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Post by sunnyd on Jun 11, 2024 0:40:44 GMT
Just curious how much your annual homeowner's insurance policy is. I know it varies widely depending on location, home value and coverages. Mine is $907 and we've never had a claim. Last year it was $651 so it increased 40%. Ugh!
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Post by SweetieBugs on Jun 11, 2024 0:47:57 GMT
$2300, up from $1700 last year and around $900 back in 2018.
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Post by ntsf on Jun 11, 2024 0:52:42 GMT
its about 1300 plus 1500 for barebones earthquake insurance.
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Post by chaosisapony on Jun 11, 2024 0:57:42 GMT
Right around $900. I got dropped by my old company (that's what living in California will do for you) last year. They were $650. I was lucky to even find insurance at all so the fact that I got a policy for $900 shocked me and shocked me again that they renewed me this year. The Fair Plan state insurance was almost $3,000/year.
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Post by Linda on Jun 11, 2024 0:59:46 GMT
I have no idea but it keeps going up (DH handles the insurance) - I live in Florida and while we haven't had any claims, the house insurance market here is nuts
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Post by calgaryscrapper on Jun 11, 2024 1:04:30 GMT
$1500 here in Alberta Canada. Rates are tied to our credit rating (which is excellent). Call your insurance company and ask why your rate is so much higher.
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Post by lisae on Jun 11, 2024 1:18:59 GMT
About $1700. I upped my coverage last year and rates went up as well. It costs so much more now to build than what I had coverage for so it really wasn't adequate anymore.
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Post by **GypsyGirl** on Jun 11, 2024 1:29:49 GMT
Last year it was $651 so it increased 40%. I'm hearing that insurance rates are going up significantly all over the country - in large part due to all the weather events and disasters we've been having the past few years. DD's Renter's Insurance just went up 50%. I've heard from several friends that their rates have gone up 30% with their renewals. We find out what our new rate is later this month and I am dreading it. Considering it was just over $5,000 last year an increase like that is going to be painful. Our deductible is 1% for most claims, but 2% for windstorm and hail damage. We've been fortunate and have never filed a claim in 33 years. |
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seaexplore
Prolific Pea
Posts: 8,887
Apr 25, 2015 23:57:30 GMT
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Post by seaexplore on Jun 11, 2024 1:43:30 GMT
I have no idea (DH pays it) but it went up 49.8% this year. When DH called to ask what the deal was we were told that during Covid insurance companies were limited in how much they could increase each year and that limitation fell off this year and they were allowed to raise rates UP TO FIFTY PERCENT! We are lucky we even have insurance and donāt have to use the (not)fair plan via CA.
Same crap happened to my auto insurance. No tickets, no accidents, huge increase.
My health insurance is going up 9.7% this year (I will now be paying $2200/mo from my check- a $200/mo increase)
Our water is up to almost $500 every 2 months.
Garbage is increasing I donāt know how much.
Natural gas has increased a bunch.
Everything but my income is going up up up. It sucks. We canāt get ahead.
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Post by chaosisapony on Jun 11, 2024 1:52:18 GMT
Same crap happened to my auto insurance. No tickets, no accidents, huge increase. My health insurance is going up 9.7% this year (I will now be paying $2200/mo from my check- a $200/mo increase) Our water is up to almost $500 every 2 months. Garbage is increasing I donāt know how much. Natural gas has increased a bunch. It's awful. My work just completed a salary study and my position is going up by $445/month. Which is great and all but it's still not nearly enough to keep up with the price of basic needs these days. My water company sent out a notice that they are seeking a 300% increase in rates. Electricity rates go up and up every year. My propane bills are to the point where I just send them a couple hundred bucks every month regardless of if they have even delivered or not. My car insurance went up $40 for no reason. There just doesn't seem to be a way to ever get ahead. |
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basketdiva
Pearl Clutcher
Posts: 3,664 
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Post by basketdiva on Jun 11, 2024 2:05:45 GMT
$1500 here in Alberta Canada. Rates are tied to our credit rating (which is excellent). Call your insurance company and ask why your rate is so much higher. During Covid WA decided credit rating wasn't fair since people were out of work. Due to that our insurance has gone up the past 2 years.
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Post by mom on Jun 11, 2024 2:12:37 GMT
No clue as DH pays ours at the beginning of the year. But I know it went up right around 45% even though we didn't have a claim in over 14 years.
