Reasonable Homeowner's in N Central AR
I just yesterday got a new policy on my homeowners and vehicles with Travelers. I HAD been paying over $400 a year and the rate jumped $300 to over $700 with Farmers so I started shopping. State Farm was over $600. Allstate was a little better, but I checked with an insurance broker and she found that Travelers would insure the house for under $300 a year if I had at least one vehicle insured with them. I have excellent credit and no claims and that was part of the reason. They do not, however, insure rentals so I took that business to State Farm along with 2 other vehicles. It is a hassle to have 2 companies and probably a little disadvantage, but not enough to keep me from saving over $400 on just my homeowners alone so I went with it. Comparable coverage and fantastic rate. Should travelers increase, I will again shop. It seems insurance companies price themselves out of a person's business even without any claims (I had one claim on one rental in MANY years coverage) and I do not understand that so I just keep shopping when they outprice themselves. Farmers lost over $3000 a year in insurance premiums by raising my homeowners so high. Seems a little "stupid" to me when I have had only one claim in so many years. I know all the floods and tornados, etc. has been a financial burden on them, but if they raise all our rates, we will just shop for better rates and they lose the GOOD customers. NOT smart on their part!
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