Rates for private auto and homeowners' insurance continued to rise in 2013, according to “RateWatch,” a competitive intelligence report from Perr&Knight, an insurance consulting services company.
Top 5 states for auto insurance hikes:
- Michigan, 8.6 percent
- Georgia, 5.2 percent
- New York, 4.3 percent
- Delaware, 4.3 percent
- Nevada, 4.1 percent
Top 5 states for homeowners’ insurance hikes:
- Oklahoma, 12.1 percent
- Florida, 11.0 percent
- Kentucky, 10.9 percent
- Kansas, 10.3 percent
- North Carolina, 10.1 percent