Latest news with #Insurify
Yahoo
2 days ago
- Business
- Yahoo
These 9 States Have the Cheapest Home Insurance — but Are They Affordable To Live In?
Home insurance prices are up across the U.S. as insurance companies both try to recoup incredible losses from the last few years and brace for more losses as climate-related disasters intensify. Recent research by Insurify found that there is no state where home insurance prices are not going up in 2025. Find Out: Read Next: How much home insurance rates are rising and how high they'll go depends entirely on your location. All states bear exposure to extreme weather events and the perils of climate change, but some states are less vulnerable to date than others. Home insurance prices in these states are going up less aggressively. But are the nine states with the cheapest home insurance rates (based on 2024 costs) affordable to live in? To find out, we found the average cost of a home in each state, along with the cost of housing, as compared to the national average. New Jersey 2024 average annual home insurance premium: $1,674 2025 projected average annual home insurance premium: $1,773 Cost of housing, as compared to the national average: 44% higher Average home value in 2025: $569,314 Learn More: West Virginia 2024 average annual home insurance premium: $1,656 2025 projected average annual home insurance premium: $1,744 Cost of housing, as compared to the national average: 27% lower Average home value in 2025: $169,928 Maine 2024 average annual home insurance premium: $1,641 2025 projected average annual home insurance premium: $1,688 Cost of housing, as compared to the national average: 1.2% lower Average home value in 2025: $416,948 Oregon 2024 average annual home insurance premium: $1,617 2025 projected average annual home insurance premium: $1,807 Cost of housing, as compared to the national average: 39% higher Average home value in 2025: $507,256 Delaware 2024 average annual home insurance premium: $1,607 2025 projected average annual home insurance premium: $1,693 Cost of housing, as compared to the national average: 5% lower Average home value in 2025: $405,948 New Hampshire 2024 average annual home insurance premium: $1,556 2025 projected average annual home insurance premium: $1,608 Cost of housing, as compared to the national average: 24.6% higher Average home value in 2025: $507,081 Hawaii 2024 average annual home insurance premium: $1,548 2025 projected average annual home insurance premium: $1,808 Cost of housing, as compared to the national average: 206% higher Average home value in 2025: $833,984 Alaska 2024 average annual home insurance premium: $1,470 2025 projected average annual home insurance premium: $1,543 Cost of housing, as compared to the national average: 28% higher Average home value in 2025: $377,447 Vermont 2024 average annual home insurance premium: $1,209 2025 projected average annual home insurance premium: $1,248 Cost of housing, as compared to the national average: 27% higher Average home value in 2025: $403,432 More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 8 Common Mistakes Retirees Make With Their Social Security Checks 9 Downsizing Tips for the Middle Class To Save on Monthly Expenses This article originally appeared on These 9 States Have the Cheapest Home Insurance — but Are They Affordable To Live In? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Automotive
- Yahoo
These US States Had The Most Car Crashes Last Year
Causation? Correlation? Coincidence? It's hard to tell, but the fact of the matter is that Boston drivers were once again declared the worst this year, and the city has extended its deal to let AI manage its terrible traffic. So it's probably no surprise to discover that, according to Visual Capitalist, using Insurify data, Massachusetts has the highest rate of car crashes in the country. Based on the number of accidents per total number of drivers, the Bay State is on top the leaderboard with a score of 6.1%. And whatever's affecting Massachusetts drivers seems to be spreading throughout New England, since New Hampshire, Rhode Island, and Maine were ranked 2 through 4 with accident rates of 5.8%, 5.6%, and 5.4%, respectively. The state with the lowest accident rate was Michigan, at a mere 1.7%. Another oddity of the numbers: Fewer crashes don't seem to make an impact on states' insurance rates. Michigan has the highest insurance rates in the country, with Mitten State motorists paying some 80% more than the nationwide average. Read more: These Are The Cheap Cars That Consumer Reports Actually Recommends Buying These Cars Had The Highest Crash Rates Last Year The same Insurify data also shows what cars and trucks were involved most often in those crashes, and the results may not be what you expect: Four of the 10 vehicles with the highest accident rates — not the highest number of accidents total — were EVs. Leading the way was the Kia Soul EV, while the Chevrolet Bolt EUV finished third, the Volkswagen ID.4 came in fifth, and Chevy's Bolt EV came out in the eighth position. (The Bolt EUV is the inexpensive and spacious crossover version of the Bolt EV.) It's a guess, but perhaps people were still getting used to the instant torque and quick acceleration of electric vehicles? Anyway, filling out