Are Your Insurance Rates Up Again? Recommendations?

[RedNeckGeek]

Just got the renewal notices for my homeowners and truck policies, and both are up about 15%/year. I've had no claims or changes to the coverage limits, the truck is another year older, and I've made no changes to the homes. When I asked the agent for an explanation, all I got were vague references to increased costs for medical liability, collision repair, and decreasing discounts. I just started with this company (Liberty Mutual) last year, and I'm feeling like they used a loss leader to get me to make the switch. I wonder if others are seeing the same level of increases, or if this is just localized to Liberty Mutual?

As a result, I'm out shopping for another provider. Any recommendations?

Thanks in advance...

 

[murphy1244]

Just got the renewal notices for my homeowners and truck policies, and both are up about 15%/year. I've had no claims or changes to the coverage limits, the truck is another year older, and I've made no changes to the homes. When I asked the agent for an explanation, all I got were vague references to increased costs for medical liability, collision repair, and decreasing discounts. I just started with this company (Liberty Mutual) last year, and I'm feeling like they used a loss leader to get me to make the switch. I wonder if others are seeing the same level of increases, or if this is just localized to Liberty Mutual?

As a result, I'm out shopping for another provider. Any recommendations?

Thanks in advance,

Scot

That happened to me last year when I changed company's.The same amount 15%. Went back to State Farm. The old bait and switch I think.

 

[mjarrels]

Wish mine only went up 15%... mine was more like 40%. My bet is all state capitals are surounded by insurance lobbyist.

mark

 

[MacLawn]

That's one reason I'm afraid to switch! Been with State Farm about 40 years for house and trucks, travel trailer. I have account with USAA and thought of going with them because of reputation they have, but last time I called them, they said it'd be hard to beat State Farm because we've been with them so long. We're stuck boys, stuck.

 

[dave1949]

I think all you can do is shop new insurers every couple of years.

I have Liberty Mutual Auto only and my rates have been steady for the past 3-4 years. Two years ago I switched home insurers away from State Farm because the rates just kept going up; no claims, no changes.

I've been using a local independent insurance agent. They can shop your policy around to a variety of underwriters to find the best values.

 

[buckshot721]

Run and hide from Liberty Mut. When had them for 10 yrs and never a claim. About 2 yrs ago we had a tornado come through and do some damage on the house. Three contractors came out to look at our damage, the cheapest was 130,000. They issued a check to me for $18,000 total! Fought with them for over a year, had to hire a public adjustor at 10% finally ended up with with a total $90,000 from them and I'm still out almost $25,000 of my retirement savings to finish repairs. The actually called me a liar over the phone and said I was padding the the repairs.

 

[Western]

Call Amica and get a quote...

 

[bobmisi]

I have been with my independent agent for 40 years and I have them shop my policy around every 5 years. Every time they do it goes down, sometimes significantly. Just make sure they stay with a top rated company, which you can check out on your state's websites.

 

[k0ua]

I think all you can do is shop new insurers every couple of years.

I have Liberty Mutual Auto only and my rates have been steady for the past 3-4 years. Two years ago I switched home insurers away from State Farm because the rates just kept going up; no claims, no changes.

I've been using a local independent insurance agent. They can shop your policy around to a variety of underwriters to find the best values.

yep, this is what you need to do.

 

[stingray1]

State Farm has been braking it off in my ***** for the past 2 to 3 years on my home,cars and truck.