St Paul, MN: Insurance premiums have gone off the charts. Deductibles are increasing, and coverages are being lowered, especially for your roof under your wind/hail component.

Homeowners insurance rates are rising due to more frequent and severe natural disasters, higher construction (inflation) and labor costs, insurers pulling out of high-risk areas, increased claims, and climate change driving up reinsurance costs.

Premiums rose 8.7% faster than inflation from 2018-2022, with high-risk states like Florida and Louisiana seeing the steepest increases. Insurance companies didn’t fully budget for the surge in natural disasters, underpriced policies, spiking reinsurance costs, and inflation-driven repair expenses. Losses exceeded projections, leading to premium hikes and market exits, especially in high-risk states.

– Shop around for quotes.

– Include brokers who have any company options, versus just captives (like State farm, Farmers, etc) who only offer their own.

– Bundle home and auto policies (this is big)

– Old roofs cost you a LOT higher premium. Tell your agent if you replace your roof.

– Raise your deductible (Minimum premiums, like 1% of the value are now common)

– Maintain good credit.

– Avoid filing small claims.

– Ask about discounts (e.g., loyalty, new home).

– Understand the cost of that new cars insurance, BEFORE you decide to buy it.

We’d love to shop your insurance for you. Complete the no obligation quote form on this website, or click this direct link. https://reliableinsurancemn.com/insurance-quote/