(The Center Square) – Already faced with the second-highest property taxes in the nation, a new report shows just how challenging it is for Illinoisans to own a home.
The Consumer Federation of America released a new report that shows Illinois homeowners saw their insurance premiums increase by an average of 50% over the past three years. Only Utah (56%) was higher.
The study authors of “Overburdened: The Dramatic Increase in Homeowners Insurance Premiums and its Impacts on American Homeowners” used proprietary industry data purchased for this research to evaluate the growth in insurance premiums for typical homeowners in every ZIP code in the country.
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Douglas Heller, CFA director of Insurance, said the increases come as the U.S. property and casualty insurance industry sits on a
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