I hate insurance!

[kwando]

My home policy has gone up 29% and auto 19%. No accidents or tickets the past 3 years, no claims paid out on the house ever!

Argh... Sorry Irving and Dave i know you do that for living, i am shopping for insurance again so PM me your info. I currently have travelers.

[Firehaus]

Travelers bites. I've had great luck with Hartford.

[jerrymrc]

My home policy has gone up 29% and auto 19%. No accidents or tickets the past 3 years, no claims paid out on the house ever!

Argh... Sorry Irving and Dave i know you do that for living, i am shopping for insurance again so PM me your info. I currently have travelers.

I had that happen. Check everyones credit report. Mine did it because of one of the kids credit reports.

[KestrelBike]

My health insurance just went up 11%. One doctor visit for $140 where I paid $40 copay.

[Lurch]

All of us are paying for the hurricanes, tornado's, fires and floods.

[Ronin13]

Travelers bites. I've had great luck with Hartford.

We've represented Travelers for over 60 years and they've been pretty stellar...

All of us are paying for the hurricanes, tornado's, fires and floods.

This! Joplin, New Orleans, Moore, SoCal, NM, NY/NJ... these all negatively affect the insurance world when you have multiple total losses.
Kwando- you do realize that the last 10 years or so Travelers hasn't taken that many rate increases, and now they have to because like it or not, they are in the business to make money. Too many claims and they go negative, so what do they do? Raise the rates. It's the nature of the beast. Not to mention, people don't know squat about home insurance, so they treat it like health and turn in every little claim, thus raising the rates. Everyone's insurance is going up... this is the new norm.

[Dave_L]

Yup...it's rough out there in the insurance world. Don't hate insurance, hate all your neighbors that brag about their "new roof, new car, new paint job" that insurance paid for. THEY are the one's to blame. Insurance companies have to keep money in reserves to make sure that if you're included in the next catastrophe (Colorado ranks near the top for those now), there will be enough money to pay for your loss. So even though you didn't have a claim, all those funds (billions of dollars) got depleted. They have to fill it back up to remain solvent. While it's frustrating, there's not much that can be done about it. The biggest help would be a year of no major losses. No massive hail storms, no wild fires, etc. But each year, we have multiples of each and the companies can't get ahead. The companies DO NOT make money on property insurance. It's a line item that is constantly in the red. The only way around it is self-insure. Otherwise, we're all in this together.

With that being said, I'd love to run some quotes for you. I'll PM you my contact info.



Also, as a general FYI for all, don't call your agent and demand they lower the payment. We aren't the cable company that mysteriously holds better rates back and waits for you to call. A good agent will try to get you the best rate possible but sometimes, there's only so much that can be done. Just because another company is offering a lower rate, doesn't mean your agent can magically "price match" it. Try just saying that you know rates are turbulent but you wanted to make sure that you have all the discounts possible and the best rate available through that company.

[Ronin13]

Yup...it's rough out there in the insurance world. Don't hate insurance, hate all your neighbors that brag about their "new roof, new car, new paint job" that insurance paid for. THEY are the one's to blame. Insurance companies have to keep money in reserves to make sure that if you're included in the next catastrophe (Colorado ranks near the top for those now), there will be enough money to pay for your loss. So even though you didn't have a claim, all those funds (billions of dollars) got depleted. They have to fill it back up to remain solvent. While it's frustrating, there's not much that can be done about it. The biggest help would be a year of no major losses. No massive hail storms, no wild fires, etc. But each year, we have multiples of each and the companies can't get ahead. The companies DO NOT make money on property insurance. It's a line item that is constantly in the red. The only way around it is self-insure. Otherwise, we're all in this together.

With that being said, I'd love to run some quotes for you. I'll PM you my contact info.



Also, as a general FYI for all, don't call your agent and demand they lower the payment. We aren't the cable company that mysteriously holds better rates back and waits for you to call. A good agent will try to get you the best rate possible but sometimes, there's only so much that can be done. Just because another company is offering a lower rate, doesn't mean your agent can magically "price match" it. Try just saying that you know rates are turbulent but you wanted to make sure that you have all the discounts possible and the best rate available through that company.

Thanks Dave! I hate when people call me asking for lower rates... I always say "Have you thought about taking a higher deductible?" Even though, admittedly, Travelers doesn't really give that much of a discount for upping your deductible. But our other company, Chubb, certainly does!

I don't get it though- we had a company jump ship and refuse to write up here because of the "fire danger," even though last spring's hail storm in Lakewood was way more expensive in terms of losses than any of the fires we had- per any one company that is... not in total losses.

[MrPrena]

AmFam pulled that on me , and I changed it to Progressive for auto.
If AmFam does that to my home, I will change it to Amica or something else.

[brutal]

AmFam pulled that on me , and I changed it to Progressive for auto.
If AmFam does that to my home, I will change it to Amica or something else.

I turned from Amfam to Progressive for auto/rv/boat insurance 8 years ago when AmFam tried to nail me hard on an auto increase due to a single citation reduced to "defective headlight."

To this day, nobody can touch my AmFam homeowner policy. I check every 6 months. Nobody. It rises minimally each year, and I expect that. As the age of both my vehicles and myself increase, my Progressive policy continues to decline. Inverse to the cost of medical insurance. Thankfully, my wife is well beyond child bearing age or ability so that probably saves us some.

However, with regard to homeowners insurance costs, I have only filed one claim in the past 20 years, and that was a small payout for them due to the roof's age and limited fence damage that occurred due to high winds.