- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Best Home Insurance rates
Posted on 6/6/13 at 8:38 am
Posted on 6/6/13 at 8:38 am
Live in Katy, Texas, but looking at new home insurance. Ours has gone from $950 the first year we bought our new house, to $1350 last year, to now $1650. We have never had a claim on our house or cars, and both have credit scores over 800. Our car insurance also went up about $300 more this year. We are currently with Liberty Mutual.
Any you can recommend to get quotes from?
Any you can recommend to get quotes from?
4
Posted on 6/6/13 at 8:46 am to Kingwood Tiger
If you qualify, USAA.
Posted on 6/6/13 at 8:48 am to Kingwood Tiger
quote:just shop all your standard carriers. What about State Farm?
Live in Katy, Texas
Posted on 6/6/13 at 8:57 am to Kingwood Tiger
quote:
We are currently with Liberty Mutual
Seems to be a common theme. They got me with rates in the 900s then they have gone up stedily in the last 3 years. They did it with my cars too. I finally dropped the car insurance because they went from 2000 - 3000 a year there and 960 to 1500 on home owners over 3 years with no claims at all.
Posted on 6/6/13 at 9:00 am to Catman88
quote:
with no claims at all.
it makes me all warm and fuzzy when people say they had no claims.
Posted on 6/6/13 at 9:02 am to Chad504boy
Why because we are being screwed by those that are filing constantly? I could have filed a claim a year ago to replace a huge window. I paid cash to avoid the claim and rates going up. Got fricked anyways.
Posted on 6/6/13 at 9:32 am to Kingwood Tiger
quote:
We are currently with Liberty Mutual.
I'm with Liberty Mutual too and have had rate increases every year on my homeowner's policy. The policy is for replacement cost coverage so they keep bumping up the insured value which raises the premium for the year. Ask for an evaluation of your home's construction materials to make sure you've got an accurate baseline. Then be sure to get all the discounts you're entitled to. The big ones are for having your vehicles also insured with LM, deadbolts, a monitored alarm system, and the replacement cost coverage that I mentioned. If you have your car(s) insured with them be sure to ask about their affinity program discount on the auto policy. They offer one for LSU alumni.
I've shopped insurance (home and auto combined) for the past three years at renewal time and have not found any reputable company that sells it for less for comparable coverage.
BTW, I had a family member in a very serious car accident a few years ago, the second one in a three year period. They forgave the first one but did raise the auto rates after the second one. After three years they came back down to normal rates. The claim on that one accident cost them upwards of $100K.
This post was edited on 6/6/13 at 9:39 am
Posted on 6/6/13 at 10:18 am to Catman88
quote:
I could have filed a claim a year ago to replace a huge window. I paid cash to avoid the claim and rates going up. Got fricked anyways.
Did you learn a lesson? If its a catastrophe claim, don't be hesitant to file. A random claim... better make sure its worth it.
Posted on 6/6/13 at 10:33 am to Catman88
quote:
Why because we are being screwed by those that are filing constantly? I could have filed a claim a year ago to replace a huge window. I paid cash to avoid the claim and rates going up. Got fricked anyways.
People that file constantly lose their coverage. Higher costs are another way that we are being screwed by zero interest rate policy. Insurance companies are having a hard time finding yield so they have been raising premiums.
Posted on 6/6/13 at 11:54 am to Layabout
quote:
and have not found any reputable company that sells it for less for comparable coverage.
All insureres have to be registered with the state to do business there.
Sometimes, "less reputable" companies are ok they just decided not to spend hundreds of millions on advertising that makes consumers "think" they are reputable because of being a household name.
Always check the ratings, and if they are solid, take the lower rates! Who cares if your neighbor has ever heard of them?
State Farm and Allstate, etc have screwed over just as many consumers as anyone. Homeowners insurance claim are pretty standard now and are well defined BY THE STATE! Anyone who sells there follow the states rules!
Posted on 6/6/13 at 12:11 pm to the LSUSaint
quote:
Sometimes, "less reputable" companies are ok they just decided not to spend hundreds of millions on advertising that makes consumers "think" they are reputable because of being a household name.
I agree with this but one of the things I found is that the really large discounts for having both home and auto with the same company negate any savings from splitting the coverage. There are not a large number of companies that write both types of coverage.
Posted on 6/6/13 at 1:07 pm to the LSUSaint
quote:
Homeowners insurance claim are pretty standard now and are well defined BY THE STATE! Anyone who sells there follow the states rules!
this is dumb.
Posted on 6/6/13 at 2:48 pm to Chad504boy
quote:
this is dumb.
