Home insurance spike

[Horace]

Is this a local thing or did everybody's home insurance spike? I wonder if it's related to claims from last year's hurricane. My home insurance premiums went up 65% this year as compared to last year. 4000 a year now. I am going to shop around.

[Mik]

Not this year. Maybe next.

[jon-nyc]

I just got a policy last week for 2500 or so. Maybe 2800. Something like that.

[Jolly]

It's a big deal in Louisiana right now. Wonder if it extends across the Gulf South?

[LuFins Dad]

@Horace said in Home insurance spike:

Is this a local thing or did everybody's home insurance spike? I wonder if it's related to claims from last year's hurricane. My home insurance premiums went up 65% this year as compared to last year. 4000 a year now. I am going to shop around.

Ours did. Drastically. We are shopping for new insurance, now.

[89th]

Ours did a year or two ago. I don't recall the specifics but let's say it went from like 3000 to 4000 a year. I switched from Travelers (great customer service btw) to Liberty Mutual (via GEICO). I can see the increases even moreso in FL or TX.

[George K]

Ours took a big jump earlier this year - almost doubled. Switched from Allstate to State Farm.