Tag: Homeowners Insurance Rates

How Much Does Home Insurance Cost?

6 Factors That May Impact Your Homeowners Insurance Rates This post is part of a series of insurance blogs on Safeco.com showcasing the expertise of independent insurance agents and aimed at helping you understand important insurance coverages and issues. A 2010 oceanfront home in Florida and a 1910 farmhouse in Ohio – they need different insurance coverage, so they’re going to have different insurance costs....

Why Are Homeowners Rates Increasing?

The short answer: weather and shared risk. When a wave of major storms strikes Ohio, or anywhere in the U.S. for that matter, your carrier uses insurance premiums to pay claims to help customers, like you, recover. If they expect more storms, your rates increase. Ohio has been rocked with several devastating storms the past few years, from hail storms to tornadoes. Simply stated, a...