Auto/Home Insurance recommendation (2013)

[10scoachrick]

Originally Posted by calel

Yup, you called it. Just got my renewal notices. Auto went up a smidge. The house jumped by $300 because they're also fooling around with their "plans" and increased my overall covered amount by $20,000 for some strange reason. Time to drop them for someone else.

I'll give Watkins a call. I might also amuse myself by calling up USAA for a quote again. Maybe they'll surprise me.

Can't hurt to check with them. They handled the switch from our house to the new condo/TH and made sure we were covered during the 21 days that we occupied both. As it turns out, we're staying with Kemper for home and auto since they have the best coverage for the money in our circumstance.

We saw a bump a couple of years ago in homeowners' ; but not a lot. We're still paying a fair bit less for home coverage than we were back in Georgia...auto for two newer vehicles is about the same. Of course, the HO on the condo is less since there is less to cover

[EzPeterson]

Better get ready on that Auto coverage over the next couple renewals!

Accident severity (avg $$$ paid per claim) has been climbing steeply over the past couple years, while frequency (avg # of claims per policy) has shot up with population growth.

Both of those indicators spell higher base rates (price before experience/credit/discount tiering)

I'd predict a pretty solid chance we see average Auto rates climb 7-10% over the next 12-18 months.

We won't be in Houston territory, but Dallas avg premiums are on the horizon.