Live Insurance News

Homeowners insurance rates in Nebraska are higher than the US average

March 10, 2016March 9, 2016 H. Cutner

Property owners in the state are seeing premiums that are a touch higher than the rest of the country. A new report from the National Association of Insurance Commissioners (NAIC) has revealed that the people in Nebraska have been paying homeowners insurance premiums that are slightly higher than the average across the country. The report is based on data from 2013 and shows the average national annual premiums to be $1,096. That said, in Nebraska, that price tag is slightly higher, as the average homeowners insurance bill every year is…

Allstate home insurance is getting cheaper in California

March 3, 2016March 2, 2016 Julie Campbell

allstate homeowners home insurance rates

The insurer and the state commissioner have agreed to reduce the rates for homeowners coverage. Dave Jones, the California Insurance Commissioner, has now come to an agreement with Allstate Insurance Company and Allstate Indemnity Insurance in order to decrease the rates being paid by home insurance customers in the state. In fact, the homeowners insurance rates for California Allstate customers will drop by an average of 12.6 percent. For Californians who have home insurance through Allstate, this decision represents a decrease of an average of $230, each. The reduction in…

Homeowners insurance may be getting pricier for those affected by Storm Desmond

December 10, 2015December 9, 2015 Julie Campbell

UK Flood homeowners Insurance companies Flood Re Plan

Residents of parts of the U.K. that suffered from flooding may soon be seeing higher premiums, too. People living in the parts of Cumbria in the United Kingdom, which have been stricken by flooding following Storm Desmond may soon have further unwanted news as it is expected that homeowners insurance rates will likely rise in that area as a result of the losses that were recorded. As of yet, it is too early to predict exactly how much the storm will be costing the insurance industry. In the U.K., an…

Homeowners insurance premiums headed downward

January 30, 2014January 28, 2014 G. Turner

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…

Nonsmokers homeowners insurance discounts are butting out

December 11, 2013December 9, 2013 Julie Campbell

Though once quite common, the reduced premiums paid by people who don’t smoke are becoming rare. It wasn’t that long ago that reporting to an insurer that you wished for nonsmokers homeowners insurance because nobody in the household was lighting up was not only good for the health of your family, but also for your wallet. However, it is becoming increasingly rare to be able to shave those extra dollars from your premiums in this way. This is especially the case in Massachusetts. The nonsmokers homeowners insurance discount in the…

Homeowners insurance premiums in Minnesota need only one claim to spike

October 7, 2013October 5, 2013 G. Turner

Home prices are down but insurance prices are up!

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…

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…