Alongside surging gas prices and a stubbornly high grocery bill, home insurance premiums have also been creeping up over the last few years. In the last year alone, average home insurance rates climbed 6%, according to the Federal Reserve Bank of St. Louis. That's more than double the overall pace of inflation for the same time period.
For those who are retired or near it, the idea of runaway premiums eating up more and more of your fixed income might feel daunting. Fortunately, there are steps you can take now to reign in rising rates.
