Why Are Homeowners Insurance Rates Going Up? 
While most states have noticed an increase in property premiums this past year , some have not . California has experienced a decrease . The simple answer is that the insurance premium reflects losses that the companies incur . If the company collects $ 100 and pays out $ 101 they will lose money and in a few similar years , cease to operate . The companies file with the individual state commissioners and have to show their gross premiums , expenses and claims in that state . With that information the commissioner may allow them to adjust their rates . The insurance commissioner is also very interested in the company remaining viable so that it can meet future claims 