Homeowners insurance rates are likely to rise again in 2024 as a combination of inflation and severe weather cause costs to rise, according to a recent analysis by Insurify. Nationwide, rates are expected to rise by 6% this year, to an average of $2,522 by the end of the year. This year’s increase is expected to slow a bit from the pace of the 2021 to 2023 period, when rates jumped 19.8%.
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