the list were the MazdaSpeed3 (No. 2), Jeep Wrangler Unlimited (No. 4), Jeep Wrangler YJ (No. 6), Hyundai Ioniq Hybrid (No. 7), Ram 2500 (No. 9), and Chrysler Voyager (No. 10). Oddly, Insurify reported on the same topic in 2023, with completely different results. That year, using the percentage of drivers with a prior at-fault accident on their records, the list of "Car Models with the Most Accidents" had exactly zero of the models mentioned in 2024. The 2023 vehicles were, starting with the most accident prone, the Audi S4, Scion iA, Chevrolet Volt, Hyundai Veloster N, Toyota GR86, Subaru WRX, Subaru XV Crosstrek, Chevrolet Silverado LD, Kia Niro, and Subaru Impreza. These Cars Had The Most Fatal Accidents Of course, the word "accident" can cover a broad range of possibilities, and a minor fender-bender isn't anything like a serious crash. Ranking cars based on the number of fatalities per billion miles driven, the vehicle most likely to leave someone dead in an accident is — according to iSeeCars — the Hyundai Venue. Following the Venue are the Chevrolet Corvette, Mitsubishi Mirage, Porsche 911, and Honda CR-V Hybrid. Now, you've probably noticed one big name missing from that previous discussion: Tesla. Despite the occasional fiery Cybertruck crash, and a reputation for having some of the country's worst drivers, the brand was conspicuously absent from the Insurify data. And while ISeeCars noted that Tesla as a brand had the highest rate of fatal accidents — with Kia, Buick, Dodge, and Hyundai following — Tesla's Model Y and S were only #6 and #21 in the rankings on iSeeCars' list of vehicles. The Mitsubishi Mirage G4, Buick Encore GX, Kia Forte, and Buick Envision closed out the top 10. You can see how some of this happens, since the Corvette, 911, and Teslas are high-performance cars likely to be traveling fast, while the Mitsubishis, Forte, and Encore GX are on the smaller side. So they're all likely to lose out in a crash with a big truck or SUV. The good news? The National Highway Traffic Safety Administration estimates that the number of annual auto fatalities fell by 3.8% in 2024, with the total dropping under 40,000 for the first time in four years. Want more like this? Join the Jalopnik newsletter to get the latest auto news sent straight to your inbox... Read the original article on Jalopnik.
Yahoo
4 days ago
- Business
- Yahoo
Minnesotans can expect their home insurance to spike 15% this year, says new study — but many say it's already happening
A new study by Insurify is projecting a hike in homeowners insurance premiums — and Minnesotans will be particularly hard hit. Indeed, says that Minnesotans will face the fifth-highest rise in homeowners insurance premium rates in the country by the end of this year. But some are saying it's already happening. Natalie Beazer, along with her sister, Noleene Counts, searched far and wide for an accessible multi-generational home in Rogers, MN. Beazer told 5 Eyewitness News that 'it was just struggle after struggle after struggle.' Then, finally finding a potential new home, they struggled to find an affordable homeowners insurance policy. 'It's still ridiculously high,' Counts told 5 Eyewitness News. Their 'affordable' policy is around $4,000 a year, which is double what they were paying to insure their previous home. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) You don't have to be a millionaire to gain access to this $1B private real estate fund. In fact, you can get started with as little as $10 — here's how How extreme weather is fueling insurance price hikes Minnesotans can expect to spend about 15% more this year on their homeowners policy, according to an Insurify report. Realtor Amanda Cox Zuppan told 5 Eyewitness News that her clients are already seeing higher premiums. 'We're seeing premiums double and even triple at this point, and it really is affecting affordability for home buyers … specifically first-time home buyers or lower-income home buyers who are already struggling to come up with those monthly payments.' What's behind these sharp increases? The weather. In 2024, there were 27 confirmed weather or climate disaster events in the U.S. with losses exceeding $1 billion each, according to the National Centers for the Environmental Information (NCEI). But insurers need to stay profitable, so they're passing on the cost of higher claim payouts to customers through higher premiums. The average annual cost of home insurance is predicted to increase 8% to a national average of $3,520 by the end of the year, according to Insurify. That would translate to an estimated $261 over the next 12 months. But some states, like Minnesota, will pay more than others. 'Areas that are more sensitive to climate risks will naturally experience sharper insurance increases, but even less disaster-prone areas will see insurance premiums rise simply due to the fact that repairs have become more costly,' said Joel Berner, senior economist at in a trends analysis piece. 