US home insurance rates will hit a record high this year, according to grim new forecasts. The typical annual premium will rise to $2,522 by the end of 2024, according to insurance comparison platform - up 6 percent on a year before.This projected increase for 2024 comes on the back of a 20 percent hike over the last two years. This has largely been driven by escalating natural disasters, - which cuts down on competition - and higher fees for home repairs.
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