re: My homeowners premiums over the last 3 years

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TeddyPadillac

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Or do you want the government to control it since it does such a good job with everything else?

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Although is not unusual for the residents of European countries to purchase automobile insurance, homeowners insurance, and health insurance, not everyone is spending the same amount. In fact, these amounts can vary considerably, depending on the country. These differences are not only due to the local economic circumstances, but also to the type of insurance culture that exists.


Curiously, while the United Kingdom has a highly developed insurance industry and is often considered to be Europe’s insurance capital, it is not the country where the residents spend the most on insurance. That distinction goes to the Netherlands, where the average resident spends $5,022 per year, according to a report from MAPFRE Economics entitled “The Spanish Insurance Market in 2020”. The United Kingdom does take second place, however, with the average UK resident spending about $4,500 per year on insurance. This is also the European country where the insurance industry plays the most significant role in the economy, with insurance premiums representing 11.1% of the Gross Domestic Product (GDP). In the Netherlands this percentage is lower at 9.6%, despite the higher level of per capita spending.

Which European country has the third highest level of insurance spending? That would be France. However, this is more of a distant third, compared to difference that separates the top two countries. Each resident of France spends about $3,300 per year, followed closely by the Germans, who on average spend $3,108. The rest of the European countries have per capita spending figures below $3,000. Italy takes the fifth position, with the average Italian spending almost $2,700 each year on insurance, followed by Spain with approximately $1,400 spent on average. Even though these are the top two Mediterranean countries in terms of spending, the residents of Italy and Spain spend significantly less than their neighbors to the north.

If we expand our focus worldwide, we see that the residents of Hong Kong spend the most on insurance, with the average resident spending $9,746 per year. Not surprisingly, Hong Kong is also the place where insurance premiums represent the highest percentage of the GDP, at 20.8%. The United States occupies the second position worldwide, with spending at a level of $7,643 per person, and with the insurance industry representing 12% of the country’s GDP. Taiwan also has a high per capita spending figure at $4,800 per year, with its insurance industry also representing a significant portion of the economy at 17.4%.

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Grand isle, it's 20+ a year. Real estate agent said only people buying are cash buyers

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I'm not saying it's impossible that OP can't find better insurance, but having that large of a jump in 3 years and claiming there isn't any better options just seems far fetched to me.

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