'Labor and material costs continue to grow,' he added, 'which puts insurers in a position where they have to pay out more for full-replacement claims and therefore have to charge higher premiums.' From hurricanes and tornadoes, to hail, flooding and wildfires, some parts of the country are becoming hard to insure. Floridians continue to pay the highest home insurance premiums, which are expected to rise to $15,460 by the end of the year — that's a 9% increase. The biggest culprit? Hurricanes. California homeowners will see their premiums jump 21%, thanks to factors such as the Palisades and Eaton fires. But Louisiana's premiums are rising the fastest. However, homeowners in every state will see price increases from 2% to 27%. Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says — and that 'anyone' can do it What can Minnesota homeowners do? Mark Kulda, former Insurance Federation of Minnesota spokesperson, told 5 Eyewitness News in a previous newscast that an increase in storms in the state is largely to blame for the increase in premiums. 'All of a sudden, in 1998, someone [flipped] the switch, and we had year after year after year of billion-dollar-plus storms come… Now, we have six billion-dollar storms in one year,' he said. 'They're stronger, they're more intense, they're more frequent, and it's costing everybody more money.' Since 1980, Minnesota has experienced 58 weather disasters that have caused an estimated $20 to $50 billion in damages, according to the Insurance Federation of Minnesota, a non-profit state insurance trade association. So what can homeowners do about this? After all, they can't exactly control the weather. The Insurance Federation of Minnesota says they can start by reviewing their homeowners insurance coverage. It may make sense to shop around and compare policy options from different providers or bundle it with other policies from the same provider. The National Association of Insurance Commissioners offers a Consumer Insurance Search tool to help research specific insurance companies, including complaint data. But in high-risk areas, some insurers may stop selling policies altogether. However, the Minnesota Fair Access to Insurance Requirements (FAIR) Plan can help. The FAIR Plan provides 'basic and affordable property insurance' to homeowners 'without regard for environmental hazards.' And, while it hasn't yet launched, the Strengthen Minnesota Homes program will (eventually) provide financial assistance to homeowners 'to improve the resilience of their homes to protect against extreme weather events such as high wind and hail.' What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Accredited investors can now buy into this $22 trillion asset class once reserved for elites – and become the landlord of Walmart, Whole Foods or Kroger without lifting a finger. Here's how Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Minnesotans can expect their home insurance to spike 15% this year, says new study — but many say it's already happening
A new study by Insurify is projecting a hike in homeowners insurance premiums — and Minnesotans will be particularly hard hit. Indeed, says that Minnesotans will face the fifth-highest rise in homeowners insurance premium rates in the country by the end of this year. But some are saying it's already happening. Natalie Beazer, along with her sister, Noleene Counts, searched far and wide for an accessible multi-generational home in Rogers, MN. Beazer told 5 Eyewitness News that 'it was just struggle after struggle after struggle.' Then, finally finding a potential new home, they struggled to find an affordable homeowners insurance policy. 'It's still ridiculously high,' Counts told 5 Eyewitness News. Their 'affordable' policy is around $4,000 a year, which is double what they were paying to insure their previous home. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) You don't have to be a millionaire to gain access to this $1B private real estate fund. In fact, you can get started with as little as $10 — here's how How extreme weather is fueling insurance price hikes Minnesotans can expect to spend about 15% more this year on their homeowners policy, according to an Insurify report. Realtor Amanda Cox Zuppan told 5 Eyewitness News that her clients are already seeing higher premiums. 'We're seeing premiums double and even triple at this point, and it really is affecting affordability for home buyers … specifically first-time home buyers or lower-income home buyers who are already struggling to come up with those monthly payments.' What's behind these sharp increases? The weather. In 2024, there were 27 confirmed weather or climate disaster events in the U.S. with losses exceeding $1 billion each, according to the National Centers for the Environmental Information (NCEI). But insurers need to stay profitable, so they're passing on the cost of higher claim payouts to customers through higher premiums. The average annual cost of home insurance is predicted to increase 8% to a national average of $3,520 by the end of the year, according to Insurify. That would translate to an estimated $261 over the next 12 months. But some states, like Minnesota, will pay more than others. 'Areas that are more sensitive to climate risks will naturally experience sharper insurance increases, but even less disaster-prone areas will see insurance premiums rise simply due to the fact that repairs have become more costly,' said Joel Berner, senior economist at in a trends analysis piece. 