If you live in Colorado and continue to see your home insurance premium go up, you’re not alone.
TheZebra.com, a company that specializes in insurance comparison, ranks Colorado number five as the most expensive state in the country when it comes to insurance premiums, with average annual costs at $4,586.
“It isn’t always personal,” Beth Swanson, an insurance analyst for TheZebra.com, told News5. “Sometimes it feels like an attack on your budget and your way of life. But thinking about it from a business perspective and a risk perspective, it’s important to keep in mind that insurance companies are in business to help us with our risk, and they can only stay in business if they charge the appropriate amounts to help make up for the claims that people have. So basically, as risk increases, everyone’s homeowners insurance and car insurance is going to continue increasing.”…