Staggering surge in California insurance costs seen across state as new map reveals hardest hit areas

Source: New York Post

Homeowners in California are getting beat up by staggering insurance costs and a new map proves that the hardest hit areas are the ones with the highest wildfire risk. A new report from Stanford University’s Climate and Energy Policy Program proves what residents in the Golden State have been saying, that in order to insure their homes the average homeowner is paying a whopping 84% more per year than they did in 2020. Between 2020 and 2026, the average monthly insurance premium jumped up $90 a month, per the study.