Premiums are steadily increasing across the country, however, some states have seen greater rate increases than others, said Carlos Lagomarsino, Founder of HomeInsurance.com.
Wilmington, N.C. (PRWEB) May 15, 2013
HomeInsurance.com, an online insurance marketplace, announced today the release of their average 2012 homeowners' insurance premiums as sold by the company last year. In the infographic, HomeInsurance.com highlights the states where homeowners are paying the highest and lowest premiums across the U.S.
“Premiums are steadily increasing across the country, however, some states have seen greater rate increases than others," said Carlos Lagomarsino, Founder of HomeInsurance.com. “No one can predict exactly what will happen to homeowners insurance rates in 2013 but the hope is that drastic hikes may be avoided due to the P/C industry finishing 2012 in good financial strength. Only time will tell.”
Despite Superstorm Sandy’s $26 billion in damage, reports from the III suggest the strong financial climate for P/C Insurers in early 2012 helped balance the big losses from Sandy.
According to HomeInsurance.com, the average annual policy for new customers was 15% more in 2012 than in 2011. The company also offers results from an online survey about the most common steps homeowners are taking to reduce their homeowners' insurance premiums, including bundling policies, installing security devices and increasing deductibles.
About HomeInsurance.com, LLC
HomeInsurance.com, LLC operates an online comparison shopping marketplace for home and auto insurance, making shopping for the best insurance rates from multiple insurance companies easy, fast, and efficient. HomeInsurance.com is partnered with the top-rated home and auto insurance companies in the country- including Safeco, Liberty Mutual, Travelers, Progressive, Hartford, Metlife, ASI and Foremost- and is rated A+ by the Better Business Bureau.