Home Insurance Costs: How Rising Premiums Are Affecting Household Budgets

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When most people think about buying a home, they focus on the mortgage payment. But your monthly housing costs go far beyond that. Property taxes, maintenance, homeowners association fees, and especially insurance can add hundreds of dollars to your budget each month. Home insurance has become a growing affordability concern in many states. Rising repair costs, expensive building materials, and exposure to severe weather have pushed premiums higher. Nationwide, homeowners with a mortgage spend around $200 per month on insurance - about 8.5% of their total housing costs. Some states face much g