Tag: homeowners insurance rates

Ohio home to some of the lowest insurance rates in the country

S.Vagus
homeowners insurance

Department of Insurance releases report on insurance rates The Ohio Department of Insurance has released a new report that shows that the state boasted of some of the lowest homeowners and auto insurance rates in the country. The agency compiles data concerning homeowners and auto insurance rates every year and provides information concerning how the state ranks with others on the matter of premiums. According to the report released by the agency, Ohio is home to the 10th lowest auto insurance and 6th lowest homeowner’s insurance rates based on 2011…

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Homeowners insurance becoming more expensive in struggling economy

Homeowners Insurance

Contrary to predictions, prices are on their way up in the United States. The American economy’s burp in the second quarter brought about an unexpected annualized 1.5 percent from having been 2 percent, and this slowdown is having an impact on homeowners insurance. A survey of American economists by Bloomberg had predicted a drop to 1.4 percent. Though the struggling economy is living up to expectations, a great deal of the slowdown at the moment is in large investments such as buying homes. As people with liquidity are less inclined…

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Homeowners insurance on its way up yet again in Florida

Marc
Florida Homeowners Insurance

Three top insurers in the state are all primed to send rates skyward. Residents of Florida will need to dig a little deeper, yet again, as three major homeowners insurance companies are all seeking to raise their rates. Allstate, Universal Insurance Co. of North America, and State Farm are all aiming for higher prices. Allstate’s Florida subsidiaries are seeking increases in homeowners insurance rates by 21.9 percent and 32.7 percent across the state. Similarly, Universal is looking into an average statewide hike of 22 percent. State Farm is also planning…

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Homeowners insurance rates spike following severe storms

Homeowners Insurance

Ohio weather has caused the price of coverage to climb by 40 percent in 7 years. Residents of Ohio have been watching their homeowners insurance rates steadily climb from 2003 through 2010, and this trend is expected to continue onward following a series of severe weather events. The 40 percent increase is only the beginning of the growing prices for that state. The continuing increases in homeowners insurance premiums came in a time when Ohio held the ninth place position in the country for disaster damage claims. This position was…

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Homeowners insurance up 21 percent in Texas

H. Cutner
Texas Homeowners Insurance

Data shows premiums have skyrocketed since 2009 for home coverage in the state. Though the premiums for homeowners insurance in Texas have been the most expensive among all of the states for a long time, recent data has revealed that they have climbed 21 percent since 2009. This increase is much faster than the rate hikes seen in most other states. This data came from a report released by the Texas Department of Insurance. This same report identified a number of different factors that have contributed to the increases in…

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