News

Nationally, homeowners insurance rates jumped 11.4% in 2024, with double-digit increases reported in the last two years.

While most homeowners are familiar with common risk areas and the technologies designed to mitigate them, relatively few have implemented these solutions in their own homes, according to The Hanover.

A record 6.8% of all home insurance customers are actively shopping for new policies in 2024, yet only 2.2% of homeowners switched policies as a result.

As auto insurance shopping rates rose during the fourth quarter of 2023, carrier retention rates dropped.