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Post by melanieg on Jun 11, 2024 14:12:09 GMT
Mine is under $300 to cover my condo. However the insurance for the building is almost $30,000.
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iowgirl
Pearl Clutcher
Posts: 4,319 
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Post by iowgirl on Jun 11, 2024 14:14:19 GMT
Over 6K. But it is a Farm & Ranch policy. I have another umbrella policy that isn't too much to cover some wackadoodle stuff that 'might' happen. 'Might Happen' is the story of our life on the ranch... lol
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Post by katlady on Jun 11, 2024 14:51:47 GMT
This year is the highest we’ve ever paid, so far. A little over $5K. We also have an umbrella policy, so we have high coverage which is part of the reason ours is so expensive. But we are “lucky” we have insurance because lot of homes in areas around us are being dropped due to fire danger. It is so crazy! We must have insurance yet companies are dropping people!
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Post by crazy4scraps on Jun 11, 2024 16:34:59 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. 100% this. There have been so many more floods, record heat, hurricanes, tornadoes, weird winter storms hitting places that typically never see that kind of weather that the insurance companies have been taking a bath in recent years with all the claims coming in. I couldn’t say what our homeowners is because it’s bundled with a lot of other stuff rolled in, but it has gone up. DH shops it pretty regularly. We are insuring four places and three businesses so he really likes staying on top of it to get the best rates possible. After listening to the news last night, it sounds like energy rates will be going up too for many of the same reasons, record heat and weird winter weather trends so it looks like we got our solar hooked up just in time. Even on the hottest day last week with our AC on, our meter was still spinning backward. 👍 |
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Post by cakediva on Jun 11, 2024 16:48:33 GMT
I'm in Canada, so different here likely.
But we pay $194/month for house insurance.
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Post by ~summer~ on Jun 11, 2024 16:53:19 GMT
I think ours is about $1500/year. Policies though are getting cancelled left and right due to extreme fire danger.
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Post by lurker on Jun 11, 2024 17:20:16 GMT
$1580 plus $706 for flood insurance thru FEMA. The flood insurance premium has actually dropped by half. Agent said it's due to drought conditions that have lessened the likelihood of flooding. Wouldn't know it with all the rain the last few weeks.
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TXMary
Pearl Clutcher
And so many nights I just dream of the ocean. God, I wish I was sailin' again.
Posts: 3,039
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Post by TXMary on Jun 11, 2024 17:36:40 GMT
Last year ours was $4500. It renews next month (hopefully) and I'm afraid to see what it's going to be. We hadn't had a claim since 2008 until our tornado a few weeks ago. We got checks in the mail from our insurance company yesterday for our damage totaling about $44,000. Our deductible is $1000. Our car insurance has also gone up a lot and no longer pays dividends like it used to. We haven't had a claim on our cars since 2008. Same hail storm as the house back then.
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Post by mbanda on Jun 11, 2024 19:41:22 GMT
This year it is $3389. I'm in Texas and had to shop around just to get that price which is lower than what my renewal was going to be. We had a roof claim in 2018 (with a different provider) but otherwise nothing else. I have a very average, 2200 sqft single story ranch-style house built in the 60's.
When I was shopping, I had multiple brokers tell me that very few insurance companies are even writing new homeowner's policies in Texas and many companies will be pulling out due to the weather we have here in the state (tornados, hail, hurricanes). My auto insurance went up quite a bit as well even though we've had no claims and all of our vehicles are paid off.
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The Birdhouse Lady
Drama Llama
Moose. It's what's for dinner.
Posts: 7,414
Location: Alaska -The Last Frontier
Jun 30, 2014 17:15:19 GMT
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Post by The Birdhouse Lady on Jun 11, 2024 20:34:11 GMT
I had no idea and had to look it up.  We are paying 1807.12 this year. We have never filed a claim. |
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Post by aj2hall on Jun 11, 2024 20:35:39 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. We have USAA and I've heard that rates for USAA are going up in part because they have to cover areas like Florida and California. Other companies can just stop offering insurance in those areas. eta - I thought this was interesting www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/farmers-usaa-boost-homeowner-insurance-rates-by-double-digits-in-2023-77690424USAA raised rates in 44 states through the first eight months of 2023, with about 60% having a double-digit calculated effective rate increase. The 36.6% effective rate change in Arizona is the largest for the Texas-based insurer. The insurer raised rates by over 30% in two other states — Colorado's effective rate change was 34.7% and Tennessee's was 30.1%. |
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Post by Sorrel on Jun 11, 2024 22:07:56 GMT
$3500 a year, Denver Colorado. Has gone up 25% a year the last 3 years, with no end in sight. I don't even live in a fire area, but live in a fire prone state, plus major hail issues. I have never even made a claim. Don't get me started on the auto insurance.
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Judy26
Pearl Clutcher
MOTFY Bitchy Nursemaid
Posts: 2,974
Location: NW PA
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Post by Judy26 on Jun 11, 2024 23:36:47 GMT
I spent the day today listening to the sound of my roof being replaced. I had California Casualty for decades but they stopped covering PA. We now have Travelers and they wouldn’t cover my house until the roof was replaced. It was 28 years old so I understand their reasoning. My insurance will be 1200/year bundled with my car insurance (675/year). So I’m spending $$ on the roof but the insurance costs are fairly reasonable.
