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

07/01/2025

Sunny

102° / 71°

0%

Wednesday

07/02/2025

Sunny

102° / 73°

0%

Thursday

07/03/2025

Sunny

103° / 69°

0%

Friday

07/04/2025

Sunny

96° / 66°

0%

Saturday

07/05/2025

Sunny

96° / 68°

0%

Sunday

07/06/2025

Sunny

99° / 70°

0%

Monday

07/07/2025

Sunny

101° / 71°

0%

Tuesday

07/08/2025

Sunny

101° / 72°

0%