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Old 06-07-2020, 09:17 AM   #61
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Originally Posted by Midpack View Post
$292.03 for $2M. We have a 2018 Outback & a 2019 Accord Hybrid.

Though our auto insurance got the 15% discount w coronavirus, wonder if that will impact umbrella?
Yeah am wondering that also. Not to mention the most recent "excuses" for our car insurance premiums increasing was that more folks are driving more miles in FLA, so now logically the premiums should go down.
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Old 06-07-2020, 10:23 AM   #62
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$2m is an often quoted amount to have in order to have enough skin in the game to make it worthwhile for the lawyers to get involved to the fullest extent.
Heh, it also serves as an enticement for someone to sue you. Years ago my daughter was involved in accident. Suit was filed against us, reason really unknown. But lawyer for insurance company said that when someone finds a large umbrella policy it just invites them to file a suit, just playing the odds that they get a friendly judge and/or jury. But as you said it also caused insurance company to put a quality attorney on the case to cover their interest. In the end the suit was settled for an amount that covered the medical bills, which wasn't a whole lot.
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Old 06-09-2020, 03:49 PM   #63
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Our renewal that comes up 7/28 quotes us at 301.00 from Farmers for 1m. They carry all of our insurance.
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Old 06-09-2020, 03:54 PM   #64
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I'm paying around $1,000 for $5m via Travelers.

4 cars, two of them are luxury. 1 boat. Live in HCOL midwest suburb.
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Old 06-09-2020, 04:11 PM   #65
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Can yall share what you pay for how much umbrella? I looked through the forum and found a discussion dated 2014 but nothing recent. Maybe I didnt use the right search terms.

Just got our umbrella policy renewal. We carry $2m. Last year: $273. We bought a new Subaru Forester midyear and it went to $403. This year it remains $403. Does this seem realistic to yall? I looked for a survey of umbrella premiums and haven't seen one yet. Our underlying liabilities are a 100K rental prop, a 400k residence, a beater car and a Subaru Forester. We have USAA and we have all policies with them (yeah I know, theyre high sometimes but they have paid 100pct of the time within a day of loss or so, so we stay with them. Reroofed the rental prop no probs etc etc) Is this just the regular USAA markup, is everyone's this high? What do yall think? We are in South Texas if that's relevant.

THanks

Hmmmm...we carry $5M coverage and our annual premium is $338.48. We live in Central TX and have USAA as well. Our annual premium (same coverage) decreased from $492 when we relocated from HI to TX. We used to be with RLI (they have an affiliation with USAA) but switched to USAA for better rates (we were paying $547 for a $2M coverage in HI).
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umbrella renewal
Old 06-09-2020, 04:11 PM   #66
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umbrella renewal

$2m in central Indiana with Liberty Mutual went from $365 last year to $407 this year
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Old 06-09-2020, 04:15 PM   #67
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So I'm not RE yet (prob in next 7 years). I don't have umbrella coverage. Is it worthwhile if I have 100/300 injury coverage on autos?

Also, any experience on insurance companies actually making good on that policy? I had so so experience with Geico on an auto claim (other driver 100% at fault).
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Old 06-09-2020, 04:45 PM   #68
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$375 for 4 million.
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Old 06-09-2020, 04:53 PM   #69
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$243/year in South Carolina for $2M. No increase for the past three years. In South Carolina the bigger insurance cost is having homeowners and car insurance coverage increased so I can get umbrella insurance.
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Old 06-09-2020, 05:02 PM   #70
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1m / 235 yr....2 cars, midwest
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Old 06-09-2020, 05:09 PM   #71
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Single person with one vehicle, no significant insurance claim history, and all my insurance business with State Farm, my $1M PLUP at State Farm (Seattle metro area) is $266 per year.
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Old 06-09-2020, 05:33 PM   #72
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We pay $336 per year for 1 million in central Indiana. One house and two cars with State Farm.
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Old 06-09-2020, 05:33 PM   #73
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TN chiming in

About $400 for $2M here in TN. We have a truck, an SUV, and two Harleys along with a very large house.
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Old 06-09-2020, 06:15 PM   #74
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$419 for 2M thru RLI. We are 58 and 63, full time RVers in a Class A with a Jeep, based out of SD. 3M would have been $559.
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Old 06-09-2020, 06:31 PM   #75
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About $650 for $4mm, but I believe rates were based not necessarily on the number of houses and cars, but questions such as kids in the house, whether you deliver or drive for others, type of dogs you own, and perhaps firearms in the house. In Atlanta here, usaa, 7 cars, 2 teen boys, OMY!
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Old 06-09-2020, 06:40 PM   #76
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We pay $336 per year for 1 million in central Indiana. One house and two cars with State Farm.
That sounds expensive.
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Old 06-09-2020, 07:01 PM   #77
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$269 for $1MM, southern Arizona. Two drivers, 3 vehicles and 2 homes. Coverage by AARP/Hartford.
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Old 06-09-2020, 07:20 PM   #78
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$574 for $5MM in Nebraska with Allstate. One car, one house, two drivers.
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Old 06-09-2020, 07:29 PM   #79
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As a retired Canadian couple with separate liability on Canadian auto (which covers US events), home and Florida condo, I am perplexed by this umbrella liability thing.

Is this something I should be getting?
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Old 06-09-2020, 07:47 PM   #80
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Another data point: $3M, 2 cars (one high performance) + truck + rv, upstate NY = $566 at Amica.
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