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Post by AussieMeg on Jun 11, 2024 2:18:18 GMT
I pay my home and contents insurance monthly, so it doesnāt seem so bad. Itās currently $295 per month, which is [gulp] $3540 per annum!
In the last three years, it has gone up from $167 to $214 to $295. Ridiculous!!
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pantsonfire
Drama Llama
Take a step back, evaluate what is important, and enjoy your life with those who you love.
Posts: 6,300
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Post by pantsonfire on Jun 11, 2024 2:23:55 GMT
I have no idea (DH pays it) but it went up 49.8% this year. When DH called to ask what the deal was we were told that during Covid insurance companies were limited in how much they could increase each year and that limitation fell off this year and they were allowed to raise rates UP TO FIFTY PERCENT! We are lucky we even have insurance and donāt have to use the (not)fair plan via CA. Same crap happened to my auto insurance. No tickets, no accidents, huge increase.My health insurance is going up 9.7% this year (I will now be paying $2200/mo from my check- a $200/mo increase) Our water is up to almost $500 every 2 months. Garbage is increasing I donāt know how much. Natural gas has increased a bunch. Everything but my income is going up up up. It sucks. We canāt get ahead. Who do you have? Have you looked at AAA? We pay 9 months a year with the first payment being the highest, last being the lowest. We had an $11 increase per month from the previous year. I like that over summer, when our Edison bill is sky high, we have no auto insurance payment. It helps level out the freaking cost of running our AC. |
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pantsonfire
Drama Llama
Take a step back, evaluate what is important, and enjoy your life with those who you love.
Posts: 6,300
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Post by pantsonfire on Jun 11, 2024 2:26:12 GMT
We rent a townhome. So no homeowners insurance but I pay $130 1 time a year for moderate tier Earthquake insurance and then for the straight renters, $128 1 time a year. I have a few friends who were dropped by their homeowners insurance and had to scramble to find a new carrier.
What boggles my mind is the cost of property tax. Holy sh!t!!
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Post by **GypsyGirl** on Jun 11, 2024 2:33:05 GMT
I have a few friends who were dropped by their homeowners insurance and had to scramble to find a new carrier. Last week it was on the news about insurance companies using drones to survey homes and dropping people for things like bad roofs and general disrepair of homes. So they are actively looking for people to drop it seems. |
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Post by FrozenPea on Jun 11, 2024 2:55:18 GMT
$1490 annually. We have usaa.
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snyder
Pearl Clutcher
Posts: 4,350
Location: Colorado
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Post by snyder on Jun 11, 2024 3:03:45 GMT
When I bought my home 31 years ago, my home insurance was $470 a year It is now $3,280. That is weith a $1,000 deductible, but if I change to $5,000 deductible, it would be $2,870.
Car insurance has gone up quit a bit as well.
I live in an area that has had 2 hurge fires and several severe hail and wether episodes.
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Post by buddysmom on Jun 11, 2024 3:53:05 GMT
Almost $6000 per year in FL. Was about $5200 last year.
Luckily we weren't cancelled, we've been cancelled many times, zero claims in 30+ years here.
Prices for insurance are crazy here. Many/most companies cancel you if your roof is over 15 years old.
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Post by KelleeM on Jun 11, 2024 4:28:43 GMT
Mine is $669 a year for āwalls inā insurance on a townhouse. I have had one very minor claim in the 8 years since I have been here.
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seaexplore
Prolific Pea
Posts: 8,887
Apr 25, 2015 23:57:30 GMT
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Post by seaexplore on Jun 11, 2024 5:03:00 GMT
I have no idea (DH pays it) but it went up 49.8% this year. When DH called to ask what the deal was we were told that during Covid insurance companies were limited in how much they could increase each year and that limitation fell off this year and they were allowed to raise rates UP TO FIFTY PERCENT! We are lucky we even have insurance and donāt have to use the (not)fair plan via CA. Same crap happened to my auto insurance. No tickets, no accidents, huge increase.My health insurance is going up 9.7% this year (I will now be paying $2200/mo from my check- a $200/mo increase) Our water is up to almost $500 every 2 months. Garbage is increasing I donāt know how much. Natural gas has increased a bunch. Everything but my income is going up up up. It sucks. We canāt get ahead. Who do you have? Have you looked at AAA? We pay 9 months a year with the first payment being the highest, last being the lowest. We had an $11 increase per month from the previous year. I like that over summer, when our Edison bill is sky high, we have no auto insurance payment. It helps level out the freaking cost of running our AC. We shopped allllll the carriers. We actually got a discount bundling home and auto with California casualty. |
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pantsonfire
Drama Llama
Take a step back, evaluate what is important, and enjoy your life with those who you love.