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Post by beaglemom on Jun 12, 2024 5:38:22 GMT
$10,000+. We have the California Fair Plan for fire and Mercury for everything else. We are in an area that unless you are super grandfathered in everyone has to get fire through the Fain Plan. And at the moment it doesn't actually cover what would be our full costs to rebuild because it has a low (for CA) cap on how much it covers.
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Post by Darcy Collins on Jun 12, 2024 8:09:50 GMT
Outrageous - our renewal is in September so hoping it doesn't go up 30+% again. And auto is a whole other disaster. Can't wait until we can boot our son for the policy. FYI most companies require all household members be included on all cars even if they aren't allowed to drive them - should have waited a few years on my "fun" car.
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paigekay
New Member
Posts: 6
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Post by paigekay on Jun 12, 2024 12:29:02 GMT
Florida here. 3 bed/ 2 bath 1800 sq ft house 60 miles inland from the coast. $5600 last year and no insurance this year because we were dropped due to our roof being 16 years old.
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Post by lily on Jun 12, 2024 13:25:07 GMT
I don't remember the exact amount but I DO remember that my husband has complained the last two years that it has gone up about 15% each year. When he called last year and asked why they said the cost of lumber has increased.
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Post by Cupcake on Jun 12, 2024 13:52:33 GMT
I will consider myself lucky… we are in New England and paid $3435 for our 2 homeowner policies. One went up 5%, but the other actually went down 13%, I assume because we put a new roof on the house about 18 months ago. We go through a local insurance agency that prices it out to different companies, which caused us to leave Amica after many many years. We have been with Hanover for the last few years and have been happy with them.
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tracylynn
Pearl Clutcher
Posts: 4,903
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Post by tracylynn on Jun 12, 2024 16:50:13 GMT
For the first 4 years I was in this house it was around $355/year. This year it jumped to around $450-500/year.
My car insurance is something else. I need to call an Insurance broker and shop that around. Last year my car insurance jumped up $200/year. This year it jumped another $700/year. An increase of $900 in 2 years when I have zero claims seems a little crazy to me.
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Gem Girl
Pearl Clutcher
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Posts: 2,686
Jun 29, 2014 19:29:52 GMT
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Post by Gem Girl on Jun 12, 2024 21:01:48 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. Ours was looking for tree limbs overhanging the house, as well. |
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sweetpeasmom
Pearl Clutcher
Posts: 2,710
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Post by sweetpeasmom on Jun 12, 2024 23:43:54 GMT
I think it’s renewing at $1895 or something like that. It was $1200ish about 4 years ago. For my area and dwelling coverage, it’s pretty on par.
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Post by jemmls4 on Jun 13, 2024 0:33:23 GMT
$1299.
I will admit I haven’t paid too much attention as our insurance was paid by mortgage company as well as real estate taxes. We paid off mortgage so I had to set up taxes and insurance last month. Considering my mortgage payment has changed in quite some time at bank sends a letter about anything) I figure it’s been about the same for a while.
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Post by Fidget on Jun 15, 2024 14:05:53 GMT
1300 per year through AAA- I'm in Michigan. It went up slightly this year.
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Post by librarylady on Jun 16, 2024 22:49:32 GMT
$2390 for renewal at the end of the month for 6 months. So, 4780 for a year. We have $1,000 deductible and get a discount for having car insurance with the same company.
☹️ with all the storms and tornadoes these days, it is expensive.
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Post by **GypsyGirl** on Jun 16, 2024 23:43:27 GMT
Ours was looking for tree limbs overhanging the house, as well. That makes sense considering how many roofs had limbs through them just in my neighborhood from last month's derecho. We were in one of the worst hit neighborhoods and it was pretty bad here. A neighbor's house has to have a new roof and they have been quoted $28,000 for a new one. That's for a single story home about 2,400 sq ft! About 8 years ago we had a new roof installed for just $13,000 for a similar size home. Roofs have gotten expensive. |
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scrappinmama
Drama Llama
Posts: 5,129
Jun 26, 2014 12:54:09 GMT
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Post by scrappinmama on Jun 17, 2024 14:53:47 GMT
Ours went up over 40% last year. This year it went up slightly. I called to see how we could lower it. There really wasn't anything we could do beyond having a higher deductible and I didn't want to do that. My agent said the increase went up so much last year because the cost of repairing homes skyrocketed due to supply costs. We now pay $3976 a year! It's crazy how expensive it is now.
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Gem Girl
Pearl Clutcher
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Posts: 2,686
Jun 29, 2014 19:29:52 GMT
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Post by Gem Girl on Jun 17, 2024 20:24:30 GMT
I'm sorry your neighborhood was badly hit. Our town had one on June 29, 2012. Some homes are still under blue tarps--yes, 12 years later. I don't know if they've "gone naked" (going without insurance if you have no mortgage that requires one), but I would be screaming at my agent often if he let it go that long. |
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Post by brenda89 on Jun 17, 2024 20:26:23 GMT
Iowa - State Farm - 902 sq ft house with a basement and attached garage - $1,575.00 per year.
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Post by Scrapper100 on Jun 17, 2024 22:15:51 GMT
It’s a little over 4K this year. No claims. It was either 3200 or 3600 last year. We are so happy they haven’t cancelled us living in Southern California as many of our neighbors have had their policies cancelled. Many have said it went up 50% this year. It’s crazy I’m looking at the bill and thinking I love our house snd where we live but no way can continue to pay this after retirement.
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Post by boys5times on Jun 18, 2024 3:03:57 GMT
$21,000 for a farm policy which includes the houses and vehicles.
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