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View Full Version : Just got home ins. bill...went up $254.00..shopping for new coverage, who is good??


jrnunzio3
03-08-2011, 06:36 AM
Hi all,
I just got my homeowners insurance bill and it went up $254.00 from last year. I did end up having a claim on it (for my lost diamond on my engagement ring for $2700). I understand that it would go up, I just didn't think it would go up that much for a (in my opinion) small claim. I really had to jump through hoops to get that much from them.

I want to shop around, but who is a good insurance company??? I want to get my car and home together. Any suggestions??

sam_gordon
03-08-2011, 06:53 AM
Let's see... $254/year = $21/month = $5/week. IMO, that's not really a large increase.

That being said, we've had Nationwide for car & home for decades and haven't had issues (no home owners claims, a number of car claims).

dvcgirl
03-08-2011, 07:06 AM
We just switched from Allstate to Amica. We've been with Allstate for years...but after researching ratings on insurance company and hearing Clark Howard recommend Amica as one of the best insurers for years.....we switched.

We've got old and older cars....14 and 8 years old. And we've never filed a claim....and our insurance bill went *down* with Amica. Plus, the new policy includes a towing package and windshield replacemement..... We went from $1,600 a year for both cars to below $1,300.

We're in the process of switching homeowners as well, so I don't have the final number yet.

jrnunzio3
03-08-2011, 07:39 AM
I just figured it out and that $254.00 represents a 39% increase in premium. I guess that I should have put that in my original post.

Thanks for the suggestions. I am going to check into them when I get home from work today.

ancestry
03-08-2011, 07:43 AM
See if they have increased their estimates to rebuild your house in the event of a total disaster. Home insurance doesn't equal your mortgage amount but rather has to equal what they view the cost would be to rebuild your house.

We are with State Farm and every couple of years they try to increase what they think it would cost to rebuild our house should it be completely destroyed. That rebuild amount is what drives the premium. We always end up arguing with them that their rebuild amount is usually ridiculous (my husband has a degree in construction management and and usually shows them that their calculations are crazy). Once they adjust that rebuild amount to a reasonable amount then the premium comes back down.

I'm willing to bet that the increase is more due to them recalculating your rebuild amount than it is due to you having a claim from a lost diamond.

jrnunzio3
03-08-2011, 08:03 AM
See if they have increased their estimates to rebuild your house in the event of a total disaster. Home insurance doesn't equal your mortgage amount but rather has to equal what they view the cost would be to rebuild your house.

We are with State Farm and every couple of years they try to increase what they think it would cost to rebuild our house should it be completely destroyed. That rebuild amount is what drives the premium. We always end up arguing with them that their rebuild amount is usually ridiculous (my husband has a degree in construction management and and usually shows them that their calculations are crazy). Once they adjust that rebuild amount to a reasonable amount then the premium comes back down.

I'm willing to bet that the increase is more due to them recalculating your rebuild amount than it is due to you having a claim from a lost diamond.


I did call them and they told me that "no" this was not the reason for the increase (as my coverage amounts all went up), they said that was due to inflation and had nothing to do with my increase in premiums. I will be looking into this more later on today. Thanks for the response.

scrapquitler
03-08-2011, 08:05 AM
Hi all,
I just got my homeowners insurance bill and it went up $254.00 from last year. I did end up having a claim on it (for my lost diamond on my engagement ring for $2700). I understand that it would go up, I just didn't think it would go up that much for a (in my opinion) small claim. I really had to jump through hoops to get that much from them.

I want to shop around, but who is a good insurance company??? I want to get my car and home together. Any suggestions??

Look carefully at the renewal paperwork before you panic. Each year my insurance increases somewhat, but the dollar value of the policy also goes up. So this year, they might have recalculated the replacement cost of the house and contents as $200K, but next year when the policy price increased, the replacement cost for hosue and contents covered might be $210K. So keep that in mind when you are looking at the price going up.

okeydokey
03-08-2011, 08:10 AM
My homeowners in FL just went from 1400 to 1800, so I went with a different carrier. It's security first.

elcodfish
03-08-2011, 08:22 AM
Last summer I switched from Allstate to Nationwide because they tried to increase my insurance by $500 (no claims) and when I called to ask why, they said "Cause things go up" and that I should stay with them because they have the best prices. I called nationwide and paid $200 LESS than I was paying Allstate and have more coverage. Just cold call a few places, it will take you 10 to 15 minutes but it is worth it!