Posts: 6,300
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Post by pantsonfire on Jun 11, 2024 5:13:16 GMT
I have a few friends who were dropped by their homeowners insurance and had to scramble to find a new carrier. Last week it was on the news about insurance companies using drones to survey homes and dropping people for things like bad roofs and general disrepair of homes. So they are actively looking for people to drop it seems. This was due to being in fire area. But yes I have seen those videos about the drones. |
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lesley
Drama Llama
My best friend Turriff, desperately missed.
Posts: 7,342
Location: Scotland, Scotland, Scotland
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Post by lesley on Jun 11, 2024 8:58:15 GMT
Some of your costs are crazy! I pay Ā£660 annually for buildings and contents insurance (the latter up to Ā£100k), with an excess of Ā£100 for each. I had a claim for about Ā£4.5k three years ago which increased my bill by about 20%.
Of course, we tend not to have extreme weather situations here, and I am not at risk of flooding, so that all helps.
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Post by melanell on Jun 11, 2024 10:52:16 GMT
Approx. $1100 annually, plus an additional $915 for flood insurance.
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SweetieBsMom
Pearl Clutcher
Posts: 4,789
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Post by SweetieBsMom on Jun 11, 2024 11:21:24 GMT
I just wrote the check for this year's insurance: $2,393.00 June kills me every year b/c I pay the home insurance and for propane for the year, that went down by $100. I was paying $2k back in 2020 and it's down to roughly $1,400 this year, global warming and warmer winters.
Insurance companies using drones to check people's properties/roofs is the new thing. It was on our local news recently. One guy was told unless he replaces his roof his policy wouldn't be renewed and another guy was told that he had to cut down trees or his policy wouldn't be renewed. I need to cut down some tall pines this summer, I'm nervous about hurricane season this year.
I also read another article that rates are going up everywhere due to what happens in other parts of the country like Florida with hurricanes and California with wild fires. I guess I never thought of it that way but it makes sense.
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Post by lisae on Jun 11, 2024 11:38:28 GMT
Some of your costs are crazy! I pay Ā£660 annually for buildings and contents insurance (the latter up to Ā£100k), with an excess of Ā£100 for each. I had a claim for about Ā£4.5k three years ago which increased my bill by about 20%. Of course, we tend not to have extreme weather situations here, and I am not at risk of flooding, so that all helps. I don't know about other states but claims have not increased our homeowner's insurance. I've never heard of that happening here for homeowners. It does for car insurance for 3 years if you have an accident that is your fault and insurance has to pay. |
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Post by karenlou on Jun 11, 2024 11:52:40 GMT
Mine was up this year as well..Up a lot from 1100. to 1971.00, Owned this house for 21 years no claims ever...However was formally with Met Auto/Home and they sold out to Farmers...Not so Happy with Farmers after that increase. My auto insurance jumped as well š
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Post by Linda on Jun 11, 2024 12:28:10 GMT
Insurance companies using drones to check people's properties/roofs is the new thing. It was on our local news recently. One guy was told unless he replaces his roof his policy wouldn't be renewed Our across the street neighbour replaced his roof because the insurance company wouldn't renew him otherwise. |
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Post by whipea on Jun 11, 2024 12:42:13 GMT
Just received the new bill, $10,000.00 a year. When we bought the house in 2018 it was $2,800.00. In Florida about fifteen miles from the coast. CBS house, up to code with all the required hurricane protections.
This is our of control, Governor is too busy banning books, suppressing LGBT people and putting prayer in school to address this issue. Long time residents are being pushed out of their homes due the cost of homeowner's insurance.
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Post by Mary_K on Jun 11, 2024 13:57:56 GMT
$1200
I really expect it will be increased by a lot next year as this company (and other companies I've heard) has really increased their rates for all of our vehicles.
Mary K
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