'Labor and material costs continue to grow,' he added, 'which puts insurers in a position where they have to pay out more for full-replacement claims and therefore have to charge higher premiums.' From hurricanes and tornadoes, to hail, flooding and wildfires, some parts of the country are becoming hard to insure. Floridians continue to pay the highest home insurance premiums, which are expected to rise to $15,460 by the end of the year — that's a 9% increase. The biggest culprit? Hurricanes. California homeowners will see their premiums jump 21%, thanks to factors such as the Palisades and Eaton fires. But Louisiana's premiums are rising the fastest. However, homeowners in every state will see price increases from 2% to 27%. Read more: Want an extra $1,300,000 when you retire? Dave Ramsey says — and that 'anyone' can do it What can Minnesota homeowners do? Mark Kulda, former Insurance Federation of Minnesota spokesperson, told 5 Eyewitness News in a previous newscast that an increase in storms in the state is largely to blame for the increase in premiums. 'All of a sudden, in 1998, someone [flipped] the switch, and we had year after year after year of billion-dollar-plus storms come… Now, we have six billion-dollar storms in one year,' he said. 'They're stronger, they're more intense, they're more frequent, and it's costing everybody more money.' Since 1980, Minnesota has experienced 58 weather disasters that have caused an estimated $20 to $50 billion in damages, according to the Insurance Federation of Minnesota, a non-profit state insurance trade association. So what can homeowners do about this? After all, they can't exactly control the weather. The Insurance Federation of Minnesota says they can start by reviewing their homeowners insurance coverage. It may make sense to shop around and compare policy options from different providers or bundle it with other policies from the same provider. The National Association of Insurance Commissioners offers a Consumer Insurance Search tool to help research specific insurance companies, including complaint data. But in high-risk areas, some insurers may stop selling policies altogether. However, the Minnesota Fair Access to Insurance Requirements (FAIR) Plan can help. The FAIR Plan provides 'basic and affordable property insurance' to homeowners 'without regard for environmental hazards.' And, while it hasn't yet launched, the Strengthen Minnesota Homes program will (eventually) provide financial assistance to homeowners 'to improve the resilience of their homes to protect against extreme weather events such as high wind and hail.' What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Accredited investors can now buy into this $22 trillion asset class once reserved for elites – and become the landlord of Walmart, Whole Foods or Kroger without lifting a finger. Here's how Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Auto Blog
5 days ago
- Automotive
- Auto Blog
Have Cars Lost Their Appeal for Gen Z Drivers?
By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. View post: Toyota and Kia Will Love What Honda Just Did to the Odyssey's Price Gen Z drivers are stressed, but not ready to hand over the wheel Gen Z may be known for embracing innovation, but when it comes to cars, they're hitting the brakes. A new survey by Insurify found that while 93% of Gen Z drivers report stress behind the wheel, nearly two-thirds aren't ready to give up control to a self-driving car. Most still prefer a human — ideally themselves — in the driver's seat. 0:06 / 0:09 2025 Ford Maverick: 4 reasons to love it, 2 reasons to think twice Watch More That statistic reveals a deeper generational shift. Cars were once symbols of freedom and independence. For Gen Z, they're often expensive necessities, fraught with financial pressure, safety concerns, and the constant distraction of life in the digital age. They may be the most tech-savvy generation yet, but that doesn't mean they're eager to trust a machine to navigate traffic or make life-or-death decisions at 70 mph. Insurify's survey, which polled 1,002 Americans between the ages of 22 and 28, paints a complex picture: Gen Z drivers are cautious, cost-conscious, and skeptical of automotive hype. They're open to electric and autonomous technology, but only if it makes sense financially and earns their trust on the road. Distracted, anxious, and still driving anyway Even though reckless drivers top the list of Gen Z's biggest stressors, that hasn't stopped many from contributing to the chaos themselves. A striking 68% of Gen Z drivers admit to distracted driving behaviors related to texting, even as they worry about the very dangers such habits cause. Forty percent of respondents said they fear injuring someone else while driving, and 52% of those who said they'd reply to a text while behind the wheel also named reckless drivers as a key source of stress. Close-up of a Tesla Model 3 driving down a highway on autopilot. — Source: Getty Images This isn't just a case of do-as-I-say hypocrisy. It's a window into a generation raised on multitasking, used to constant connectivity, and navigating a culture where glancing at a phone feels second nature. Research from Cambridge Mobile Telematics found that drivers aged 18 to 29 are 68% more likely to use FaceTime while driving compared to the general population. