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4 Surprising Home Insurance Credits That Help You Save

October 13, 2013February 12, 2014 Guest Author

The Federal Reserve puts the median cost of homeowners’ insurance at $744 per year, but insurance costs can range from as low as $300 per year to as much as $1,000 per year. Your home’s condition, geography and weather all influence costs. While you can’t do much about certain home hazards, such as a floodplain location or tornado zone, you can tackle other hazards that cause a higher premium. These four issues represent potential homeowners’ insurance credits that you can earn with just a little bit of work and upfront…

Homeowners insurance rates skyrocketing following massive flooding

September 26, 2013September 24, 2013 Julie Campbell

layoff employment Insurance Industry - Alberta, Canada

The June floods in Alberta are not only causing record level costs, but also spikes in premiums. Now that the flooding in Alberta has been labeled as the most costly natural disaster that Canada has ever faced, it has become clear that this massive expense will be reflected in future homeowners insurance rates. The damage is estimated to have reached $1.7 billion, so far, and claims continue to pour in. Regardless of whether or not they live in a flood zone, many property owners have already seen their homeowners insurance…

Homeowners insurance customers in Oklahoma still paying high rates

September 4, 2013September 2, 2013 H. Cutner

Residents of the state are still seeing costs that are among the highest in the United States. Property owners in Oklahoma are already paying some of the highest homeowners insurance rates in the country due to the state’s high risk of severe weather such as tornadoes, hail, and other damaging forces of nature. Now, insurers in the state are seeking to increase their rates by as much as 40 percent. Despite the fact that the residents of the state are already paying more than those of most other states across…

Homeowners insurance customers in Florida receive explanation for cost hikes

August 15, 2013August 13, 2013 H. Cutner

The commissioner in the state has released a statement to property owners to explain the rates. The homeowners insurance head in Florida has released a statement that has said that there is a reason that the cost of coverage has not been falling despite the fact that one of the biggest expenses typically faced by insurers is now an area in which they are saving money. In fact, the commissioner went on to caution that the rates for this coverage may continue to rise. As some homeowners insurance companies have…

Homeowners insurance in Dallas more expensive at State Farm than competition

August 7, 2013August 5, 2013 G. Turner

A recent analysis has revealed that the insurer is charging more for coverage of homes in the area than its rivals. According to the results of an analysis that was just conducted and that involved data regarding the premiums of 32 different homeowners insurance companies in the Dallas areas, State farm – the largest property insurer in Texas – is continuing to charge the highest rates, by a long shot. In fact, the latest figures are showing that the next most expensive are nowhere near as high. The study took…