States that experience severe weather damage and high car theft rates will see premium jump as much as 61 percent. Three states, in particular, could see rates increase by more than 50 percent by the end of the year, according to a report.
According to a new report from Insurify, the increases are due to a number of factors, including severe storms, wildfires, and car thefts. For example, the Midwest experienced a supercell last year that produced golf ball-sized hail, heavy rains, and tornadoes. In Minnesota, the hail reached baseball-sized proportions. As for California, well, it has a tendency to burn.