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Advanced safety technology in cars, like lane-keeping assistance and automatic braking, was intended to help reduce accidents. But in some cases, it may be making drivers more comfortable with risky behaviors. The Insurance Institute for Highway Safety found that the more drivers rely on these systems, the more likely they are to multitask or take their eyes off the road. In a sense, technology is enabling the very behavior it's meant to prevent. Gen Z doesn't trust self-driving cars, at least not yet Despite their high stress levels and digital fluency, Gen Z is far from sold on autonomous vehicles. According to the survey, just 17% said they'd be willing to buy a self-driving car. Another 7% said they dislike driving and would gladly let the car take over, but the vast majority either don't trust the technology or don't know enough about it to feel safe. A Waymo car stopped in front of a crosswalk — Source: Waymo Concerns range from technical glitches to cybersecurity risks. One respondent summed it up bluntly: 'I don't like that someone can hack them if they want to.' Others pointed to the still-spotty safety record of autonomous vehicles. Recent high-profile issues with Tesla's robotaxi rollout in Austin have only deepened skepticism, even as companies like Waymo expand into cities like Los Angeles, Atlanta, and San Francisco. Interest varies by geography. Gen Zers in places like New York, Georgia, and Florida were more likely to say they'd consider buying a self-driving car. But even in those states, the tech has yet to win widespread trust. In New York, self-driving vehicles remain illegal for now, although legislation to change that is under consideration in the state senate. EVs are popular, but Gen Z won't pay extra for them While Gen Z's hesitation about self-driving tech stems from safety concerns, their relationship with electric vehicles is more about dollars and cents. This generation is more environmentally conscious than any that came before, but that doesn't mean they can afford to stretch their wallets for sustainability. 2026 Hyundai IONIQ 6 N Line — Source: Hyundai The Insurify survey found that 44% of Gen Z drivers said the recent elimination of the federal EV tax credit would affect their decision to buy an electric vehicle. Some 18% said they would reconsider purchasing an EV without the credit, while 11% said they simply wouldn't buy one at all. Given how much more it costs to own and insure an EV, those numbers aren't surprising. On average, Gen Z drivers pay $5,328 per year to insure an EV — nearly $2,000 more than the cost to insure a gas-powered car. Although EV prices have been falling, they're still often priced above comparable gas-powered vehicles. In May 2025, the Tesla Model Y — one of the most popular EVs — was about $5,000 more expensive than the industry-wide average for a new car. Regional differences play a role, too. Gen Zers in the Northeast and West were more likely than those in the Midwest and South to say the tax credit would influence their buying decision. That could reflect broader EV adoption trends in states like California, Oregon, and New York, where public charging infrastructure is stronger and incentives are more robust. So what are Gen Z drivers buying? Despite their digital savvy and climate concerns, most Gen Z drivers aren't in Teslas or EV startups. According to Insurify's data, their top three most popular vehicles are the Honda Civic, Honda Accord, and Toyota Camry — all compact, fuel-efficient sedans that offer hybrid options and relatively low insurance premiums. 2025 Honda Civic Sedan — Source: Honda These aren't the cars of flashy social media influencers or high-end tech launches. They're affordable, reliable, and practical, the kind of cars that get you from point A to B without breaking the bank. In a time when many young adults are struggling with student loans and high rent, it's no wonder these modest models dominate the Gen Z garage. This choice speaks volumes about what Gen Z values in a car: cost, efficiency, and dependability. EVs and self-driving cars may represent the future, but right now, most Gen Z drivers are focused on simply getting through the present. Final thoughts It would be wrong to say Gen Z has fallen out of love with cars entirely, as most still own or lease one, but the emotional attachment has faded. Driving isn't a source of freedom or status for this generation — it's a source of stress, responsibility, and risk. 2023 Honda Accord Touring — Source: Honda While they're not yet ready to let go of the wheel, they're also not rushing to upgrade for the sake of novelty. Trust matters, and affordability matters even more. That's why Gen Z is slow to adopt self-driving cars, hesitant about EVs without financial incentives, and largely sticking with compact, fuel-efficient vehicles with proven track records. What's emerging is a more cautious, grounded relationship with driving, one that prizes value over flash, and control over convenience. As carmakers push forward with futuristic concepts, they'd be wise to keep an eye on what this generation is actually asking for: safety, affordability, and a little less stress on the road. About the Author Elijah Nicholson-Messmer View Profile
