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Home and Auto renewals increase?
#8918350
09/16/23 07:11 PM
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Joined: Dec 2011
Posts: 1,751
fredeboy
OP
Pro Tracker
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OP
Pro Tracker
Joined: Dec 2011
Posts: 1,751 |
What are yall seeing percentage wise Thanks for any input!
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Re: Home and Auto renewals increase?
[Re: fredeboy]
#8918352
09/16/23 07:13 PM
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Joined: Apr 2008
Posts: 4,578
TPACK
Extreme Tracker
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Extreme Tracker
Joined: Apr 2008
Posts: 4,578 |
Mine renews next month @ almost 30% increase for cars and home. I will be shopping
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Re: Home and Auto renewals increase?
[Re: fredeboy]
#8918355
09/16/23 07:18 PM
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Joined: Sep 2012
Posts: 16,041
Jimbo1
THF Celebrity
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THF Celebrity
Joined: Sep 2012
Posts: 16,041 |
Looking to be around 10% for both. I just renewed my Defensive Driving discount, and the wife will do hers for the first-time next week or so, That'll help some.
FJB - Lets Go Brandon BBB - Bring Back Better Awake - Not Woke!
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Re: Home and Auto renewals increase?
[Re: fredeboy]
#8918360
09/16/23 07:21 PM
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Joined: Oct 2010
Posts: 2,902
topwater13
Veteran Tracker
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Joined: Oct 2010
Posts: 2,902 |
Homeowners went from $3200 to $5k. I shopped and still couldn’t do any better for the same coverage. Inflation strikes again.
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Re: Home and Auto renewals increase?
[Re: Jimbo1]
#8918363
09/16/23 07:24 PM
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Joined: Dec 2011
Posts: 1,751
fredeboy
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Pro Tracker
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OP
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Joined: Dec 2011
Posts: 1,751 |
Do you mind sharing who you use? The girl I use told me yesterday mine are going up 25% and said that was on the low end on increase they are seeing. Most being in 40% range
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Re: Home and Auto renewals increase?
[Re: fredeboy]
#8918453
09/16/23 10:19 PM
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Joined: Jul 2013
Posts: 6,068
tlk
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jul 2013
Posts: 6,068 |
most all of the insurance companies are in the same boat and increases will occur with them all - we are located in Texas - has anyone noticed the massive increase in traffic where you live? People are driving like maniacs in today's world - I see it everyday - In Georgetown I use to see an occasional wreck - now it is almost every day -
You can't fix stupid
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Re: Home and Auto renewals increase?
[Re: fredeboy]
#8918461
09/16/23 10:48 PM
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Joined: Dec 2008
Posts: 1,598
thegrouse
Pro Tracker
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Pro Tracker
Joined: Dec 2008
Posts: 1,598 |
3300 a year to 4900 a year. No changes
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Re: Home and Auto renewals increase?
[Re: fredeboy]
#8918504
09/17/23 01:57 AM
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Joined: Jun 2012
Posts: 1,835
5 Stand Dan
Pro Tracker
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Pro Tracker
Joined: Jun 2012
Posts: 1,835 |
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Re: Home and Auto renewals increase?
[Re: fredeboy]
#8918509
09/17/23 02:21 AM
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Joined: Jul 2011
Posts: 404
lost again
Bird Dog
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Bird Dog
Joined: Jul 2011
Posts: 404 |
Auto went up 30% for us. Homeowners doesn’t renew until February.
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Re: Home and Auto renewals increase?
[Re: fredeboy]
#8918518
09/17/23 02:44 AM
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Joined: Dec 2009
Posts: 9,865
The Dude Abides
THF Trophy Hunter
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Joined: Dec 2009
Posts: 9,865 |
You'll pay the man whether you like it or not. Remember...you're not paying for your claim free or good driving record.
I am still looking for the perfect apron, one with reinforced knee areas would be perfect.
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Re: Home and Auto renewals increase?
