Excessive climate occasions push up insurance coverage charges for Minnesotans
Printed 9:11 pm Thursday, January 2, 2025
By Paul Huttner and Matt Alvarez, Minnesota Public Radio Information
House owner and auto insurance coverage charges are rising quick in Minnesota.
One coverage comparability web site, Insurify, reveals Minnesota’s auto insurance coverage charges had the best year-over-year improve within the nation.
Climbing insurance coverage charges have plagued Minnesotans in recent times, and one of many main elements to the rise in premiums is excessive climate occasions.
“Extra water vapor that’s in our air, that then turns into issues that land on our home — whether or not it’s hail or rain — amplify claims,” mentioned Grace Arnold, who leads the Minnesota Division of Commerce.
“The very best factor is to be ready. Which means: Have conversations together with your insurance coverage brokers. Actually store round. And just remember to’re enthusiastic about your preparation for once we do have these huge storms which might be on account of local weather change.”
