It's that time of year again - homeowners insurance premium massive rate increase 2014

[saturnfan]

Might just be that homeowners insurance will skyrocket out of reach because of natural disasters.

The insurance ads now only seem to be for auto insurance, not homeowners.

[iamweasel]

Originally Posted by jmcstef

I think insurance companies thrive on the fact that most folks are reluctant to shop around, especially with something like homeowners insurance where there may be a link to the bank (escrow etc.) and it seems like a hassle to change it.

To me, every time they increase my rate, that's my cue to shop around for someone who wants my business more and can offer a better rate, even if I have to do it every year. These crooks are going to drop you if you ever have an actual claim anyway, so I don't see it matters much who the insurance company du jour ends up being.

BINGO!!

Insurance companies are borderline crooks. They will charge you a ton, year after year, but then you make one claim and BAM you are dropped.

So like others have said I have no loyalty to any insurance company. I don't think I've made it any longer than 2 years with the same company. (But have left and gone back the same company several years later.) With us seems the renewal increase after year 1 with a carrier is reasonable but then year 2 or 3 is when they try to jack it up on us.

[Jkgourmet]

Ive had several claims with USAA, both HO and auto, and was never cancelled. They did raise the rates once on the auto following a car accident where DH was deemed responsible.

[apexgds]

My USAA premium only went up $5 this year. IIRC, the previous increase was pretty small as well. I guess I'm one of the fortunate ones.