Homeowners' insurance rates (for homes under $1 million) are up 4% since last September, a National Alliance for Insurance Education and Research pricing survey revealed.
According to the survey, automobile and personal articles overages were up compared to this time last year. While homeowners' rates for homes under a $1 million were up 4%, rates for homes over $1 million in value were up 3%. Similarly, automobile and personal articles rates were up 2% and 1% respectively.
Although rates are up compared to this time last year, the study also revealed that coverages are down when comparing rates from August to September. While automobile rates were up 3% in August, they were only up 2% in September. Similarly, personal articles coverages were up 2% in August, but only 1% in September.
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