Minnesota home insurance to jump 15%, report warns

What they're saying: Insurify, an insurance comparison service, cited a sixfold increase in the number of billion-dollar disasters in Minnesota in the past three years compared to the 2010s as driving force for the hikes.

• Hail has been a major factor, and one of the most recent storms brought near-record-size stones in late July.

Zoom out: Insurance rates are expected to increase 8% across the country this year. With Minnesota outpacing that number, it will move up to the 14th highest average premiums in the country.

• It could be worse: Florida's average annual premium is expected to reach $15,460 this year, which is nearly quadruple Minnesota's rate.