homeowners insurance rates News

Despite Increases, Ohio Home and Auto Insurance Rates Still Low

Combined, average homeowners and auto insurance premiums in Ohio are nearly $500 less than national averages, according to the state’s insurance department. Personal lines premiums in the state are among the lowest in the country, Lieutenant Governor and Department of …

Ohio Homeowners’ Insurance Rates Expected to Climb in 2015

An Ohio insurance industry trade association says homeowner and auto insurance costs for most Ohioans are expected to increase this year. The Columbus Dispatch reports a trend report from the Ohio Insurance Institute says the average cost of insuring a …

North Carolina Regulator Denies Homeowners Rate Increase

North Carolina insurance companies that wanted to raise the cost of homeowners coverage by an average of roughly 25 percent were told Friday the state’s regulator is instead approving a zero overall change. Insurance Commissioner Wayne Goodwin said that after …

Mississippi County Fire District Expands, Homeowners Insurance Rates Could Fall

Residents living along Mississippi Highway 30 and on several county roads extending off the highway may soon see a reduction in their homeowners insurance after the area was included in the Lafayette County Fire Department’s Central Fire Grading District. Fire …

Citizens Raising Homeowner Insurance Rates in Louisiana

East Baton Rouge Parish homeowners who buy coverage from Louisiana Citizens Property Insurance Corp. would see rates increase an average of 9.9 percent while wind-only policies would jump by 17.1 percent under a proposed rate filing. Statewide, Citizens personal lines, …

Three Largest Home Insurers in Texas Plan to Raise Rates

Texas’ three largest home insurers are kicking off 2014 with steep increases in policyholder premiums, according to a report published Saturday. The Dallas Morning News reports that Allstate, Farmers and State Farm plan to raise rates for most current and …

Texas Senator: How Can We Lower Homeowner Insurance Costs?

A Texas lawmaker has asked the state insurance department to come up with suggestions for ways to lower homeowners insurance rates in the state. Texas has consistently been ranked, along with Florida and Louisiana, one of the top three states …

Florida CFO: Why Aren’t Insurance Rates Dropping?

Florida Chief Financial Officer Jeff Atwater wants to know why homeowner insurance rates aren’t dropping. Atwater sent a letter Wednesday to Florida’s insurance commissioner, Kevin McCarty, noting that one of the main costs for insurers has been going down this …

How Homeowner Insurance Rates Have Spiked Nationwide

Nationwide, an average homeowner paid $909 for homeowner insurance coverage in 2010, up 36 percent from 2003. Inflation rose 19 percent during the same period. Here’s a look at what homeowners in states bordering the Atlantic Ocean or Gulf of …

2 Judges Consider State Farm Rates in Texas

The state’s consumer advocate has challenged State Farm Insurance Co.’s 20 percent rate hike for Texas homeowners as being too high. The Dallas Morning News reports the hearing before two administrative law judges in Austin could last through Friday. Public …