Insurance companies want consumers to do these things every day

Insurance companies - Holiday lights on house

The holiday season comes with many common risks and insurers are hoping policyholders will avoid them. Insurance companies see a spike in homeowners insurance claims throughout the month of December every year, but this year, they’re hoping to give a heads up to policyholders to save money for everyone. The more claims are filed, the more expensive it is to provide coverage and rates may rise. Claims are expensive not only for insurance companies but also for policyholders when they occur regularly enough. After all, the more expensive it is…

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Allstate homeowners insurance rates increase following 191 hike approvals

Allstate homeowners insurance rates - Home Money - Rates

The insurer has the green light to raise its premiums for property owners across 43 states. Following the receipt of 191 approvals from state regulators in 2020, Allstate homeowners insurance rates can rise in as many as 43 states. This would produce a premiums increase of an estimated $222.3 million, according to an S&P Global Market Intelligence analysis. Conversely, State Farm’s filings suggest that they will be reducing their premiums in 17 states. At the same time that Allstate homeowners insurance rates filings were seeking to increase premiums, State Farm…

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Missouri homeowners insurance rates rise 76 percent in ten years

Missouri homeowners insurance - coins and house

A new analysis has revealed that residents are watching premiums rise faster than most other states. Missouri homeowners insurance rates have been climbing at a faster rate than most other US states over the last ten years due to the severe weather affecting the region. A new analysis has measured the growth in rates Missourians are paying as 7th fastest in the country. The QuoteWizard analysis measured the Missouri homeowners insurance rate growth at 76 percent across the last decade. “When insurance companies take a loss, they compensate for that…

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Home insurance premiums can rise due to nearby fracking

California earthquake insurance sales skyrocketed last year

Thousands of homeowners across Yorkshire are concerned as the operations prepare to begin. Many residents in areas surrounding upcoming fracking sites are concerned about rising homeowners insurance premiums. This is the case in a number of regions around Yorkshire where the operations may soon begin. Industry experts have cautioned homeowners in those areas that they should expect to pay more. The Yorkshire Post reported that experts in home insurance premiums believe fracking may affect the amount people pay. That said, precisely how the insurance rates will be affected has yet…

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Homeowners insurance companies caught overcharging 13 million policyholders

homeowners insurance companies

A new U.K. study has revealed that existing customers often pay considerably more than new ones. New Citizens Advice research demonstrates that up to 13 million U.K. customers are being overcharged by their homeowners insurance companies. Loyal customers and senior citizens are particularly victim to this trend. A very high percentage of homeowners over the age of 65 years have been paying more than new customers. The study revealed that 40 percent of home insurance policyholders over the age of 65 years and who have had their policy for over…

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