[Re: fredeboy]
#8918521
09/17/23 02:50 AM
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Joined: Oct 2010
Posts: 2,902
topwater13
Veteran Tracker
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Posts: 2,902 |
Do you mind sharing who you use? The girl I use told me yesterday mine are going up 25% and said that was on the low end on increase they are seeing. Most being in 40% range Travelers for now. But my guy is a broker that shopped multiple avenues.
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Re: Home and Auto renewals increase?
[Re: fredeboy]
#8918525
09/17/23 02:59 AM
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Joined: Jul 2007
Posts: 35,150
Brother in-law
THF Celebrity
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THF Celebrity
Joined: Jul 2007
Posts: 35,150 |
Shopping to pay more for less coverage
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Re: Home and Auto renewals increase?
[Re: Brother in-law]
#8918606
09/17/23 12:35 PM
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Joined: Jul 2019
Posts: 14,271
Hudbone
THF Celebrity
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THF Celebrity
Joined: Jul 2019
Posts: 14,271 |
Shopping to pay more for less coverage Yep, this is how it will work out for many. Price points will lead people to unwittingly accept less coverage from someone who doesn't inform them appropriately. It's what is happening. Our office ain't going that route and never will. Premiums are continuing to go up. No doubt (none) about that. The property and casualty industry is in disarray – almost 30 billion in losses last year and this year has started off even worse. Markets are disintegrating and all we are seeing is more restrictive underwriting, less coverage and ever increasing prices. Been doing this almost 40 years and have never been a part of such a market. Although the insuranc ecompanies had a big hand in this, insurance is on the end of the inflation trail, something we used to refer as being spiraling inflation. Unless our leaders in DC start to address the issues so prevalent in our national economy and everyday lives, I fear it will only get worse.
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Re: Home and Auto renewals increase?
[Re: fredeboy]
#8918761
09/17/23 08:00 PM
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Joined: Sep 2004
Posts: 8,441
stinkbelly
THF Trophy Hunter
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THF Trophy Hunter
Joined: Sep 2004
Posts: 8,441 |
100% increase in auto. Not so bad on home.
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Re: Home and Auto renewals increase?
[Re: fredeboy]
#8918771
09/17/23 08:17 PM
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Joined: Mar 2007
Posts: 5,725
tigger
THF Trophy Hunter
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THF Trophy Hunter
Joined: Mar 2007
Posts: 5,725 |
Look at what your property tex values did expect nothing less
Last edited by tigger; 09/17/23 08:18 PM.
Tigger If it isn't white it is not a birddog.
KC Lying is lying. Don't bitch about one doing it and condone another. That's called hypocrisy. _________________
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Re: Home and Auto renewals increase?
[Re: fredeboy]
#8918817
09/17/23 09:28 PM
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Joined: Dec 2011
Posts: 14,297
Ramsey
Pepe' Le Pew
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Pepe' Le Pew
Joined: Dec 2011
Posts: 14,297 |
I kept both at bay, but the company cancelled the product I was using for my rentals which excluded wind damage. Thus 450% increase or drop insurance all together! Not descided yet
Big Beckett!!
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Re: Home and Auto renewals increase?
[Re: fredeboy]
#8919104
09/18/23 11:14 AM
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Joined: Jul 2005
Posts: 3,309
Stump_jumper
Veteran Tracker
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Joined: Jul 2005
Posts: 3,309 |
I was with Safeco and had very good rates. Truck renewed in June and house in August. Total increase was about 30%. I started shopping in May. I have an independent agent but thought I would try a different one so I called Boekner. They got me some decent rates initially but then started asking ?s about who lived at my house. They sent me a list including my ex who moved back in last year. They increased the original quotes and they came in about the same as Safeco. So I called my agent back and she got lower rates with the same underwriter. At the end of the day truck and house went up 14%. From what I recall the largest part of the increase was on the truck.
I think the published inflation rates are BS. I calculated my inflation on insurance and electricity as a % of my total spend and it about what the government publishes for total inflation.
2017 Tundra 5.7 CM 4x4 2006 Champion 2200 Bay Boat
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