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Started By
Message
Homeowners insurance recommendations?
Posted on 7/26/17 at 6:36 am
Posted on 7/26/17 at 6:36 am
I have my cars with Geico but the house is currently with USAA and their premium is sky high.
I checked with them to see about bundling my cars but the savings is very minimal. I've checked with Geico but they're quoting me Avery low premium with Sagesure but I'm not comfortable with insuring my house with a company I haven't heard of.
I would like to have low deductibles and I would love to go with Liberty Mutual but the lowest hurricane deductible they offer is 3%.
Who can you all recommend?
I checked with them to see about bundling my cars but the savings is very minimal. I've checked with Geico but they're quoting me Avery low premium with Sagesure but I'm not comfortable with insuring my house with a company I haven't heard of.
I would like to have low deductibles and I would love to go with Liberty Mutual but the lowest hurricane deductible they offer is 3%.
Who can you all recommend?
3
Posted on 7/26/17 at 7:42 am to poops_at_parties
Multi-lines discount is usually substantial when the same insurer has your home and auto.
This month I put every thing with Liberty Mutual and left State Farm.
My auto premiums (4 vehicles) were going crazy over the last year. I'd call to reduce coverage to get the premiums back in my budget then finally gave up.
For less money, everything is 100/300 again. UM. Roadside assistance. 2 with comprehensive. 2 liability only.
Also doing the Right Track monitoring for 90 days. Can knock off up to 30% forever.
This month I put every thing with Liberty Mutual and left State Farm.
My auto premiums (4 vehicles) were going crazy over the last year. I'd call to reduce coverage to get the premiums back in my budget then finally gave up.
For less money, everything is 100/300 again. UM. Roadside assistance. 2 with comprehensive. 2 liability only.
Also doing the Right Track monitoring for 90 days. Can knock off up to 30% forever.
Posted on 7/26/17 at 7:47 am to Bullfrog
You need to call an independent insurance agent. I sell for one of the largest in the state. We currently have 30 comapines that we are writing in the state. An independent agency can do the shopping for you and find you the best rate.
Posted on 7/26/17 at 7:50 am to SaintNation
Do not get fooled by the word discount. In many instances it is NOT in your best intrest to bundle your polices together. This is a gimmick used by insurance companies. They put 40% discount and all these numbers to make you feel good but breaking each policy out usually will save you the most money. Bundling is an insurance gimmick used to trick you and make you feel good about "discounts".
This post was edited on 7/26/17 at 7:51 am
Posted on 7/26/17 at 9:52 am to SaintNation
quote:
An independent agency can do the shopping for you and find you the best rate
This! I saved a ton going from state from to whoever they found. Then a few years later had them re-check and saved some more.
Posted on 7/26/17 at 11:47 am to SaintNation
quote:
You need to call an independent insurance agent. I sell for one of the largest in the state. We currently have 30 comapines that we are writing in the state. An independent agency can do the shopping for you and find you the best rate.
I did this recently with Kip Hamilton in Baton Rouge and with increased coverage knocked off about $1500 per year on what I thought were decent rates.
Every few years I have shopped my rates and lowered them each time. I need to remember to do it more often. Good luck
Kip Hamilton
(225) 361-8238 Direct
(225) 921-3547 Mobile
(225) 361-8238 Fax
kip@schmittins.com
Posted on 7/26/17 at 1:29 pm to SaintNation
quote:When I found a much lower auto rate but no help with same on home I asked my current insurer if I dropped the auto and kept home how would it affect the home rate. Increase by 30% I was told so bundling helps in this situation. Unless you're saying I can get a lower home rate elsewhere besides where I found the lower auto rate.
Do not get fooled by the word discount. In many instances it is NOT in your best intrest to bundle your polices together. This is a gimmick used by insurance companies. They put 40% discount and all these numbers to make you feel good but breaking each policy out usually will save you the most money. Bundling is an insurance gimmick used to trick you and make you feel good about "discounts".
Posted on 7/26/17 at 2:16 pm to poops_at_parties
DO NOT USE ALLSTATE!
i am about to dump these sorry facks. I am shopping myself.
i am about to dump these sorry facks. I am shopping myself.
Posted on 7/26/17 at 9:35 pm to Fat Bastard
quote:
DO NOT USE ALLSTATE! i am about to dump these sorry facks. I am shopping myself.
What did Allstate do to you?
Posted on 7/29/17 at 9:10 am to TDsngumbo
I switched car and home over to Met Life. Saved about half on homeowners alone.
Posted on 7/29/17 at 10:09 am to poops_at_parties
Havebeen with Allstate and Liberty Mutual in the past.. Got tired of the constant increases. Now with Federated National thanks to the tip from TigerTaterTots. Call an independent agency and have them find the lowest rate.
However FedNat increased my policy about $120 last renewal. I'll be watching them.
However FedNat increased my policy about $120 last renewal. I'll be watching them.
Posted on 7/29/17 at 10:51 am to TDsngumbo
quote:
What did Allstate do to you?
based on my policy had to raise hell with a stupid adjuster on a claim. also had trouble with them not wanting to cover my extra buildings when those ARE covered in my policy.
The irony in this is i am forced to stay with these clowns. i shopped around and allstate is still cheaper and they keep going up every year. sadly louisiana is the 3rd highest in nation for homeowners rates only behind texas and florida.
Posted on 7/29/17 at 10:53 am to meeple
quote:
Got tired of the constant increases.
exactly how i feel with allstate.
quote:
Now with Federated National
i got a quote from them. allstate still cheaper. unreal.
quote:
Call an independent agency and have them find the lowest rate.
i did exactly this, they all came back HIGHER!
This post was edited on 7/29/17 at 10:55 am
Posted on 7/30/17 at 7:29 am to SaintNation
What you just said is wrong and illogical
Posted on 7/31/17 at 2:08 pm to Fat Bastard
Federated National only wants new homes.
Posted on 7/31/17 at 2:28 pm to meeple
quote:
FedNat increased my policy about $120 last renewal. I'll be watching them.
FedNat is a Demotech company.
Research their financials.
Posted on 8/2/17 at 9:52 pm to BamaCoaster
What is a Demotech company?
Posted on 8/2/17 at 9:57 pm to TDsngumbo
A demotech company has financials that are so questionable that A M Best won't give them any rating.
So, while saving a couple hundred a year for the largest investment of your lifetime, it maybe wise to look elsewhere.
I won't write through them, but I'm one of the few agents in the area who won't (Coastal Alabama).
So, while saving a couple hundred a year for the largest investment of your lifetime, it maybe wise to look elsewhere.
I won't write through them, but I'm one of the few agents in the area who won't (Coastal Alabama).
Posted on 8/2/17 at 10:01 pm to BamaCoaster
State guaranty fund backs up the policy if company is admitted
Posted on 8/2/17 at 10:17 pm to Paul Allen
Right.
But, few if any demotech companies are admitted.
Fed Nat (mentioned) and Frontline (big in the area) are not.
But, few if any demotech companies are admitted.
Fed Nat (mentioned) and Frontline (big in the area) are not.
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