Nice move Home Owners Insurance
Last year’s premium: $1076.00
This year’s premium: $1428.00
That’s a 33% increase year over year. I called up MetLife and asked them what the reason for the increase was. I was told that 1) 6-7% account for inflation and 2) insurance premiums in New Mexico were “adjusted”. Funny that they are always “adjusted” upwards and never downwards.