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According to the HomeInsurance.com RateReport, average 12-month U.S. home insurance premiums fell from December 2012 to December 2013. The average annual premium in December 2013 was about $823, down 9.5 percent from the $900 average at the end of 2012. Premiums had increased for three years in a row before that.
The average price of home insurance fell despite an increase in the median price paid for existing homes, according to the National Association of REALTORS®. The organization says the national median for existing homes in November 2013 was $196,300, up 9.4 percent from the same month in 2012.
The average 12-month cost of home insurance has fallen every month since March 2013. "We think policyholders benefit greatly by...
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