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Started By
Message
New year, great time to shop homeowners insurance?
Posted on 1/6/18 at 4:18 pm
Posted on 1/6/18 at 4:18 pm
USAA customer. Have been for 7 plus years. No complaints. But I am interested in learning if they are still competitive from a pricing standpoint.
Ascension Parish - Louisiana
Section I - Coverages and Amounts of Insurance
Dwelling $300K
Other Structures $150K
Personal Property Protection $150K
Loss of Use Protection $60K
Section II - Coverages and Limits of Liability
Personal Liability - Each Occurrence $500K
Medical Payments to Others $5K
Deductibles (Applies to Section I Coverages Only)
Wind and Hail $6K (2%)
All Other Perils $6K (2%)
Total Premium Policy
$1,874.80
I am supposedly receiving credits and discounts for:
- Auto and Home Combination Discount
- Claims Free Discount
- Home Age Discount
- Protective Device Discount
- Roof Age Discount
For those who are smarter than me at this, is it worth my time (and money) to shop what I currently have? Or do you believe this is a fair price for the amount of coverage that I have?
The companies, based upon research here, that I would consider for a quote are Access Home, UPC, Maison, ASI, Gulfstream, Grovera and Lexington.
Would an independent broker be able to get me a quote for the majority of these companies? FICO scores are in the 800s.
Edited to Add:
I also have Valuable Personal Property insurance through USAA but I don't believe I am receiving a credit and/or discount with this. I pay $554.00 annually for:
1 a. Jewelry - Blanket Coverage $7K
1 b. Jewelry - Scheduled Coverage $30,000
Ascension Parish - Louisiana
Section I - Coverages and Amounts of Insurance
Dwelling $300K
Other Structures $150K
Personal Property Protection $150K
Loss of Use Protection $60K
Section II - Coverages and Limits of Liability
Personal Liability - Each Occurrence $500K
Medical Payments to Others $5K
Deductibles (Applies to Section I Coverages Only)
Wind and Hail $6K (2%)
All Other Perils $6K (2%)
Total Premium Policy
$1,874.80
I am supposedly receiving credits and discounts for:
- Auto and Home Combination Discount
- Claims Free Discount
- Home Age Discount
- Protective Device Discount
- Roof Age Discount
For those who are smarter than me at this, is it worth my time (and money) to shop what I currently have? Or do you believe this is a fair price for the amount of coverage that I have?
The companies, based upon research here, that I would consider for a quote are Access Home, UPC, Maison, ASI, Gulfstream, Grovera and Lexington.
Would an independent broker be able to get me a quote for the majority of these companies? FICO scores are in the 800s.
Edited to Add:
I also have Valuable Personal Property insurance through USAA but I don't believe I am receiving a credit and/or discount with this. I pay $554.00 annually for:
1 a. Jewelry - Blanket Coverage $7K
1 b. Jewelry - Scheduled Coverage $30,000
This post was edited on 1/6/18 at 4:32 pm
5
Posted on 1/6/18 at 4:42 pm to Will Cover
You can likely find something less expensive but probably not by much. You would be leaving one of the most reputable companies out there for a takeout company, only to save $200-300/year.
And you need to look at it as a package, when you move the home, the auto will go up. So you’d have to shop both and be able to save on both.
Personally, i don’t know if I’d shop it. I doesn’t hurt to shop, but for me I wouldn’t leave USAA to save $200/year and have a Progressive/UPC package.
And you need to look at it as a package, when you move the home, the auto will go up. So you’d have to shop both and be able to save on both.
Personally, i don’t know if I’d shop it. I doesn’t hurt to shop, but for me I wouldn’t leave USAA to save $200/year and have a Progressive/UPC package.
Posted on 1/6/18 at 5:02 pm to Slickback
That has been the same mentality I have had for a while now as USAA is a great company to have for insurance.
I should have clarified in my original post that while pricing is important, it isn't necessarily the deciding factor ... unless another company can offer the same or better coverage for considerably less (when all bundled together), i.e. 25 percent or more in savings.
I should have clarified in my original post that while pricing is important, it isn't necessarily the deciding factor ... unless another company can offer the same or better coverage for considerably less (when all bundled together), i.e. 25 percent or more in savings.
This post was edited on 1/6/18 at 5:03 pm
Posted on 1/6/18 at 5:09 pm to Will Cover
USAA is worth the premium. I'm partial owner in a restoration company and USAA ALWAYS breaks out the checkbook for homeowners. By far the best insurance company to have in your corner.
Allstate and State Farm are the worst.
Allstate and State Farm are the worst.
Posted on 1/6/18 at 5:13 pm to Will Cover
quote:Only military, ex-military and their families can purchase USAA, correct?
USAA customer.
Posted on 1/6/18 at 5:25 pm to HubbaBubba
Yes, but checking and savings accounts are offered to anyone.
Posted on 1/6/18 at 6:00 pm to Will Cover
Try jewelers mutual for the jewelry. Have near that value insured and just paid my $151 renewal.
This post was edited on 1/6/18 at 6:01 pm
Posted on 1/6/18 at 6:05 pm to HubbaBubba
A parent or grandparents military service can quality you in some cases
Posted on 1/7/18 at 7:07 am to Will Cover
I'm also in Ascension Parish and have very similar coverages with Liberty Mutual for half the price ($918/yr). This is my second straight year with them. Last year it was $884.
Posted on 1/7/18 at 8:24 am to Cousin
That is a significant difference. Do you have anything else bundled with them?
Posted on 1/7/18 at 10:20 am to Will Cover
quote:
also have Valuable Personal Property insurance through USAA but I don't believe I am receiving a credit and/or discount with this. I pay $554.00 annually for: 1 a. Jewelry - Blanket Coverage $7K 1 b. Jewelry - Scheduled Coverage $30,000
I pay $266/yr to State Farm for a personal articles policy covering my wife’s ring ($30k) and my watches ($10k). This is the only biz I do with SF.
Also I have MetLife on my house - similar coverage to you on that, too - for $914/yr in Caddo parish. I used a brokerage to find that.
Posted on 1/7/18 at 10:58 am to GaryMyMan
I think it may be worth at least a call to an independent broker this week.
Can anyone recommend a good insurance broker firm and/or person in Baton Rouge / Ascension?
Can anyone recommend a good insurance broker firm and/or person in Baton Rouge / Ascension?
Posted on 1/7/18 at 3:10 pm to Cousin
quote:
also in Ascension Parish and have very similar coverages with Liberty Mutual for half the price ($918/yr). This is my second straight year with them. Last year it was $884.
Brand new Home? That’s a very low rate.
Will, I’d check out Insurance Network in BR or Bourg in Prairieville. I think they have all the contracts. Been a few years since I’ve been in the independent Insurance side though
Posted on 1/7/18 at 5:19 pm to Slickback
I'll do just that. Appreciate the tips.
Posted on 1/7/18 at 9:24 pm to Will Cover
I have Maison, they paid for a new roof on my old house one year after purchase. No complaints so far and very low deductible.
Posted on 1/8/18 at 1:11 pm to Will Cover
quote:
That is a significant difference. Do you have anything else bundled with them?
Yes, I also have auto insurance with them on 2 cars (full coverage). Both are 2011 model vehicles.
Posted on 1/8/18 at 1:12 pm to Slickback
quote:
Brand new Home? That’s a very low rate.
Yes, it was a new build.
Posted on 1/8/18 at 11:47 pm to Will Cover
Met Life cut my premiums in half.
Posted on 1/9/18 at 12:43 am to Popths
I learned today that Met Life doesn't write homeowners policies in Ascension Parish.
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