When Peter McClure and his family purchased their home in Severance in 2021, insuring the property cost $1,584 a year.
Initially, he viewed Colorado’s property taxes and insurance costs as a bargain compared to California, the state he left behind. That didn’t last long. After years of repeated hikes, McClure’s most recent quote from Nationwide Insurance was $11,300, seven times more than what he was charged when he first moved in.
“I took it as they don’t want my business. I didn’t even try to talk to them,” said a frustrated McClure…