The state mandates coverages/requirements that have to meet certain standards in order to be able to sell in that state.
quote:
The Role of the State Legislatures State legislatures set broad policy for the regulation of insurance. They establish and oversee state insurance departments, regularly review and revise state insurance laws, and approve regulatory budgets. State insurance departments employ 12,500 regulatory personnel. Increases in staff and enhanced automation have allowed regulators to substantially boost the quality and intensity of their financial oversight of insurers and expand consumer protection activities.
Might need to revisit who is dumb.
Posted on 6/6/13 at 2:49 pm to the LSUSaint
quote:
The state mandates coverages/requirements that have to meet certain standards in order to be able to sell in that state.
has nothing to do with coverages and such on policies quoted. plus a company can be non-admitted admitted and still do business in the state.
Posted on 6/6/13 at 3:02 pm to Chad504boy
quote:
has nothing to do with coverages and such on policies quoted. plus a company can be non-admitted admitted and still do business in the state.
quote:
Types of Texas Homeowners Insurance Coverages Insurance companies may sell several types of policies in Texas, each with a different level of coverage. Three of the policy forms available for sale in Texas - the HO-A, HO-B, and HO-C - are standardized. This means the policy language and coverages provided by these policies are the same, regardless of the company writing the policy. Although an HO-B policy written by one company will be exactly the same as an HO-B policy written by another company, the two companies may charge different rates.
whatever you think......but I KNOW differently. And I clearly told him to check on the rating of the company as well (with the state).
And on top of that, there are monies that MUST be set aside in case of company insolvency.
This post was edited on 6/6/13 at 3:04 pm
Posted on 6/6/13 at 3:13 pm to the LSUSaint
also...
and....
Again to the OP...shop around companies licensed in your state...you are pretty much free to choose the cheapest rate knowing you are protected as long as they offer the coverages you need/want...
quote:
Company Licensing. State laws require insurers and insurance-related businesses to be licensed before selling their products or services. Currently, there are approximately 7,200 insurers in the United States. All U.S. insurers are subject to regulation in their state of domicile and in the other states where they are licensed to sell insurance. Insurers who fail to comply with regulatory requirements are subject to license suspension or revocation, and states may exact fines for regulatory violations. In 2000, nearly 300 companies had their licenses suspended or revoked. The NAIC’s Uniform Certificate of Authority Application (UCAA)¾a company licensing system¾helps states expedite the review process of a new company license. In addition, an NAIC database has been developed to facilitate information sharing on acquisition and merger filings. Theses databases assist insurance regulators by creating a streamlined and more costefficient regulatory process.
and....
quote:
Product Regulation. State regulators protect consumers by ensuring that insurance policy provisions comply with state law, are reasonable and fair, and do not contain major gaps in coverage that might be misunderstood by consumers and leave them unprotected. The nature of the rate review, rating rules and forms varies somewhat among the states depending on their laws and regulations.
Again to the OP...shop around companies licensed in your state...you are pretty much free to choose the cheapest rate knowing you are protected as long as they offer the coverages you need/want...
Posted on 6/6/13 at 3:53 pm to the LSUSaint
quote:
whatever you think......but I KNOW differently. And I clearly told him to check on the rating of the company as well (with the state).
And on top of that, there are monies that MUST be set aside in case of company insolvency.
ok dude. i could sell you a homeowner's policy with acv on contents, increased replacement costs, loss of use adjusted, removing other structures coverages, 20% contents, the list goes on, i got no idea what your fancy paragraphs are going to do about it unless you the consumer are paying attention to the coverages and extended coverages being sold to you.
Posted on 6/6/13 at 4:01 pm to Layabout
quote:
Liberty Mutual
are increasing across the board, not just personal lines. they have been getting railed the past 2 years. not gonna get better any time soon i'm afraid.
Posted on 6/7/13 at 8:03 am to Chad504boy
quote:
ok dude. i could sell you a homeowner's policy with acv on contents, increased replacement costs, loss of use adjusted, removing other structures coverages, 20% contents, the list goes on, i got no idea what your fancy paragraphs are going to do about it unless you the consumer are paying attention to the coverages and extended coverages being sold to you.
You mean the law? Look kid, you called me dumb for stating what I know is fact and stated such...to sell insurance in a state, a company has to meet certain criteria and those policies have minimums they must meet, coverages and company financial criteria, that protect the insured. Run along and learn more of your profession or find a new line of work. But please take your horseshite elsewhere.
Posted on 6/7/13 at 9:27 am to the LSUSaint
quote:
to sell insurance in a state, a company has to meet certain criteria and those policies have minimums they must meet, coverages and company financial criteria, that protect the insured.
dude all this means nothing. you are saying nothing. you are saying that because a policy is sold, it has to meet coverage criteria that all policies are created equal. Its absolute horse shite, you have no idea what you're talking about and it is very obvious you know nothing about insurance actually.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News