Anyone else dealing with crazy insurance hikes?

I checked around this forum and saw similar posts, but mine feels extra bad.

My homeowner’s insurance used to be about $1400/year since 2020. This year it jumped up to $3540/year.

At first, I thought it was a mistake, so I called to find out why. They told me that they had a lot of claims in Washington state, which meant they had to raise premiums. I mean, did half of the houses they insure here really burn down? How can they more than double my premium?

I got a quote from Amica at $1500 and Allstate at $2100/year. I hate to leave, but I don’t really use my account for much else anymore anyway. It’s a shame though, I’m really going to miss their customer service and that hold music.

All of them are like this now. Keep shopping around for a better rate. I was with Progressive for 19 years, but they just kept raising my rates too. I switched to USAA because it was cheaper, but I’ll look around again when it’s time to renew. It’s like loyalty doesn’t mean anything to these companies anymore.

USAA did the same to me. I checked with State Farm and Allstate, but neither was cheaper than USAA. I ended up staying for now, but I’m going to look again in January. It’s frustrating.

Just make sure to compare everything properly, like coverage limits and any extras. Sometimes they leave things out in a quick quote.

USAA has actually been the best price for us so far.

Do you mind sharing how much coverage you have? I’m paying over $6k, so hearing about a lower rate makes me a bit jealous.

sizller said:
Do you mind sharing how much coverage you have? I’m paying over $6k, so hearing about a lower rate makes me a bit jealous.

I’m with you on that. They just raised mine to over $6k for home insurance and about $3700 for car insurance.

USAA should go back to the way it was… fewer customers and less risk. Seems like they’re trying to be everything for everyone now, and it’s not working for the old members.

I went through the same thing, and no one gave me a clear answer. Finally, a local insurance agent told me USAA might be trying to pull out of my state. That would explain the weird runaround they gave me too. Maybe something similar is happening in your state.

I’ve been with USAA since they first opened up to enlisted members, and I have no idea what’s happening with them now. My car insurance went from $2430 a year to $3692, and I haven’t had any claims in years.

@Niko
Maybe they should stop with all those Gronk commercials. USAA used to get members by word of mouth alone.

State Farm gave me better coverage here in Arizona. I got a $500 deductible instead of $1500 and saved around $3k in 2021. With no-claims discounts, it’s even cheaper if I ever have to make a claim.

I liked Amica too, but they started charging more for wind and hail damage. They went to a percentage-based deductible, and they also only cover the roof’s actual cash value (ACV) instead of full replacement. That made me switch.

The insurance commission voted for a minimum 25% increase this year, and most policies are going up by 50% or more. Not much we can do.

This makes me think I should check my homeowner’s policy too. I’m in Washington as well.

Yeah, that Washington insurance commissioner really made things worse in your area.

If you can, try to leave USAA.