30% increase in my insurance premium for my primary residence. This is Sugar Land, TX. Are you all seeing similar increases?

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I am not but Texas is seeing it everywhere, make sure they didn’t change your wind coverage.

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This is the cost of climate change and it will just get worse with an administration that is cancelling all green energy spending for the next 4 years. The idea that it’s too expensive to fix it now and a cheaper solution will come about later is ridiculous, especially if we stop all research into potential solutions. The head in the sand mentality is going to cost an awful lot down the road.

helpfulfunny

Agree. Nothing like the nation being run by someone who at the very, very best odds probably has 5-10 good years left on this earth and guess what only cares about himself and appearances.

I’m in NJ and my home insurance doubled about two years ago and I went to an insurance broker to price out other companies and was able to lower with same coverage. The increases have been ridiculous.

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I got 50% increase on annual basis for the last 3 years

Parts of Texas, Florida, California, have high risk. California was just the first. Disaster strikes, entire area isn’t adequately covered. The risk shows up in the premium. Insurance is a low margin business. I typically see 9% profit in a great year to -2% in a bad year. I would shop around. I just lowered my 2 cars insurance 2000->$1100 per 6 months, but switching home insurance to the new company was $400 more per 6 months. Rate increases were nationwide, but in higher risk areas you may see a more severe rate increases.

40% here in the Dallas area. It’s ridiculous. I’ve priced around and haven’t found anything better, only more expensive for the same coverage.

At my house in FL I have. OP should take a look at stuff he or she might not need. For example, I got rid of contents insurance and flood (even though on an island, it isn’t in a flood zone) and spent money on new shutters and doors. Take a close look at your policy and talk to a competent agent to see what you can do to pare coverage down that you may not really need.

Oh I do have ideas about living in a potential flood zone. All watches, jewelry, and art of any value have to be separately insured anyway, and my research tells me that what you get that is destroyed in a flood is not nearly enough to replace it. But, you are correct, that’s just my take on it. Put everyone must do his own research on whether the cost is worth the risk and how much of a claim would actually be paid out.

In the southeast and my homeowners insurance renewed in September for about 20% more than the prior year. No claims ever.

Yeah, if you had any claims, they would have cancelled you.

About a 25% increase of my premium from last year to this year. I own a duplex in north jersey.

Phoenix and the surrounding Valley have seen up to 50% increases. Remember, you can shop for your coverage. I suggest you do.

About 40% increase in Atlanta

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