Tag: home insurance rates

California Insurance rates from Allstate cause Commissioner and consumer advocate divide

Julie Campbell
allstate homeowners home insurance rates

Though Dave Jones and Harvey Rosenfield have traditionally collaborated, a recent issue has led to a split. The California Insurance Commissioner, Dave Jones, and advocate from Consumer Watchdog, Harvey Rosenfield, have traditionally held very similar beliefs when it came to the industry and its insurance rates. That said, this trend appears to have changed when it comes to the rates being charged by Allstate. Rosenfield, who hails from Santa Monica, was the author of Proposition 103, a ballot measure from 1988, which converted the position of insurance commissioner in the…

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Ohio homeowners insurance customers are paying less

H. Cutner
Ohio homeowners Insurance

The coverage is the sixth lowest in the United States, meaning that residents are saving compared to other locations. According to a recent announcement made by Mary Taylor, the Lieutenant Governor and Department of Insurance Director, the average Ohio homeowners insurance policy is costing residents of the state notably less than the average resident of the majority of other locations across the country. In fact, she revealed that premiums there are the sixth lowest among all of the states in the nation. The most recent data available from the National…

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North Carolina homeowners insurance rate increase resistance building

H. Cutner
car insurance rates homeowners

Residents of the state are becoming frustrated and angry about the spike of up to 25 percent. As the cost of North Carolina homeowners insurance comes closer to its August increase of an average of 25 percent, residents are keeping a careful watch on the regulator in the state, which held a public hearing on Friday to give these customers the opportunity to voice their opinions on the prospect that they will be seeing their premiums skyrocket this year. The hearing fell three weeks after the insurers in the state…

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Louisiana homeowners insurance rates at Citizens are headed up

G. Turner
Citizens Insurance Louisiana homeowners insurance property

The insurer of last resort is now increasing the amount that policyholders must pay for coverage. Throughout the state, Louisiana homeowners insurance customers who have their coverage through Citizens are discovering that their rates are headed up yet again, regardless of whether they are covered for their homes or for wind-only policies. Other forms of coverage affected by the change include mobile home, renters, and condo policies. The average increase across all of these forms of Louisiana homeowners insurance and other affected forms of coverage is 5.2 percent. Following a…

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Homeowners insurance rates fall in the US

S.Vagus
Homeowners Insurance Rates

Average cost of insurance coverage is falling Homeowners insurance in the U.S. may be on its way to becoming more affordable, according to data from HomeInsurance.com’s RateReport. Over the past few years, homeowners coverage in the U.S. has been considered a problematic issue because of its costly nature. Those located in coastal communities tend to pay more for their coverage due to their exposure to natural disasters. Recent climatic events, such as the so called Polar Vortex, have also had some impact on the insurance market, but that impact may…

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Coastal home insurance costs rising in Massachusetts

H. Cutner
coastal home insurance

This situation is starting to cause concern for officials in the state, where sea levels are a growing problem. Property owners along the seaside and riverside in the state are facing a double level of concern regarding the rising sea levels and the cost of coastal home insurance that is going along with it. The damage caused by Superstorm Sandy is being used as an example of what Massachusetts could one day see. Although the majority of the damage along the coastline was to New York City and New Jersey,…

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Florida homeowners insurance rates continue to rise

S.Vagus
Florida Homeowners Insurance

Homeowners coverage continues to grow more expensive The Florida homeowners insurance industry is notoriously risky. Many insurers have chosen not to participate in the state market due to the liability they are exposed to, leaving homeowners to rely on state-run Citizens Property Insurance to find the coverage they need. One of the reasons that private companies are unwilling to participate in the Florida market is the frequency with which natural disasters hit the state. These disasters have caused home insurance rates to explode over the past several years, despite the…

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