in recent years, Home owners insurance In 2024, there is rapidly growing rapidly more rapidly more rapidly over the National average Premium to reach the National average Premium to reach a normal policy.
By 2021 to 2024, the cost of 24% in domestic insurance expenses increased 24% Analysis of the statistics of insurance value Issued by non-profit consumer Federation of America or CFA on Tuesday. At the national level, the board is equivalent to extending 21 billion worth of dollars of 21 billion, which is doubled the rate of inflation. (Labor department’s data indicates that Total December 2021 to December, 13.2%.)
Operating per household shows the increase in 6 648 in an annual premiums in the period of three years.
“The price of inequality of insurance premiums are deeply deeper,” Sharon Cornelison, CFA The director of the report and the lead author said. “Straining straining for the house of the country.”
Where home insurance spends the most
CFA Found that domestic insurance premiums have grown in 95% of all US zip codes. In 3 areas, in 1, the lovers over 30 years have increased by more than 30%.
Something worse than certain locations – especially in the south. In the fields of eight Metropolitan, a common domestic insurance policy is priced at least 5,000 in a year. They:
- Miami: The general policy is worth 15,438
- Jacksonville, Florida: $ 5,258
- Louisville, Kentucky: 5,122
And in six large cities households are dealing with a growth of 40% or more:
- Salt Lake City: 62% of 62% of 62% for Home Insurance ($ 1,796 Annual Premium)
- New Orleans: 58% increase (10,522 annual premium)
- Jacksonville, Florida: 47% increase ($ 5,258 annual premium)
- Phoenix: 47% increase ($ 2,278 annual premium)
- Chicago: 46% increase ($ 2,876 annual premium)
- Pittsburgh: 42% increase (1,764 annual premium)
Percentage will not always tell the whole story. While in this analysis in the city of Salt Lake, at 62%, the actual value of the home insurance is rare from the national average.
Dolorus, in the case of homeowners, the largest Oriernes and Miami have been prices of major iron and Miami, in Miami, 3,878 new orleans and Miami increased in $ 2,731 in 3,878 new orleans and Miami.
Trend Mirror Statistics Offer Figures issued by the financial firm intercontinental exchange in the last five years Has increased 61%.
Recently, the Home Insurance Premium is increasingly increasingly increasing the mixture of the mixture of natural disasters more frequently. No end comes in sight. In the last six months, Florida and California have been destroyed by storms and forests respectively.
These destructive natural disasters keep Effects at home insurance prices across the country Because insurers often grow their prices often increase their prices to get the expenses – a practice “cross-subsidy”.
The emerging premiums have more pressure on the owners and potential buyers who are already dealing with expenses of the record-high housing. CFA Says some of the largest cities, more than a quarterly householders are paying more for domestic insurance and taxes than their mortgage.
A different study from CFA in 2024 have about 6 million households are home House is leaving insurance. In many cases, they are low-income people who have no other choice.
To create a 2025 home insurance report, CFA bought owned insurance premium data on all US zip codes. The organization says public data on insurance costs and insurance companies like to call their transactions with consumers, which is similar to the requirements of the mortgage leeys.
More than money:
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