Home Insurance Rate Increases At 6-Year Low
NU Online News Service, March 1, 2:53 p.m. EST?Homeowners insurance rates are going up less this year because of smaller and fewer claims, according to the Insurance Information Institute.[@@]
I.I.I. said the 2.5 percent rate increase projected for home insurance in 2005 is the smallest in six years. The projected increase, the institute said, represents a continuing slowdown from 2004 when homeowners insurance costs rose by an estimated 3.8 percent.
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