Lifestyle

Actions

Insurance premiums rising faster than inflation

Rising Home Insurance Premiums (FILE)
Posted

(KERO) — With the new year just around the corner home insurance premiums for the new year appear to be rising faster than inflation.

According to the Insurance Information Institute, the average homeowner may see a four percent increase in the cost of their homeowner's policy for 2022. In fact, since 2017, premium rates are up more than 11-percent on average.

Factors such as natural disasters and rising costs for raw materials like lumber and supply chain issues are making the replacement cost for a home soar.

,

Weather

Daily Forecast

View Hourly Forecast

Day

Conditions

HI / LO

Precip

Tuesday

06/24/2025

Sunny

93° / 66°

0%

Wednesday

06/25/2025

Sunny

97° / 70°

0%

Thursday

06/26/2025

Sunny

100° / 70°

0%

Friday

06/27/2025

Sunny

102° / 73°

0%

Saturday

06/28/2025

Sunny

103° / 73°

0%

Sunday

06/29/2025

Sunny

103° / 73°

0%

Monday

06/30/2025

Sunny

103° / 73°

0%

Tuesday

07/01/2025

Sunny

103° / 74°

0%