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Natural Disasters Driving Up Home Insurance Costs In Illinois

by Matthew Upton
May 29, 2022
in Home Insurance
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Springfield, IL-(Vandalia Radio)- As Illinois enters the spring storm season, a report shows natural disasters have skyrocketed over the years. Nick VinZant from QuoteWizard looked at natural disasters nationwide going back to 1981 and found that the number of billion-dollar natural disasters has significantly increased.

https://media.socastsrm.com/wordpress/wp-content/blogs.dir/257/files/2022/05/disasters-5-5.mp3

There have been 96 natural disasters in Illinois since 1981.  Severe storms are the most common natural disaster, but the study also found large increases in the number of wildfires, floods and cyclones nationwide. VinZant says as a result, Illinoisans are paying more for their home insurance by 7 percent in just the last year.

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