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(The Center Square) - California homeowners may face noticeable insurance rate hikes under new rules finalized by state regulators that allow property insurers to use complex climate algorithms ...
Consumer Watchdog estimates home insurance rates could increase by as much as 40% to 50% as a result. The California Department of Insurance did not respond to Fortune 's request for comment.
Becoming a homeowner is exciting but, no matter how you look at it, it’s also expensive. Homeowners insurance alone costs an average of $2,377 annually, and rates continue to rise. And while ...
California Gov. Gavin Newsom has proposed urgency legislation to expedite the hiking of homeowner insurance rates. It's about time. Because the alternative for many is no insurance at all.
According to a new report by Insurance.com, the average homeowners insurance rate in the U.S. is $2,777 per year — or $231 monthly — for $300,000 in dwelling coverage and liability and a ...
Allstate, the sixth largest homeowners' insurer in California, has filed for an average 34% rate increase that if approved could take effect later this year.