A new report showed that a small portion of American homeowners chose not to purchase homeowners insurance as premiums rise.

<div class="block">A new report showed that a small portion of American homeowners chose not to purchase homeowners insurance as premiums rise.</div>

Stretching Your Dollar

12% of U.S. Homeowners Don't Have Home Insurance

Now on to the headlines that we are following that may impact your wallet as homeowners insurance premiums continue to rise. Most people that own homes are choosing to take the risk and go without home insurance. And altogether according to bank rate, the national average for home owner's insurance which is based on a 250,000 $1000 home increased to $1428 this year. That's up 20% from 2022 and many Americans are struggling to afford the rising costs. 12% of homeowners chose not to purchase insurance this year. According to a recent survey by the insurance Information Institute.