As we see home insurance premiums on the rise, several trends are driving up prices, including:

• Big storms - There were sixteen storms and climate disasters in 2017 that exceeded $1 billion in damage.
• Material and labor costs - Just in the last year, lumber costs alone have increased by 17%
• Costs of a claim - The average cost of a homeowners claim now exceeds $11,000 and is up over 30% since 2011.