So, I’m up for renewal with Allstate. This year’s annual bill is up 78%. To say I am shocked is an understatement. My auto insurance, while still too high has dropped a bit. I’m a senior citizen and drive less than 5k a year, usually much less (it’s 4-5 miles to HD and Lowes). Same for my wife.
Just worked through an online quote for Progressive - their car insurance saves me a good bit, but the homeowner’s quote is over $8k.
I did have a water claim, but this is ridiculous.
Wow! I don’t know if they service your area, but look into getting a quote from Erie. They have always been the cheapest for me – for both home and auto – and provide great customer service, IMHO.
You should shop it…..that’s an unreasonable increase.
Allstate is quick to leave an area when things aren’t going their way. In 1992 after Hurricane Andrew hit South Florida Allstate left FL. They love to take your money but if they have to pay they take their ball and go home.
They did pay my water claim, but the adjuster was a walking charlie foxtrot.
I am shocked but in a good way. Last year I switched back to USAA on July 15. On July 30 a large branch from an oak tree fell on my house causing $60,000 in damage. I was super impressed by USAA though, and decided that when it was up for renewal, if the increase in my premium wasn’t too significant, I’d stay. My premium was $75 LESS than it was the previous year.
I was a long time customer of USAA, but they were gouging the crap out of me (and . Going to allstate saved me $3k+ a year for homeowner’s and auto. Auto has been relatively stable, but per my op, Allstate homeowner’s has been going up for a couple of years. This year it’s gone insane. Progressive is higher.
gone insane as well as Progressive.
Not sure how my first replay got posted under yours, but I have heard nothing about goodness and Erie. Sadly, they do not operate in Georgia.
My Hurricane insurance was $1200 in 2021 and $1800 now. I don’t have homeowners policy handy at the moment.
I have hurricane insurance as a business deduction because it has full replacement. We have never had a hurricane hit my side of my island in recorded history. However, the wildfires on Maui was amplified and a major cause of the spread of the disaster. I can imagine that I am absorbing part of that increased cost for risk.
I believe electric rates here have increase some because the electric company was found partially liable for the wildfires and some of that cost is spread out to all customers, even though we are on a different island/county.
Why not see what rates will be with a multi-line broker as opposed to a captive agent? Also , bundling usually will bring down rates.
My homeowners premium went up 78% but it took 11 years. We haven’t made any claims. We’ve prevented some claims over the years, like by staying within hearing distance of the washing machine so when it malfunctioned we could stop the water before it caused any damage, and emptying the sump with a scoop into 5 gallon buckets during the pouring rain and power outage way past our bedtime to prevent it from flooding the basement. It sucks paying all that money and then feeling like you can’t make any claims, or having your premiums skyrocket when you do.
Our USAA premium (umbrella, home, 2 cars) has gone up some in the last year, which I expected, but we have no intention of switching. We have good service and the annual dividend, which we just received is a nice benefit. Before we switched to USAA several years ago we went through insurance shopping every year because rates increased unreasonable amounts each year, in our opinion. We’ll cancel or change streaming services any time, but not our insurance.
I bundle with AutoOwners. Mine went up $263 a year. I live in a rural area in Michigan with few natural hazards. From what my agent told me it’s because of rebuilding costs. I got a quote from Progessive and the home owners was about the same but my auto was double!