Home insurance and car insurance

[NYCtoLI]

I use geico for car insurance. For HO, I called all state, state farm and geico. Found that Occidental was sub-contractor for geico. Called Occidental directly and got the lowest price on the same policy (much lower than going thru Geico). For HO, negotiation helped. All came down from their original quotes after I negotiated.

[mrsstats]

Call an independent insurance agent who can quote several different companies. Gecio, State Farm, Allstate only have their own company. Don't always assume Geico is the cheapest. I wrote my brothers insurance to another company and saved him money. He had been Geico for over 40 years.

[lubby]

Did you try Hartford insurance? They quoted my mom HO and auto. If she goes with them she will be saving $2,000 a year. She has travelers currently and they are a rip off. Her HO alone is about $3400 a year.

[Iching]

Originally Posted by lubby

Did you try Hartford insurance? They quoted my mom HO and auto. If she goes with them she will be saving $2,000 a year. She has travelers currently and they are a rip off. Her HO alone is about $3400 a year.

I second that. Great experience with Hartford and Geico.

[rocafeller05]

Different year same shenanigans!!

Auto insurance jumped $350 a year for no reason. According to them it is all across NY state yada yada yada.

Anyone else have a increase like this?

[BBCjunkie]

Originally Posted by rocafeller05

Different year same shenanigans!!

Auto insurance jumped $350 a year for no reason. According to them it is all across NY state yada yada yada.

Anyone else have a increase like this?

Mine went up $120 from last year on a 2017 car (bught new last summer), which was roughly 10%. Having worked in the insurance business back in the day, I wasn't really surprised. It's with NYCM which is still the best rate I found without having to bundle, which I don't want to do because I like my homeowners ins company. What per cent increase was that $350 over what you paid last year?

In NY individual companies are allowed to raise rates by large percentages "just because" but there's a limit to how many customers they can do that to per year. I found that out with homeowners insurance after 2002. Got hit with a 40% increase one year and then a 30% increase the next. Company blamed it on "post-Katrina risk management." I was waterfront and so no other company would touch the house as a new policy. The third year they dropped me entirely even though I never filed a claim in my life. And yes that was right here on LI.

A hint for anyone who has Cambridge Mutual for homeowners: Ask your agent to quote you for the exact same coverage but run through their Merrimack division instead. In June I saved almost $200 off what my Cambridge renewal premium was, by doing that. It was my agent who suggested it, in fact.

Both companies are owned by the Andover Group but for some reason Merrimack rates are lower. The coverage is identical, so I've no idea why, but I'm not arguing.