Lived in my house for 16 years. HO insurance used to be $500/year.
Three years ago jumped to $900 Two years ago jumped to $1,100 Now this year to $1,549
$308k dwelling, sewer back-up/service line coverage. $1k deductible. No claims history.
How in the fuck do you explain a $450 increase in a year?? Something is not right here. Curious to see what others are experiencing.
I’ve had the same happen but not quite as extreme. Check these things: 1: is it just your home insurance or your escrow which also includes your taxes and insurance? 2: typically it’s smart to switch companies every 3 years or so and bundle with car, etc. 3: sometimes paying in full will save 10% too.
It sucks but I would definitely shop rates at least 2 or 3 places.