Home insurance rate doubled year over year

[Anonymous]

No claims ever. When I looked up why, Google ai told me this:

Home insurance rates are increasing across the U.S. due to a combination of rising repair costs, more frequent and severe natural disasters, and a shrinking insurance market in high-risk areas. In 2024, the Consumer Federation of America reported that average premiums rose by 24% over the previous three years.

Great.

[Anonymous]

Where are you?

[Anonymous]

This happened to us, no claims, were with the same insurance for over a decade.

We shopped around and found another insurance that was more reasonable. Get estimates from different insurances.

[Anonymous]

Increase your deductible. USAA tried to raise ours 20% last year. I increased our deductible from $4K to $10K while increasing our limit (building costs have gone up + we added solar to the roof) and our premium remained the same.

I'm never going to file a claim for less than $10K. Makes sense to go as big as possible on the deductible. Hell, I'd go to $15K if they cut my premium by half.

[Anonymous]

Anonymous wrote:Increase your deductible. USAA tried to raise ours 20% last year. I increased our deductible from $4K to $10K while increasing our limit (building costs have gone up + we added solar to the roof) and our premium remained the same.

I'm never going to file a claim for less than $10K. Makes sense to go as big as possible on the deductible. Hell, I'd go to $15K if they cut my premium by half.

We shopped around but it was really raising our deductible that held the increase down. Our medicare supplement plan is going up 41% later this year and thats 71% over two years and this year they have only paid out $50. So, we are going to shop around. All medical insurance is going to go up big time for 2026 and this will become headline news in a month when companies publish their new rates. I'm glad that there is no inflation according to the Trump administration.

[Anonymous]

Get another company or go without insurance for a while.

Skip every other year and it cuts your "rates" in half.

[Anonymous]

How dare you post this propaganda.
Inflation under Biden was transitory and inflation now is only 2.7%.

[Anonymous]

Anonymous wrote:Get another company or go without insurance for a while.

Skip every other year and it cuts your "rates" in half.

!!!

[Anonymous]

You have to shop around. The insurance companies count on it being a hassle and you just renewing with them.

Our homeowners insurance slowly crept up until last year when it was more than double what we'd paid 4 years before - and like you, no claims. That was my breaking point. I spent an hour on the phone calling agents and found a policy with better coverage and the same deductible for less than we'd paid 4 years earlier. That hour was worth more than $2000 to me.