Homeowners Insurance Premiums Surge 13% in , Prompting Cost-Cutting Strategies
Homeowners insurance premiums have become a growing financial burden, with national averages hitting $2,110 annually—a 13% increase in 2024 alone. Some high-risk states saw hikes exceeding 20%, forcing policyholders to seek aggressive cost-saving measures.
Seven actionable strategies can slash premiums by up to 50%, including deductible adjustments and policy consolidation. These methods leverage actuarial insights and market competition, shifting control back to homeowners amid volatile rate environments.