly concerned about their ability to afford them. The average single-family homeowner is now paying almost $2,370 a ...
Are lower home insurance rates leading to cost reductions for Florida homeowners? After insurance leaders in Florida spent the last year touting the revival of a healthy insurance market, the South ...