- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
PSA: those who have State Farm homeowners insurance
Posted on 5/31/18 at 6:14 pm
Posted on 5/31/18 at 6:14 pm
My premium jumped 35% this year. Since I pay through escrow, it was going to drive my mortgage payment up around $200/month. I switched to another company today and got my yearly premium back down to what it was the previous year. The lady on the phone told me that they're getting a TON of people switching over from State Farm.
I had no claims and saw no reason for the increase fwiw. Just a heads up to help someone out if I can.
I had no claims and saw no reason for the increase fwiw. Just a heads up to help someone out if I can.
31
Posted on 5/31/18 at 6:16 pm to High C
at the downvote. Posted on 5/31/18 at 6:17 pm to High C
Gotta pay for all those floods.
Posted on 5/31/18 at 6:17 pm to whit
OT is incorrigible, unless that's a State Farm agent.
Posted on 5/31/18 at 6:18 pm to High C
They gotta make up for that huge 3% auto insurance decrease somehow.
Posted on 5/31/18 at 6:18 pm to High C
News flash. They don’t want to write homeowners in LA anymore because of hurricanes. But they can’t just stop writing policies or else they won’t be able to write auto at our ridiculous rates. So they request permission to raise premiums and do so knowing people will switch. Meanwhile, we are all still being raped daily on our auto policies.
Posted on 5/31/18 at 6:19 pm to MBclass83
quote:
Gotta pay for all those floods.
Yeah, that's my problem with insurance companies. I have to pay for everyone else's problems.
Posted on 5/31/18 at 6:21 pm to High C
quote:
Yeah, that's my problem with insurance companies. I have to pay for everyone else's problems.
They aren't doing it for free. You are simply buying into a pool of various kinds of risk.
Posted on 5/31/18 at 6:22 pm to High C
I've had this happen with a bunch of companies. Allstate, Safeco etc. You have to shop it every 4-5 years.
Posted on 5/31/18 at 6:28 pm to fallguy_1978
I am on my fourth company in 10 years.
Posted on 5/31/18 at 6:29 pm to High C
They did just stop advertising with Samantha bee so maybe that will save them some money.
Posted on 5/31/18 at 6:31 pm to High C
I got a notice that my State Farm is going up, Who did you switch too?
Posted on 5/31/18 at 6:31 pm to High C
Already Included in your payment is an amount that includes 100 yr floods
Actuaries already know the percentages
Actuaries already know the percentages
Posted on 5/31/18 at 6:36 pm to High C
They suck at auto insurance also!!!!!
Posted on 5/31/18 at 6:38 pm to High C
I got hit with their new premiums last month. frick State Farm.. Seriously.
Posted on 5/31/18 at 6:39 pm to OweO
Geico went up on our auto too
Posted on 5/31/18 at 6:40 pm to BABAR
quote:
got a notice that my State Farm is going up, Who did you switch too?
Progressive because I got the bundle discount. I had to switch my auto from State Farm a few years ago.
Posted on 5/31/18 at 6:40 pm to High C
quote:
My premium jumped 35% this year. Since I pay through escrow, it was going to drive my mortgage payment up around $200/month. I switched to another company today and got my yearly premium back down to what it was the previous year. The lady on the phone told me that they're getting a TON of people switching over from State Farm.
Unless you are putting in new systems, a new roof, etc...your homeowners policy will generally increase due to the home aging as well as an uptick in dwelling coverage to keep pace with inflation. This year that index will be a bit higher than usual due to a lack of building supplies, in particular wood, and high demand for labor based off the hurricanes from 2017. Now a 35% jump is a bit excessive but they will rate increases additionally to a statewide level based off the combined loss ratio. These are insurance market realities and while you might shop around and reduce the rate, it will eventually rise again over time as most everything else does over time. Your agent should have tried harder to assist you however from how it sounds and that would be at their feet.
Posted on 5/31/18 at 6:40 pm to High C
Did you try calling your agent first and asking them to rerate you? I sent my liberty mutual agent a text asking him to look at mine and the next day they lowered mine $700 a year. 
Posted on 5/31/18 at 6:42 pm to High C
quote:
Progressive because I got the bundle discount. I had to switch my auto from State Farm a few years ago.
This might be the reason for the big increase as their system might have been lagging in picking up that you had moved your cars. Generally the home/auto...auto/home discount is the biggest of all discounts and it is seldom a good idea to separate the two.
Page 1 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News