Sojourner
Thinks s/he gets paid by the post
- Joined
- Jan 8, 2012
- Messages
- 2,611
I'm shopping around for a new HO insurance policy, since my current/previous company decided to switch to a different underwriter and my premium is going up by more than 60%.
I've gotten a variety of online quotes from various companies, and most of them are within about $100-200 of each other for the annual premium. But one is noticeably lower, much closer to what I've been paying for the past few years. However, I heard from someone in my neighborhood that this particular insurance company has a not-so-good reputation when it comes to paying out claims. The one claim I had a couple years ago (the only HO insurance claim I've ever made in nearly 20 years of being a homeowner) was paid pretty quickly with no issues.
So my question is, would you go with a company offering a substantially lower premium than the others, or would you prioritize the company's reputation for how quickly and smoothly they handle claims payments? I'm tempted to make the decision based mostly on price, since I only have anecdotal evidence of how customer-friendly these companies are when it comes to handling claims. FYI, the company I'm considering going with is Allstate.
I've gotten a variety of online quotes from various companies, and most of them are within about $100-200 of each other for the annual premium. But one is noticeably lower, much closer to what I've been paying for the past few years. However, I heard from someone in my neighborhood that this particular insurance company has a not-so-good reputation when it comes to paying out claims. The one claim I had a couple years ago (the only HO insurance claim I've ever made in nearly 20 years of being a homeowner) was paid pretty quickly with no issues.
So my question is, would you go with a company offering a substantially lower premium than the others, or would you prioritize the company's reputation for how quickly and smoothly they handle claims payments? I'm tempted to make the decision based mostly on price, since I only have anecdotal evidence of how customer-friendly these companies are when it comes to handling claims. FYI, the company I'm considering going with is Allstate.