MOBILE, Ala. (AP) - A new report shows Alabamians are still
paying more than the national average for homeowners insurance, but
premiums aren't rising as fast as the spikes seen since 2002.
The National Association of Insurance Commissioners says the
average premium for a homeowners policy in Alabama rose 1.2
percent, or $11, to $904.
Homeowners nationwide paid an average of $822, up 2.2 percent
from 2006. It was the first time in five years that Alabama's
premiums rose by a smaller percentage than those nationally. The
Press-Register reports that Alabama homeowners have gone from
paying 10 percent less than the national average in 2002 to 10
percent more in 2007.
Information from: Press-Register,
(Copyright 2010 by The Associated Press. All Rights Reserved.)
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