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Started By
Message
State Farm home owners
Posted on 3/19/25 at 10:42 am
Posted on 3/19/25 at 10:42 am
Switched over to them because I am a friend of his parents. In 10 months, policy has gone up 15% for zero reason. Fortunately, I own my house and I am really thinking about not having insurance all together
10
Posted on 3/19/25 at 11:09 am to Lake08
statefarm didnt even entertain the idea of writing a home owner policy for me. i use them for auto and they've been great.
Posted on 3/19/25 at 11:10 am to Lake08
what would you like us to do with this information? 
Posted on 3/19/25 at 11:25 am to Lake08
I think I heard they were pulling back on homeowners and focusing on auto. My coworker just got dropped because her house is older then a certain date.
Posted on 3/19/25 at 11:36 am to LEASTBAY
Ouch. Where at and how old?
Posted on 3/19/25 at 11:54 am to Lake08
I just switched to them this year because Safeco increased their premiums on me by 80%. Spoke with my dad on the new policy quote from State Farm and they tried to raise their coverages on me, to which we lowered our coverage amounts to a little over our home value. It dropped the quote to near what I was paying with Safeco before their price hike. When shopping, get full details on your policy coverages and you can negotiate that with whoever you want to cover you.
Posted on 3/19/25 at 12:25 pm to La Squared
Harahan or river ridge. I think built in 60s or 70s
Posted on 3/19/25 at 12:31 pm to Lake08
quote:
In 10 months, policy has gone up 15% for zero reason
So they just upped your premium mid-term for no reason?
Posted on 3/19/25 at 1:21 pm to Lake08
An increase in premium after only 10 months? There must've been an issue during underwriting because premium shouldn't change until renewal at 12 months.
Posted on 3/19/25 at 1:22 pm to Towelie
Yep.
Posted on 3/19/25 at 1:23 pm to BilbeauTBaggins
quote:
they tried to raise their coverages on me, to which we lowered our coverage amounts to a little over our home value. It dropped the quote to near what I was paying with Safeco before their price hike. When shopping, get full details on your policy coverages and you can negotiate that with whoever you want to cover you.
Are you aware of the implications of doing that? Without knowing the full story, it sounds to me like you may have chosen to insure your home for under 100% of replacement cost value which, if it's under 80%, will frick you at claim time. Make sure you're not insured for less than 80% of your replacement cost value.
Posted on 3/19/25 at 1:25 pm to Towelie
quote:
So they just upped your premium mid-term for no reason?
They didn't increase his premium mid-term for no reason. Chances are there was some frickup during the underwriting process and they're making up for it now. frickup=incorrect home information like sq footage, materials, foundation type, etc. They may have found the frickup during the routine inspection they completed. This inspection could've been done via a drone while he was at work or it could've been a full, complete interior and exterior inspection if he has a high-value home. Bottom line is his agent 100% knows the reason for the increase mid-term.
This post was edited on 3/19/25 at 1:27 pm
Posted on 3/19/25 at 1:47 pm to TDsngumbo
quote:
Bottom line is his agent 100% knows the reason for the increase mid-term.
Exactly. They can't just decide to charge you more mid-term for no reason.
Posted on 3/19/25 at 1:57 pm to TDsngumbo
Probably got his renewal in the mail at month 10. Increase may not be due until the annual renewal date.
Posted on 3/19/25 at 3:14 pm to TDsngumbo
They wanted to insure me for 150% more than what my home is actually worth in rebuilding costs. I'm not rebuilding this old home if it came down to it.
Posted on 3/19/25 at 3:18 pm to Pezzo
quote:
statefarm didnt even entertain the idea of writing a home owner policy for me. i use them for auto and they've been great.
Same here..twenty years ago when I moved into my house, they would not insure homes in Mississippi. Now, they send me something weekly wanting my business.
Posted on 3/20/25 at 8:38 am to Lake08
It's not for zero reason (yes, it sucks). They will go up on a whole with everyone (for reason) that has nothing to do with whether you yourself filed a claim or not.
Posted on 3/20/25 at 8:45 am to TDsngumbo
quote:
They didn't increase his premium mid-term for no reason.
It's 10 months. They probably just sent him a notice that his rates were going up at renewal.
Posted on 3/20/25 at 8:47 am to BigBinBR
quote:
It's 10 months. They probably just sent him a notice that his rates were going up at renewal.
most likely the case here, as most people are over reacting drama queens that are too lazy to actually gather all the information before over reacting.
Posted on 3/20/25 at 9:19 am to Lake08
quote:
State Farm
quote:
Switched over to them
State Farm and Allstate are by far the two worst companies to have your homeowners with and it's not even close.
A friend relationship is not a reason you should have your house insured with a certain company, it should be based on coverage. If a storm hits, your friends parents aren't going to do you any good.
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