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Cool Hand Luke
LSU Fan
Member since Oct 2008
1616 posts

Rate increases in home & auto

Both of my policies are coming up for renewal. What increases are you seeing? I am in south Louisiana.


vistajay
Member since Oct 2012
1826 posts

My UPC HO went up from $7400 to $10,700, even though I did not make an Ida claim and have never made a HO claim. But I was lucky enough to get a policy with a much better insurer for less than my previous year's premium and for more coverage.


Bigdavewave
Member since Jul 2017
404 posts

Alot....home went up $500. From 1,400 per year to 1,900 per year. Auto went up from 170 per month (2 cars) to 210 per month.


mule74
LSU Fan
Watersound Beach
Member since Nov 2004
10287 posts

quote:

even though I did not make an Ida claim and have never made a HO claim


This is irrelevant. The market in places Louisiana, Florida and California is imploding. Carriers are taking massive losses and getting crushed in court on both property and liability claims.


vistajay
Member since Oct 2012
1826 posts

quote:

This is irrelevant. The market in places Louisiana, Florida and California is imploding. Carriers are taking massive losses and getting crushed in court on both property and liability claims.


No it's not irrelevant. My premiums would have gone up even more, had I actuallu made a claim.


PUB
LSU Fan
New Orleans
Member since Sep 2017
12732 posts

Home - NO claim and up 80%
Auto - Up 10% on liability, 50% on Comp and 15% on collision with avg annual miles drive down 75% too.
Typical agent bullshitee line - everything is going up. Asked for specifics and why. No answer.
One of the greatest scams going are the insurance companies.


tide06
Alabama Fan
Member since Oct 2011
6053 posts

quote:

No it's not irrelevant.

I agree, they probably would’ve just dropped you.


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Chad504boy
4 posts
Member since Feb 2005
153898 posts

quote:

No it's not irrelevant.


Hurricane claim- no its not relevant.


And congrats on moving your coverage, but now you have no guarantee that your new insurer won't drop you at next renewal. Who's the new company?


Cool Hand Luke
LSU Fan
Member since Oct 2008
1616 posts

My Geico auto policy went from 2100/year to 3200/year . Had 100/300/100, now 50/100/50 for that price. I did have a speeding ticket so I'm sure that didn't help.


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Chad504boy
4 posts
Member since Feb 2005
153898 posts

quote:

Typical agent bullshitee line - everything is going up. Asked for specifics and why. No answer.


claims stacked
reinsurance fricked


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USA
Member since 2001
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JAMAC2001
LSU Fan
Member since Jan 2013
1686 posts

Homeowners went from 1900 to 2600. Renewed in April. Zero claims ever.


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KajunLass
LSU Fan
Member since Apr 2022
120 posts

GTFO.

Your HO is less than $2K? You live in a cardboard box?


LSUEEAlum
LSU Fan
Member since Oct 2013
727 posts

I just renewed. I was dropped by UPC so had to look for another policy. I ended up with liberty mutual. $1984 for the year. Covered for $550k, 500k liability, 1% ded, 2% hurricane ded. BR area.
This post was edited on 5/20 at 6:25 pm


MrLSU
Harvard Fan
Paris, Lake Como, Monaco, Marrero
Member since Jan 2004
21420 posts

My homeowners went up 25% to 9,357


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Cool Hand Luke
LSU Fan
Member since Oct 2008
1616 posts

Man I wish I could get HO for under 2k. Agent said to expect my $3100 policy to go to $5k.


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10
TheJunction
Mississippi St. Fan
Mississippi
Member since Oct 2014
416 posts

Suprised reading this thread (guess I shouldn’t be with inflation being what it is) Our auto actually went down 8% or so between my wife and I vehicle — no claims, Farm Bureau.

Home insurance went up 3%ish - Farm Bureau, no claims.

North MS
This post was edited on 5/20 at 9:59 pm


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10
IcedOutBart
Houston
Member since Jul 2017
32 posts

While they may be true, the price to replace a car is up, parts are up, labor is up. It makes sense. Not to mention litigation is up. It’s all fricked


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40
cable
Member since Oct 2018
8144 posts
 Online 

quote:

Home - NO claim and up 80%


Close to the same.


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10
Bigdavewave
Member since Jul 2017
404 posts

quote:

GTFO.

Your HO is less than $2K? You live in a cardboard box?


Hey Sherlock, it's called good CREDIT! Get you some one of these days.


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