Complete Story
03/03/2024
'Everything is Rising at a Scary Rate'
Car and home insurance costs are surging
Ezra Croft has never filed an insurance claim, and his house in Raleigh, North Carolina is not close to a stormy coastline or a fire-prone forest.
So, Croft was surprised when his annual homeowner's insurance premium shot up to $1,600, or $700 dollars more than he was paying in 2022.
"I'm a middle-income guy," Croft said. "[I] don't make a ton of extra money. At this point, I'm teetering on the point of inaffordability."
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