As inflation rises, so are home insurance premiums at double the rate. In recent news, home insurance rates in places such as Arkansas have increased by 18.1%, and Washington and Colorado by 17.5%. Oklahoma has the most significant premium increase at a $257 average premium. From May 2021 to May 2022, the price of goods and services has increased by 8.6%. In correlation, home insurance has also increased its costs, with over 13 states seeing average premium increases over 50

Even the best home insurance won’t pay for every kind of hurricane damage.