1. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question! Unfortunately, they probably are. The price for homeowners depends in part upon the cost of building and repairing homes near you, so as construction costs rise, so do premiums. The price can also rise if a number of claims have been filed near you, and if the company is trying to recapture lost profits. Your best bet is to contact a local agent who can help you compare prices, and see if there is one that might be more affordable. You can always gamble and raise your deductible also. Thank you for asking!
    Answered on May 9, 2014
  2. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    Rates depend upon individual states.  They could be moving one way or another in your state.  However, your individual policy may be increasing for some other reasons.   These haven’t anything to do with the state’s rates.  The “fire” rating for you home may have changed based on industry evaluation of homes in your area.  Your policy might have a provision that increases some coverage every year to compensate for the increased cost of reconstruction.  Your home has undoubtedly aged a year and your policy probably adjusts for that.  On an individual basis, a paid claim can affect your premium. 
    Answered on May 9, 2014
  3. 14231 POINTS
    Tom Sheehan
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    On average they are.  Of course  rates can vary state to state and region to region within those states depending upon the type of risk that may be more prevalant.  Coastal areas are more susceptible  to wind and hurricane losses whereas inland plains states might have to deal more with tornadoes or wildfires.  Flooding can occur anywhere and though that is not covered by standard Homeowners policies, homeowners who happen to own property in a higher risk flood zone will be required to purchase Flood Insurance, thus increasing their insurance costs.   Climate change has certainly affected the frequency and severity of certain weather patterns and that has had a direct impact on property losses and therefore insurance premiums.
    Answered on May 9, 2014
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