Homeowners insurance premiums headed downward

homeowners insurance

From the start of this year, it is clear that the direction rates are taking overall is downward. According to a recent rate report that has been released, homeowners insurance premiums are among the forms of coverage that are experiencing declines as of the start of 2014. This report took into account the 12-month premiums that are paid by consumers in the United States. By the close of 2013, the average annual homeowners insurance premium in the United States had fallen to $822, when compared to where it had been…

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Homeowners insurance premiums in Minnesota need only one claim to spike

Minnesota homeowners insurance

The cost of the coverage within the state will jump after even a single claim has been made. According to the results of a recent study, filing just one claim is enough to cause the premiums for a homeowners insurance policy to skyrocket in the state of Minnesota, which was the highest rate of increase in the country following one claim. In fact, the research showed that after a claim, the average increase in premiums was 21.2 percent. That figure is according to a homeowners insurance report that was issued…

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Homeowners insurance costs from U.S. claims experiencing rapid growth

homeowners insurance

A report has shown that the costs have skyrocketed over the last decade and a half. A new report is suggesting that the costs associated with homeowners insurance claims in the United States have been rapidly on the rise over the last 15 years, particularly because of the increasing frequency and severity of the filings that are being made. The report shows the results of a study performed by the Insurance Research Council. It was entitled “Trends in Homeowners Insurance Claims,” and it examined the trends in claims that were…

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U.S. National Homeowners Insurance Study details consumer satisfaction

Homeowners Insurance Discounts

National Homeowners Insurance Study finds most satisfied consumers are those that bundle their coverage J.D. Power and Associates has released the latest edition of its U.S. National Homeowners Insurance Study. Each year, the study examines consumer satisfaction in the homeowner’s insurance sector and provides rankings to the insurance providers in this sector based on that satisfaction. This year, the study found that consumer satisfaction is highest amongst those that bundle their other insurance policies into their homeowner’s policy. The study found that consumer satisfaction was at the highest level it…

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