Posted 3/5/2024, 7:30:25 PM
Home Insurance Rates Climbing Nationwide While Auto Premiums Also Rise
- North Carolina's proposed 42.2% home insurance rate hike was denied, but other states are seeing increases up to 55%
- Allstate resumed selling policies in California after getting a 30% average rate hike approved
- Homeowners insurance rates rose 35% nationwide over 2 years; Florida saw 68% hike
- As rates rise, some homeowners are underinsuring - only 8% of CO policies would fully cover wildfires
- Auto insurance costs rose 43% in 3 years; 14% of drivers now have no liability coverage
