Posted on Oct 4, 2019

Transparity Insurance Services

What Determines Your Homeowners Insurance Premium? | With many millennials getting older, some are considering the jump to home ownership. However, owning a home isn’t exactly getting cheaper, particularly when you factor in all of the extra costs, including homeowners insurance. The average homeowners insurance premium rose 3.6 percent in 2015, following a 3.3 percent increase in 2014, according to a 2018 study from the National Association of Insurance Commissioners. Considering it’s on a steady rise, it’s safe to say that it’s only going to get higher as the years go on.
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