Georgia's deputy insurance commissioner: Home insurance premiums likely to continue increasing
Private residences sit across from SunTrust Park, the Atlanta Braves' new baseball stadium in Atlanta, Wednesday, March 29, 2017. (AP Photo/David Goldman)
Georgia homeowners might have noticed their premiums are on the increase. Overall, rates are up 6% this year, according to a recent survey.
The report also found that Georgia has experienced a 189% increase in billion-dollar natural disasters over the last 20 years.
This is a trend that’s been ongoing for a while now, according to Steve Manders, deputy insurance commissioner for the state of Georgia.
Manders joined “All Things Considered” to talk about the ever-increasing insurance costs and what’s driving the increases.
Christopher Alston contributed to this report.
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