Sigh, homeowners insurance rates

[georgina]

Last year our rate jumped 25%. (800-1000) New bill has a 40% increase, so 1400 now. I’m assuming it’s going up all over, I will do some rate shopping but not optimistic. We are not in any particular hazard area.

 

[barkley]

mine renews in December so I'm waiting to see but won't be surpised-it jumped about 50% last year due to the wildfires in our region.

 

[Sheree]

our jumped too. i called and had them rerun insurance score for both me and dh. mine was better so i became the lead name and premium dropped several hundred dollars. our ficos are similar, above 820 but insurance score is different. no idea!

 

[LoveDaisy]

Mine has not gone up. Can I ask what state you are in? If your state is not regulated that would explain the rate increases if you are not in an area with natural disasters or haven’t had a claim.

Edit to add this link it may be helpful to some people looking to see what’s average by them.
Average rate by state

 

[focusondisney]

With the horrific natural disasters, insurance rates will increase all over the US. I’m in Western NY, no claims or credit score changes. Our rate went up 11%. We’re all going to be paying for wildfire & tornado damages.