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homeowners insurance: who's shopping around?

Posted on 8/3/21 at 8:57 am
Posted by basiletiger
lafayette, la.
Member since Aug 2007
2141 posts
Posted on 8/3/21 at 8:57 am
Recently received renewal docs and my policy is set to go up Double from what it was last year with no claims.

Anyone else experiencing the same thing? Haven't shopped around yet, waiting on a call back from my agent.
Posted by bubba102105
Member since Aug 2017
441 posts
Posted on 8/3/21 at 9:11 am to
Ours doubled as well. According to our agent they're all doing. Have done a little bit of shopping so far and it seems to be about the going rate. Haven't found anything cheaper
Posted by jfw3535
South of Bunkie
Member since Mar 2008
4639 posts
Posted on 8/3/21 at 9:35 am to
Best move I made was several years back when I went to a insurance broker and had them shop around for me and get me the best rate. Cut my rates in half back at the time. Now since them, my rates have been creeping back up every year, as they're apt to do. Last time I had a broker shop around rates for me, they said my current insurance is about as cheap as I'm going to get. But if you don't already use a broker, I highly recommend getting one. Let them do the shopping for you.
Posted by gobuxgo5
Member since Nov 2012
10024 posts
Posted on 8/3/21 at 10:01 am to
(no message)
This post was edited on 10/15/21 at 12:05 pm
Posted by SlidellCajun
Slidell la
Member since May 2019
10328 posts
Posted on 8/3/21 at 10:13 am to
Louisiana needs to adopt the coastal building codes that florida and alabama have. This could encourage insurance companies to come write more homeowners policies

Posted by NC_Tigah
Carolinas
Member since Sep 2003
123756 posts
Posted on 8/3/21 at 10:27 am to
The broker suggestions are spot on.

Also, if you can, determine reputation for customer service in your area. The differences between companies approach to claim settlement can be dramatic.

I've had very good luck with USAA-Pure in that regard.
Posted by JAMAC2001
Member since Jan 2013
2762 posts
Posted on 8/3/21 at 12:56 pm to
Any broker recommendations in the Baton Rouge area?
Posted by thunderbird1100
GSU Eagles fan
Member since Oct 2007
68276 posts
Posted on 8/3/21 at 1:01 pm to
quote:

Ours doubled as well.


Either I must have gotten lucky or because I'm in ATL area (not Louisiana). Mine renewed in May of this year for basically the same price as last year, it did go up, but it was less than 5% I think.
Posted by TIGERhype
Baton Rouge
Member since May 2014
955 posts
Posted on 8/3/21 at 1:09 pm to
Call Michael Cordell him and his dad are in business together, David Cordell insurance off Summa. Switched to them about 8 years ago best decision ever ! Michael is a great guy and will definitely take care of you.
This post was edited on 8/3/21 at 1:13 pm
Posted by Popths
Baton Rouge
Member since Aug 2016
3964 posts
Posted on 8/3/21 at 5:20 pm to
I live in BR but use a company in New Orleans. Hebert/Wiltz.
Posted by saderade
America's City
Member since Jul 2005
25722 posts
Posted on 8/3/21 at 5:23 pm to
quote:

live in BR but use a company in New Orleans. Hebert/Wiltz.

This is my broker as well. My BIL just switched to him after State Farm doubled for him.
Posted by BamaCoaster
God's Gulf
Member since Apr 2016
5251 posts
Posted on 8/3/21 at 9:05 pm to
quote:

Best move I made was several years back when I went to a insurance broker and had them shop around for me and get me the best rate.


As an insurance broker myself, I completely agree.
Posted by IntenseKid
Baton Rouge
Member since Oct 2014
2759 posts
Posted on 8/3/21 at 9:23 pm to
I would be worried if you didn’t agree.
Posted by lynxcat
Member since Jan 2008
24120 posts
Posted on 8/3/21 at 9:42 pm to
Mine went up about 20% in TX. I priced out at reputable, financially stable firms and couldn’t materially improve my rate so stuck with it.
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