Home insurance spike
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wrote on 5 Oct 2024, 19:07 last edited by
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.
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wrote on 5 Oct 2024, 19:10 last edited by
Not this year. Maybe next.
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wrote on 5 Oct 2024, 21:12 last edited by
I just got a policy last week for 2500 or so. Maybe 2800. Something like that.
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wrote on 5 Oct 2024, 21:54 last edited by
It's a big deal in Louisiana right now. Wonder if it extends across the Gulf South?
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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.
wrote on 5 Oct 2024, 22:18 last edited by@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.
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wrote on 7 Oct 2024, 03:48 last edited by
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.
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wrote on 7 Oct 2024, 12:04 last edited by
Ours took a big jump earlier this year - almost doubled. Switched from Allstate to State Farm.
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wrote on 10 Feb 2025, 15:57 last edited by
2023: $4200
2024: $5300
2025: $7300 <- Just got this renewal notice todayAnd we aren't even in a high risk area for anything! Maybe 7300 is a bargain with the aluminum, steel, and Canadian lumber tariffs from Trump
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wrote on 10 Feb 2025, 16:03 last edited by
That would buy a lot of eggs.
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wrote on 10 Feb 2025, 16:07 last edited by Renauda 2 Oct 2025, 16:15
Property insurance is going up all over North America the last few years. Ours has increased by $800 over the last two years. The industry has to recoup its losses owing to the frequency of extreme weather events and wildfires causing not just property damage but total destruction and loss.
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wrote on 10 Feb 2025, 16:09 last edited by
Y'all need to live in smaller houses.
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wrote on 10 Feb 2025, 16:10 last edited by
I have a special insurance rider to cover my eggs.
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wrote on 10 Feb 2025, 16:12 last edited by
Ours went up $100.
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Property insurance is going up all over North America the last few years. Ours has increased by $800 over the last two years. The industry has to recoup its losses owing to the frequency of extreme weather events and wildfires causing not just property damage but total destruction and loss.
wrote on 10 Feb 2025, 16:12 last edited by@Renauda said in Home insurance spike:
Property insurance is going up all over North America the last few years. Ours has increased by $800 over the last two years. The industry has to recoup its losses owing to the frequency extreme weather events and wildfires causing not just property damage but total destruction and loss.
Yeah might have to find a local place that isn't trying to use my money to pay for Florida and California disasters. I moved to Minnesota for the skiing December-March, weather May-October, and the lack of natural disasters!
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@Renauda said in Home insurance spike:
Property insurance is going up all over North America the last few years. Ours has increased by $800 over the last two years. The industry has to recoup its losses owing to the frequency extreme weather events and wildfires causing not just property damage but total destruction and loss.
Yeah might have to find a local place that isn't trying to use my money to pay for Florida and California disasters. I moved to Minnesota for the skiing December-March, weather May-October, and the lack of natural disasters!
wrote on 10 Feb 2025, 16:21 last edited by Renauda 2 Oct 2025, 16:24I wish you luck in finding an Insurer whose underwriters share your views rather than the collective risk. We get a comparatively good deal through a group home and vehicle plan my wife’s professional college offers for its membership and because I am over 65. Even then it is not by any means cheap.
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wrote on 10 Feb 2025, 16:23 last edited by
Ha... I reached out to the local State Farm rep (he actually used to live in a house 4 down from where I live now). I'm sure his hands will be tied by his rates, but I'm giving him a shot at bundling our home, auto, and a special jewelry policy.
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wrote on 10 Feb 2025, 19:28 last edited by
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Ha... I reached out to the local State Farm rep (he actually used to live in a house 4 down from where I live now). I'm sure his hands will be tied by his rates, but I'm giving him a shot at bundling our home, auto, and a special jewelry policy.
wrote on 11 Feb 2025, 01:43 last edited by@89th said in Home insurance spike:
... and a special jewelry policy.
Yours, hers, or Aqua's sister's?
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wrote on 11 Feb 2025, 02:14 last edited by
Handcuffs and nipple clamps don’t count as jewelry.
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@89th said in Home insurance spike:
... and a special jewelry policy.
Yours, hers, or Aqua's sister's?
wrote on 11 Feb 2025, 03:10 last edited by@Axtremus said in Home insurance spike:
@89th said in Home insurance spike:
... and a special jewelry policy.
Yours, hers, or Aqua's sister's?
I don’t think Aqua’s Sister’s Pearl Necklace can be covered.
