Released: December 27, 2021

Many home insurance premiums are rising

Source: Kathy Orton, Washington Post (Paid Registration)

Across the country, homeowners renewing their policies are discovering that rising material costs, supply chain disruptions and climate change are combining to drive premiums up by an average 4 percent to an average annual premium of $1,398, according to the Insurance Information Institute, a nonprofit organization known as Triple-I that provides information on the insurance industry.

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