Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 11-07-2023, 07:24 PM   #41
Thinks s/he gets paid by the post
 
Join Date: May 2006
Location: Orlando
Posts: 2,601
Quote:
Originally Posted by wrigley View Post
Funny....I live in Florida and my wife and I are both retired military. I have shopped around and have found USAA to be one of the highest. One thing I will give them koodos for is that they WOULD insure my home if I wanted them to unlike so many other insurance companies that say "NO" right off the bat as soon as you tell them you want to insure your home in Florida! I have used a couple independent brokers and have had limited success. I have been with my current company for about 4 years now and although I'd like to pay less, I am really happy that I actually have homeowner's insurance. On a weekly basis I hear from neighbors, co-workers, and friends that live in Florida who tell me their policies have been cancelled!

Mike
We have USAA as our 'agent' but our insurance is from Tower Hill. You might ask them to shop your policy to their other providers. USAA was at least $1,000 more than Tower Hill because they quoted at my 2023-2024 renewal. When we first moved into this house in Central FL, USAA wasn't writing any policies in our area and 'sent' us to one of their partner providers.
Buckeye is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-07-2023, 09:27 PM   #42
Full time employment: Posting here.
 
Join Date: Nov 2015
Posts: 569
My USAA auto renewal went up from $713 to $720 for 6 mos. Renters won't renew until May but has been $145 annually.
teej1985 is offline   Reply With Quote
Old 11-08-2023, 07:59 AM   #43
Full time employment: Posting here.
wrigley's Avatar
 
Join Date: Nov 2008
Location: Jacksonville
Posts: 619
Quote:
Originally Posted by Buckeye View Post
We have USAA as our 'agent' but our insurance is from Tower Hill. You might ask them to shop your policy to their other providers. USAA was at least $1,000 more than Tower Hill because they quoted at my 2023-2024 renewal. When we first moved into this house in Central FL, USAA wasn't writing any policies in our area and 'sent' us to one of their partner providers.
I had Tower Hill for about 7 years. The first 3-4 years they were consistent with what I thought were fair premiums and annual increases. The last 3 years were this:

2019 = $1530.00
2020 = $1785.00
2021 = $2416.00
2022 = $3001.00

Hope I didn't jinx you!

Mike
wrigley is offline   Reply With Quote
Old 11-08-2023, 08:20 AM   #44
Thinks s/he gets paid by the post
 
Join Date: Jan 2016
Posts: 1,140
Just got our renewal in New Hampshire. Our's went up close to $100 for the year. It's with Progressive (Homesite)
meleana is offline   Reply With Quote
Old 11-08-2023, 11:50 AM   #45
Dryer sheet wannabe
 
Join Date: Jan 2019
Posts: 12
I purchase the insurance for our condo complex in FL (Gulf Side). Our rate has TRIPLED in the last three years. And we escaped most of the Ian damage.
Catawba Chuck is offline   Reply With Quote
Old 11-08-2023, 01:30 PM   #46
Recycles dryer sheets
OldGuy's Avatar
 
Join Date: Nov 2007
Posts: 87
Another USAA member (53 yrs & counting)...
USAA effectively left Florida 3-4 years' ago after IRMA, so they now broker our HO-6 coverage to Progressive and act as the agent of record. Progressive is much more likely to modify coverages than USAA was when they actually underwrote homeowners' insurance.
We've greatly reduced our furnishings coverage, increased deductibles and leveraged the age of our building (10+ years) and the fact that post-Andrew everything is built like a brick outhouse. Hurricane coverage is bundled with P&C coverage, so we're seeing an 18.5% increase this year. MUCH BETTER than what our COA was able to negotiate for their parts of the buildings, which is going up 40%+ in 2024. Can't wait for 2-25, post-IAN and -IDALIA!
All in, better than a sharp stick in the eye, but we've played with deductibles, add-ons, etc. to keep premiums within reason (whatever that is these days).
YMMV.
__________________
Those who were seen dancing were thought to be crazy by those who could not hear the music. Friedrich Nietzsche.
OldGuy is offline   Reply With Quote
Old 11-09-2023, 12:48 AM   #47
Thinks s/he gets paid by the post
 
Join Date: May 2006
Location: Orlando
Posts: 2,601
Quote:
Originally Posted by Global Wizzo View Post
Interesting. I had USAA quote a HO policy in FL. Compared to State Farm. The quote was nearly 1K more than SF policy. Very high deductible. My current policy has a minimal flat deductible including hurricane damage. USAA would also not recognize the hurricane damage mitigation for a discount.

They really arenít the company they were in the 70s.
Or they are they are actually correctly pricing the risk and taking care of the owners of the company...us!
Buckeye is offline   Reply With Quote
Old 11-09-2023, 01:00 AM   #48
Thinks s/he gets paid by the post
 
Join Date: May 2006
Location: Orlando
Posts: 2,601
Quote:
Originally Posted by wrigley View Post
I had Tower Hill for about 7 years. The first 3-4 years they were consistent with what I thought were fair premiums and annual increases. The last 3 years were this:

2019 = $1530.00
2020 = $1785.00
2021 = $2416.00
2022 = $3001.00

Hope I didn't jinx you!

