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Washington Homeowners Face Rising Insurance Costs | Spokane News
Washington homeowners are feeling the heat as insurance rates soared 55% between 2020 and 2025—ranking the state 13th worst in the nation. The biggest jumps happened recently, with 16% in 2023 and another 21% in 2024, driven by skyrocketing claim costs that doubled from $941 million in 2018 to over $2 billion annually. Rising construction costs and climate-driven disasters like wildfires and floods fueled the spike. But there’s a silver lining: rate hikes are slowing, with just under 9% growth in 2025 and even slight declines this year, signaling insurers may finally be gaining control of…
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