Rising Insurance Premiums Explained

 

A recent study from the National Association of Insurance Commissioners found that the average cost of premiums for the most common type of homeowners insurance was $1,132 in 2014. That’s a 3.3% increase from the previous year and a 48% increase from 2005.

rising insurance premiums explained

*Source: © 2017 National Association of Insurance Commissioners (NAIC)

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