Homeowners insurance rates rose dramatically between 2023 and 2024, according to a Bankrate analysis of rate data from Quadrant Information Services. The average premium in February 2024 was about $141 a month for a home with $250,000 worth of dwelling insurance. That's a 23% increase from Ja...
"Auto insurance rates have been rising at a breakneck pace," said Greg McBride, chief financial analyst for Bankrate. "And though the pace of increases will eventually slow, that doesn't mean premiums are coming down." Bankrate's report looks at car insurance costs as a percentage ...
"Auto insurance rates have been rising at a breakneck pace," said Greg McBride, chief financial analyst for Bankrate. "And though the pace of increases will eventually slow, that doesn't mean premiums are coming down." Bankrate's report looks at car insurance costs as a percentag...
Rising Insurance Rates Hit Consumers
Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh February 5, 2025 Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 – marking the second consecutive quarterly decrease following seven years of rising rates, acc...
Though home insurance rates in Washington are relatively low, that doesn’t mean that the insurance situation in the state is perfect. It’s important for homeowners in the region to understand the risks they face. Rising threat of wildfire:Washington is in the top 10 when it comes to states...
Extreme weather events, higher replacement and repair costs, and increased medical expenses after accidents have boosted car insurance rates, experts say. Still, there are ways to mitigate rising premiums. Here are six strategies to consider: ...
There are rising concerns about a spillover that could hit other vessels. The threat level to vessels with Israeli, UK, and US interests stays high, as a 5 Feb advisory note issued by the significant shipping associations mentioned. However, all operators, crews, and owners should be cognisant...
Casualty insurance rates increased 7%; excluding workers’ compensation, the increase was 11%. Workers’ compensation continued to be the primary casualty line of interest for most insurers; however, concerns continued regarding increasing reserves and rising medical costs. Auto liability continued to pos...
Property insurance rates globally declined 3%. Casualty insurance rates again were the only major coverage line to show an increase globally, rising 4%, compared to an increase of 6% in the prior quarter. Global Insurance Market Index fourth quarter 2024 ...