USAA has incredible rates. Big perk of military service.
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Well deserved but not all qualify
I posted a curiosity question on FB to ask if everyone was experiencing a major insurance gouge at all levels, or was it just me? Many friends responded “yes,” they’re being gouged at an alarming rate. At least it’s not a personal thing- companies must be terrified they’re going to lose, although according to Profit/Loss statements, none of them are in the hole
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My renewal was up about 18%. I have State Farm. My agent showed me my last 4 years bills and there was no change until this year so I’m not too upset. Where I took the hit was on the umbrella policy. My bill is around $1200 on a 25 year old house (w/sprinklers). @Ehoss84 $3600! Yikes.
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Information via a global reinsurance outfit.
The annual Natural Catastrophe and Climate Report by Gallagher Re has revealed that global insured losses from natural catastrophes reached an estimated $123 billion in 2023, marking the fourth consecutive year where such losses exceeded $100 billion.
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Same with Farmers, no significant rate premium increases in 5 years or more.
Mine went up right around 1400 this year. Very happy I didn’t get dropped though. My house is literally on the line between high and low risk severity. I was told that played a significant factor in a “small” rate jump and the reason we have not got dumped was because we have been with Farmers for close to 15 years residential and 20+ Auto/life.
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Another tactic, this almost happened to me with Farmers, received letterhead from them, that was very thin without the bold red marking as important documents always have. I waited to open it of course, for a few weeks…. Because of my nature.(My Fault!) If insurance needs money, it comes in Bold unmistakable letterhead! Haha, When I finally got around to opening it and they needed updated photos of my residence emailed to my agent. There was small writing at the bottom, informing me that I will be dropped for not submitting updated photos by the date, which was actually that week. I agree it seems there doing everything they can to cancel policies without acting like it’s their fault. Open your mail!
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Started out with Allstate for 24 years. A bundle package living in Twain Harte was 2500.00 there about. Sold our house in Twain Harte moved to Sonora and Allstate(Good Hands Folks) would not insurance us in Sonora. Now we have State Farm, first year was 5000.00 and the second year 7000.00. Fun times all around. I’m wonder if there will be a third year, price hike, or a cancel your policy letter!
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For your reading pleasure(Ludicrous).
https://www.mymotherlode.com/news/local/3328223/state-farm-declines-to-renew-72000-california-policies.html
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We’ve been Farm Bureau members forever and as such had CalFarm insurance home,auto and liability.
Farm Bureau sold to Nation Wide and now Farm Bureau has forgotten about us.
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We had a case here in Ventura Co where the homeowner was told to get the IBHS wildfire prepared home certification. They spent 8K doing work. Got approved then got their renewal : $8300. They were paying only 2300. Do the math. 300+% increase even with mitigation measure done.
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Things are going totally sideways in just about everything. It’s either going to have to give or brake!
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My grandparents had alstate for the cabin pre 2010, they got a letter saying their policy was canceled because of we failed a fire inspection with a list of days they were on the property in February…coincidentally I was there on those days and there was 2 feet of snow on the ground. There were no other tracks but mine and some wildlife including big cat.
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I think my dreams of a mountain small retreat are over. @Ehoss84 I was hoping for something in Mountain Center/GV…I dont think that is gonna happen.
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Sorry to hear that AJ. You can still do it, will just have to be outside of California.
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Yeah it just doesnt sound realistic with insurance premiums like this especially if they paint with such a broad stroke. You know that area well down in the valley with wide paved roads, hydrants, flat lots with plenty of set back and manicured properties but it sounds like none of that really matters to the insurance industry.
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I think once rates go high enough 
there will be an insurance company that will hire professional assessors to go actually look at properties, make Educated risk assessments.
Kinda like retired prevention officers work for the insurance industry for fraud investigation.
All about the risk pool.
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Don’t forget the seven figure price tags, high 6’s for sure. It was pretty when I lived there 30 years ago.
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