Muushka
03-08-2011, 09:09 AM
Amica.:thumbsup2 We have had them since 1978. Great company.

Anthony1971
03-08-2011, 09:49 AM
All home owners insurance went up this year as a lot of people are putting in claims..... so we all pay
and if you put in a claim you loose your no claim discount which can be over 100 a year in itself

richard96
03-08-2011, 09:56 AM
In my experience it is cheaper getting quotes online. Some of the bigger companies offer discounts when ordering online, because it is less work for them. But to be safe you could compare quotes online, pick the best offer and try a local agency to see if they can match it or do better.

I recommend this site for online comparing:
quotes-center.com/home-insurance-calculator

DebMcDonald
03-08-2011, 10:15 AM
Amica, Amica, Amica!!!!! Have had them since I was 16, I am actually 3rd generation, soon to be fourth as my daughter will soon be joining. Have been sued once for a injury claim have had some car accidents over the years and could not be more satisifed.

my3sonsagn
03-08-2011, 11:32 AM
Add me to the Amica "side"!

tonums
03-08-2011, 11:37 AM
My homeowners in FL just went from 1400 to 1800, so I went with a different carrier. It's security first.



you guys still have choices in N Fl.? I live in sinkhole central and we pretty much only have citizens. I was terrified to open my renewal notice this year, but was pleased that it only went up like $160 to 1400something.

gracie1
03-08-2011, 11:49 AM
I have Statefarm Insurance and love them. Never had a problem with them fluctuating but maybe less than $20 a year. Normally it will increase one year, then go down the following year.

Swimalie
03-08-2011, 01:18 PM
Do you have access to USAA? If so, check in to them. My policy for my homeowners is full coverage, plus riders on extras plus other extras and we only pay $385 a year. We also have our auto with them (2 cars, one 10 and one 9 years old) and pay around $600 a year. No claims on either home or auto, highest deductible possible and I won't make a claim on anything unless it's way more than $5000.

Stitch76
03-08-2011, 01:20 PM
We saved $2000, yes I said $2000 a year by switching to Liberty Mutual (online). We already had Liberty Mutual through a local insurance agent, and was paying nearly $3000 a year on our house (it's a log cabin which a lot of insurance companies won't even touch).
I was playing around one day on MyPoints and requested some insurance quotes to get some points. I was floored when I got the Liberty Mutual quote back. I called them and told them that we had Liberty Mutual already, but was paying much higher premiums. The agent explained to me that if I went directly through them, instead of through a third party, we could save a lot more. We changed our home owners immediately, and then changed our auto policys (saved around $500 a year on them as well). The only difference is if we have a claim, we must deal with an agent approx 90 miles from us, in Louisville, instead of in our hometown, but for that much difference who cares!
I have told lots of people about this, and several have switched, and each one has at least, cut their premiums in half or more, by doing this!

yrdlyprincess
03-08-2011, 09:39 PM
WOW...I have certainly been schooled on this subject now....we have had state farm for yrs with our auto,home, and life...today DH had an accident (he totaled the car...not confirmed yet...but he did) we havent had claims in the past (never with home) this will be the 1st for him for auto ...i will have to look into this...hard!

jrnunzio3
03-09-2011, 06:42 AM
WOW...I have certainly been schooled on this subject now....we have had state farm for yrs with our auto,home, and life...today DH had an accident (he totaled the car...not confirmed yet...but he did) we havent had claims in the past (never with home) this will be the 1st for him for auto ...i will have to look into this...hard!

Hope your DH is OK.

Muushka
03-09-2011, 08:10 AM
WOW...I have certainly been schooled on this subject now....we have had state farm for yrs with our auto,home, and life...today DH had an accident (he totaled the car...not confirmed yet...but he did) we havent had claims in the past (never with home) this will be the 1st for him for auto ...i will have to look into this...hard!

I also hope your husband is ok.

Insurance is an interesting subject. When people speak of why they like their company, typically it is because it has low rates. But the true measure of a good insurance company is not what they charge, but how they handle you when you have a claim. (of course the $$ is a factor, but it should not be the only one).

We were hit by hurricane Fran in 1996. Our insurance company (Amica) was at our house within 2 days of the hurricane. The adjuster checked about everything, things that we didn't even notice (the gutters were damaged and we had not noticed and a couple of other things). He even asked about the food in our refrigerator and freezer if we had lost any. We had not, but it was nice that he asked. He cut us a check right then and there. And then when we submitted the final charges, they misunderstood and overpaid us by $500.00, which we promptly returned.

