California Homeowners Face Premium Surge

California homeowners brace for the biggest premium jump in the nation next year—16%—four times the national average, fueled by soaring wildfire damage costs. Despite the hike, premiums will still remain below the national average thanks to state regulations. Those without private coverage can turn to the FAIR Plan, which is expected to climb 29%. At around $2,843, California’s average policy ranks 21st nationally, far below states like Florida ($8K+) or Louisiana/Oklahoma ($5K+). California also offers more coverage per dollar, making it more affordable relative to other states. Even when compared to household income, the burden is lighter than the national average. Surprisingly, despite rising costs, California still has a lower rate of uninsured homeowners, showing many still see insurance as essential protection. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/afa52fcb0aad7ca8