As the threat of more frequent and more severe natural disasters looms over the country, the cost of home insurance—already skyrocketing in vulnerable areas like Florida—is expected to rise in several states through the rest of 2024, according to a recent study by Insurify.
Rises are expected at the national level too: the company foresees a 6 percent uptick in average premiums by the end of 2024, bringing up the average insurance rate from the current $2,377 per year to $2,522 per year.Read more: Tips to Help Sell Your Home for the Highest PriceIn the past two years insurance premiums have risen by 20 percent at the national level.
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