How much do you pay for homeowners insurance? I think I'm getting ripped off

[Anonymous]

I pay waaaay more than all of you for a house worth about $500k - but not in DC so the comparison is probably irrelevant. I'd love to pay $1750 OP!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Our premium has gone up significantly the past few years and we were just charged $1750 for our premium for the year. Our house is worth about $1 million. We have nothing other than normal insurance - no extra flood insurance, no extras in terms of replacement value. We have an alarm system, fire extinguishers, etc. House is 2200 square feet in McLean. A few years ago we were paying $1,100, so it's gone up significantly.

What are others paying? Is it just me, or is $1750 too high? Would also appreciate any recommendations for a more affordable company. TYIA.

Which company is this? USAA tried to charge us way too much so we switched to erie.

Tucker insurance.

[Anonymous]

Is erie an insurance company or an agent? I just filled something out to get a quote but all it did was send me to a page with 4 insurance companies (GEICO, etc) where I had to fill out the information all over again for each company.

[Anonymous]

Anonymous wrote:I pay waaaay more than all of you for a house worth about $500k - but not in DC so the comparison is probably irrelevant. I'd love to pay $1750 OP!

Where and how much?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I pay waaaay more than all of you for a house worth about $500k - but not in DC so the comparison is probably irrelevant. I'd love to pay $1750 OP!

Where and how much?

Philadelphia and I don't know the number offhand but $2800ish. Cheapest we found.

[Anonymous]

Anonymous wrote:Is erie an insurance company or an agent? I just filled something out to get a quote but all it did was send me to a page with 4 insurance companies (GEICO, etc) where I had to fill out the information all over again for each company.

Erie is a company. I think some of their agents are independent and also sell other insurance, so that may be why you got that. I can't remember how I started with Erie, whether through corporate or an agent.

[Anonymous]

I would call around. We switched from USAA to Nationwide. We pay about $800 which was cheaper than USAA. But the experience of switching the Nationwide was hell so I wouldn't necessarily recommend them.

[Anonymous]

Anonymous wrote:I would call around. We switched from USAA to Nationwide. We pay about $800 which was cheaper than USAA. But the experience of switching the Nationwide was hell so I wouldn't necessarily recommend them.

Can I hear more about this? I currently have Nationwide for my auto and renter's but we are buying a house and will need to switch the renter's to a homeowner's policy. They gave me what seemed like a decent quote and I haven't had any problems with my other policies so far but I only switched to them last September.