Pennsylvania Home Owner Insurance – Are Homeowner Rates Going Up?
Pennsylvania Home Owner Insurance – Are Homeowner Rates Going Up?
As of September, 2016 insurance rates in Pennsylvania will be going up. With the average county's increase by 1.9%, that means your home owner insurance will have to rise with them! That doesn't sound like a good idea for many people, but what can you do if you don't want to pay more for premiums?
One option is to switch your homeowner policy with another company. Many companies offer discounts for new customer sign-ups, so it may be worth checking out their rates before making your decision! Another option is getting an umbrella policy which adds an extra layer of protection on top of your standard homeowners policy.
The counties with the highest rates of increase are Venango, Centre, and Clearfield. That means if you live in one of those counties, your homeowner insurance will be about 2% higher.
Another factor that affects home owner insurance cost is what state of the house you live in. If your home is in condition that makes it "high-risk", the cost of homeowner's insurance will be higher to cover all possible situations that could happen to it. However, if your home is more "low-risk" insurance rates will go down slightly.
The biggest factor that affects your insurance rates is how much coverage you have for your home. More coverage means higher cost. You can save on homeowner's insurance by increasing the limit of liability, but if you have a lot of money tied up in your home, it may not be worth it. And depending on where you are and what kind of policy you have that can change regularly!
If you aren't looking forward to paying more for homeowner's insurance this year, consider getting an umbrella policy that adds an extra layer of protection and get in contact with the companies in your area to get a better deal!
Content Source: http://www.pennlive.com/penn-insurance/index.ssf/2016/06/pennsylvania_home_owner_insurance_are.html
Resource: http://www.pennlive.com/penn-insurance/index.ssf/2016/06/pennsylvania_home_owner_insurance_are.html
Country: United States – State: Pennsylvania – County: Venango, Centre, and Clearfield
Pennsylvania Home Owner Insurance – Are Homeowner Rates Going Up?
As of September, 2016 insurance rates in Pennsylvania will be going up. With the average county's increase by 1.9%, that means your home owner insurance will have to rise with them! That doesn't sound like a good idea for many people, but what can you do if you don't want to pay more for premiums?
One option is to switch your homeowner policy with another company. Many companies offer discounts for new customer sign-ups, so it may be worth checking out their rates before making your decision! Another option is getting an umbrella policy which adds an extra layer of protection on top of your standard homeowners policy.
The counties with the highest rates of increase are Venango, Centre, and Clearfield. That means if you live in one of those counties, your homeowner insurance will be about 2% higher.
Another factor that affects home owner insurance cost is what state of the house you live in. If your home is in condition that makes it "high-risk", the cost of homeowner's insurance will be higher to cover all possible situations that could happen to it. However, if your home is more "low-risk" insurance rates will go down slightly.
The biggest factor that affects your insurance rates is how much coverage you have for your home. More coverage means higher cost. You can save on homeowner's insurance by increasing the limit of liability, but if you have a lot of money tied up in your home, it may not be worth it. And depending on where you are and what kind of policy you have that can change regularly!
If you aren't looking forward to paying more for homeowner's insurance this year, consider getting an umbrella policy that adds an extra layer of protection and get in contact with the companies in your area to get a better deal!
Content Source: http://www.pennlive.com/penn-insurance/index.ssf/2016/06/pennsylvania_home_owner_insurance_are.html
Resource: http://www.pennlive.com/penn-insurance/index.ssf/2016/06/pennsylvania_home_owner_insurance_are.html
Country: United States – State: Pennsylvania – County: Venango, Centre, and Clearfield
Pennsylvania Home Owner Insurance – Are Homeowner Rates Going Up?
As of September, 2016 insurance rates in Pennsylvania will be going up. With the average county's increase by 1.9%, that means your home owner insurance will have to rise with them! That doesn't sound like a good idea for many people, but what can you do if you don't want to pay more for premiums?
Homeowner Insurance Rates Rising in Pennsylvania As of September 30th, 2016; the average statewide homeowners insurance rate will go up 1.9% in Pennsylvania.
That means the average homeowner will pay $260 more for their policy and may have a tough time making ends meet overall. Something needs to be done!
One option is to switch your policy with another company. Many companies offer discounts for new customers, so it may be worth checking out their rates before making your decision! Another option is getting an Umbrella policy which adds an extra layer of protection on top of your standard homeowners policy. For more information on this we suggest picking up a copy of the June 2016 Consumer Guide from the Pennsylvania Insurance Consumer's Association (PIC).
The counties with the highest rates of increase are Venango, Centre, and Clearfield. That means if you live in one of those counties, your homeowner insurance will be about 2% higher.
Another factor that affects home owner insurance cost is what state of the house you live in. If your home is in condition that makes it "high-risk", the cost of homeowner's insurance will be higher to cover all possible situations that could happen to it. However, if your home is more "low-risk" insurance rates will go down slightly.
The biggest factor that affects your insurance rates is how much coverage you have for your home. More coverage means higher cost.
Conclusion:
You can save on homeowner's insurance by increasing the limit of liability, but if you have a lot of money tied up in your home, it may not be worth it. And depending on where you are and what kind of policy you have that can change regularly!
If you aren't looking forward to paying more for homeowner's insurance this year, consider getting an umbrella policy that adds an extra layer of protection and get in contact with the companies in your area to get a better deal!
New York Home Owner Insurance – Are Homeowner Rates Going Up?
As of September 30th, 2016; the average statewide homeowners insurance rate will go up 1.9% in Pennsylvania.