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11-07-2022, 01:22 PM
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17,969 posts, read 9,543,993 times
Reputation: 29955
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My homeowners' insurance has increased every year by $30-60 dollars or so, but this year, it has jumped by nearly $180 or more than double the usual rate. I'm sure when I call them to complain of my sticker shock, they'll say "inflation, blah blah" and inform me that "everything has gone up," which of course I can't argue with. So two questions: does EVERYONE'S go up every year? Frankly, I didn't even notice until I just now went back and researched it. And has anyone's gone up THAT much THIS year? I've been with this agent for decades, but am thinking it's time to shop around.
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11-07-2022, 02:01 PM
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4,328 posts, read 2,248,698 times
Reputation: 12995
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Quote:
Originally Posted by otterhere
My homeowners' insurance has increased every year by $30-60 dollars or so, but this year, it has jumped by nearly $180 or more than double the usual rate. I'm sure when I call them to complain of my sticker shock, they'll say "inflation, blah blah" and inform me that "everything has gone up," which of course I can't argue with. So two questions: does EVERYONE'S go up every year? Frankly, I didn't even notice until I just now went back and researched it. And has anyone's gone up THAT much THIS year? I've been with this agent for decades, but am thinking it's time to shop around.
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LOL! Consider yourself lucky. My homeowners insurance went up about 67% this year compared to last year. And YEAH, it's WAAAAY more than $180 increase. I live in Florida. |
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11-07-2022, 02:06 PM
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17,969 posts, read 9,543,993 times
Reputation: 29955
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Quote:
Originally Posted by Chas863
LOL! Consider yourself lucky. My homeowners insurance went up about 67% this year compared to last year. And YEAH, it's WAAAAY more than $180 increase. I live in Florida.
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Yeah; I live in Podunk. But still! No hurricanes here, so what's the excuse? |
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11-07-2022, 02:13 PM
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4,328 posts, read 2,248,698 times
Reputation: 12995
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Quote:
Originally Posted by otterhere
Yeah; I live in Podunk. But still! No hurricanes here, so what's the excuse?
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Ask your insurance company. |
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11-07-2022, 02:17 PM
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Location: Johns Creek, GA
16,660 posts, read 61,447,681 times
Reputation: 21802
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Quote:
Originally Posted by otterhere
...so what's the excuse?
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Everything! And I mean EVERYTHING!!! |
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11-07-2022, 02:55 PM
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Location: on the wind
19,465 posts, read 13,080,404 times
Reputation: 63523
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Quote:
Originally Posted by otterhere
Yeah; I live in Podunk. But still! No hurricanes here, so what's the excuse?
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Most likely they insure homeowners over a fairly wide area, not just your little hurricane-proof town. Seems pretty obvious. |
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11-07-2022, 02:55 PM
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17,969 posts, read 9,543,993 times
Reputation: 29955
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It's a local company.
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11-07-2022, 03:39 PM
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21,162 posts, read 6,877,606 times
Reputation: 39520
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Quote:
Originally Posted by otterhere
It's a local company.
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Your agent/broker may be local. |
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11-07-2022, 03:42 PM
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10,164 posts, read 4,604,701 times
Reputation: 7351
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You may not live in high risk area but cost of material and labor have gone up in most areas,say lumber in HD,same price in every HD store.
My auto insurance with Statefarm has gone up $60 for 6 months.
My homeowner insurance is not due yet
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11-07-2022, 03:49 PM
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17,969 posts, read 9,543,993 times
Reputation: 29955
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Quote:
Originally Posted by Threestep2
Your agent/broker may be local.
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The name of the state appears in the title of the insurance company, so...pretty sure it's limited to that state. |
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