Mike
We're just all happy to have a policy we can pay a premium on, right!

2019: $1,410 $344,000 dwelling coverage, $1,000 deductible
2021: $1,698 $387,000 dwelling coverage, $1,000 deductible
2023: $2,019 $460,000 dwelling coverage, $5,000 deductible
Buckeye is offline   Reply With Quote
Old 11-09-2023, 01:02 AM   #49
Thinks s/he gets paid by the post
 
Join Date: May 2006
Location: Orlando
Posts: 2,601
Quote:
Originally Posted by SecondCor521 View Post
I get refunds too, but not that big.

I will hit 40 years with USAA sometime in the next few years. Not sure if I qualify for the member account thing since I am a (former) military dependent and thus not "real" USAA. I should probably ask about that.
The extra bonus that comes at 40 years is nice. I think it was double or triple the regular bonus last year, my first year of the senior bonus.
Buckeye is offline   Reply With Quote
Old 11-09-2023, 01:03 AM   #50
Thinks s/he gets paid by the post
 
Join Date: May 2006
Location: Orlando
Posts: 2,601
Quote:
Originally Posted by ShokWaveRider View Post
We have a 3,200 sqft Concrete home with a concrete tile roof, built in 2002, 1.5 miles from the beach in NE. Fla. Our home insurance went up $100 to $1,336 this year, Flood is $600.
That's a really good price! $100,000 deductible?
Buckeye is offline   Reply With Quote
Old 11-09-2023, 05:40 AM   #51
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2011
Posts: 8,115
Quote:
Originally Posted by tulak View Post
For b, I use an independent agent and pay the insurance company directly. Does this vary by state?

I’ve used an independent agent since 2015. Since then, I’ve been insured with two different companies, three different times.

I’ve always used the same company for home/auto/umbrella coverage. I prefer to keep them all with one company to make it easier, plus you usually get a discount.

Regardless if you stick with USAA, it doesn’t hurt to talk to an independent agent and see what they can offer.
+1. Since the days of my grandad our family have used the same insurance agent. A few years ago they saved us over $1700 by switching to a different homeowners company (we lived oceanfront at the time and some underwriter got nervous about rising tides.)

This coming year our homeowners went up $3 a month.

An added plus: they also go to the DMV for you at no charge for most registration issues. A chore that I'd rather have root canal.
__________________
Living well is the best revenge!
Retired @ 52 in 2005
marko is offline   Reply With Quote
Old 11-18-2023, 09:03 AM   #52
Thinks s/he gets paid by the post
 
Join Date: Jan 2010
Location: dubuque
Posts: 1,150
my home and car insurance went up from 2400 in 2022 to 3600 in 2023 and my agent said the premium for 2024 was going to be 4600. I got quotes from two other insurance companies that were 1200 dollars cheaper. Does anyone here use cincinnati insurance or american family insurance and what is your experience with them? thanks for any input.

frank
frank is offline   Reply With Quote
Old 11-18-2023, 10:53 AM   #53
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Teacher Terry's Avatar
 
Join Date: Jun 2014
Posts: 6,821
Quote:
Originally Posted by frank View Post
my home and car insurance went up from 2400 in 2022 to 3600 in 2023 and my agent said the premium for 2024 was going to be 4600. I got quotes from two other insurance companies that were 1200 dollars cheaper. Does anyone here use cincinnati insurance or american family insurance and what is your experience with them? thanks for any input.

frank
I have used American Family in the past and they were excellent.
Teacher Terry is offline   Reply With Quote
Old 11-18-2023, 04:01 PM   #54
Full time employment: Posting here.
 
Join Date: Nov 2015
Posts: 569
Quote:
Originally Posted by marko View Post
+1. Since the days of my grandad our family have used the same insurance agent. A few years ago they saved us over $1700 by switching to a different homeowners company (we lived oceanfront at the time and some underwriter got nervous about rising tides.)

This coming year our homeowners went up $3 a month.

An added plus: they also go to the DMV for you at no charge for most registration issues. A chore that I'd rather have root canal.
I would imagine that you are not in Florida?!?!
teej1985 is offline   Reply With Quote
Reply

Tags
homeowner, increase, insurance


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Florida homeowner's insurance MovingtotheCove Life after FIRE 23 12-05-2010 10:41 AM
Homeowner Insurance overcharged on premium Bram Other topics 0 11-13-2010 11:03 AM
Wage Increases vs. CPI Increases TromboneAl FIRE and Money 19 05-06-2005 02:05 PM

» Quick Links

 
All times are GMT -6. The time now is 11:39 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.