I was so glad that we did that because the following year we removed a cell shade on a palladium window and realized that the tree that fell on our house had also damaged that window. We contacted them, they told us to get any window we wanted ($1500.00) and they sent us a check for the entire amount because we had already met our deductible for that event.

The following year we had another hurricane. We had about $1000.00 worth of roof/ceiling damage. We ended up doing the repairs inside ourselves. I contacted them to say that and they told us to keep the extra $ we didn't spend.

Our rates have never increased. I really like Amica. Can you tell?;)

Ericandjenng
03-09-2011, 10:20 AM
Met Life. We switched from AllState several years ago after having been with them for more than 10 years. Saved $700 between homeowners & car (2 new vehicles) and got even better coverage.

Mom of 3 Princesses
03-09-2011, 10:24 AM
We just switched. Geico now has homeowners insurance. Our insurance through Liberty jumped OVER 50%. Ridiculous. We are absorbing the cost of insuring those people that live on the OBX and on the Sand bars.

Personally, if I am helping to pay their insurance, I think I should be able to stop by and use the house a while. (just a rant).

We ended up saving a bunch by switching.

Suz D
03-09-2011, 10:47 AM
WOW...I have certainly been schooled on this subject now....we have had state farm for yrs with our auto,home, and life...today DH had an accident (he totaled the car...not confirmed yet...but he did) we havent had claims in the past (never with home) this will be the 1st for him for auto ...i will have to look into this...hard!

We have been with SF for years too (I worked for them as did my sister & father). When I was in my mid 20's I switched to another company and shortly after I did, I had my first accident. That company dropped me like a hot potato. I went back to SF and haven't looked back since.

We are guaranteed renewal so they can't drop us no matter what. That alone is worth it to me. I haven't even checked other companies (I'm supporting my dad's pension) but it's about more than money for me (as another poster pointed out). You are smart to ask around and see who is pleased with their current company.

BTW, I do realize that for many people it HAS to be about money. Even a difference of $100-200/year is a difference maker for lots of people.

I too hope your DH wasn't hurt!

tenaseewalker
03-09-2011, 10:48 AM
I'm not sure who is good anymore, but the only thing I can say is stay away from Allstate.. I had their premium coverage. On May 30, 2010 while I was in Disney World, I had a house fire and to this date they still haven't settled my claim. My family has had to live in a fifth wheel since the fire (while we fight it out). I had to hire an attorney because the offer I received from Allstate wasn't enough for me to even begin to make the necessary repairs to my home. I had 5 different contractors tell me that they couldn't help me if that was all Allstate had to offer. FYI, I have had this policy for over 25 years without any claims and this is how they treat their loyal customers.

HelenePA
03-09-2011, 11:34 AM
WOW...I have certainly been schooled on this subject now....we have had state farm for yrs with our auto,home, and life...today DH had an accident (he totaled the car...not confirmed yet...but he did) we havent had claims in the past (never with home) this will be the 1st for him for auto ...i will have to look into this...hard!

Hope he's okay! We have had two claims with them since 1999 one was dh's fault totally the other was not mine at all. They were VERY easy to work with! Oh wait we had 3 claims with them! I totally forgot they covered the cost of a new (used) engine when our car was vandalized 3 years ago... our rates have never gone up :thumbsup2 We have them for homeowners as well :) :thumbsup2

pixiewings71
03-09-2011, 12:22 PM
We have AAA, have had them for years (DBF has had his car ins. policy for 17 years, when we bought the house we added it so that's been on for 8 years), we had a house fire 5 years ago, had to rebuild the entire interior of the house (except the master closet, because that door was closed lol) and much of the exterior as well, it was a large loss claim. Our ins. skyrocketed for about 3 years after but there is NO way we will change....they have treated us so well thru claims (the fire and I had a car accident as well) we have filed that it's worth it for us to know we are well covered and well taken care of. If/when you file a claim your ins. goes up for 1-3 years, and since you did file a claim it's possible you won't find another ins. company with lower rates. After our fire and subsequent renewal (at a HUGE increase) we did check around, no one was able to offer us a lower rate for the ins. we currently had, we didn't want to lower our coverage so we stuck with AAA. :)