Does Home Insurance Go Up?

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   Paul Nelson

   Owner, Paul Nelson Insurance Services, Santa Cruz, CA

   Home insurance rates can fluctuate each year depending on industry trends from the past few years. If you live in an area that has been hit by catastrophic storms or fires in the last couple years then chances are your entire area will see increases. The opposite is true as well; if your area and terrain are low risk then you may see decreases year over year. Keep in mind that over time the cost to rebuild your home increases regardless, just as the cost for everything else in life increases.

   Answered on June 14, 2013

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