Homeowners insurance quotes?

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Submitted by treehugger on May 24, 2022 - 3:34pm

Anybody feel like they have good homeowners insurance at a good rate? Mine is due and raised again for no understood reason.

3045 sqft 2 story house with a pool.

Current rate just went over $2000, wondering what others pay.

Thanks!

Submitted by Coronita on May 24, 2022 - 5:20pm.

about $1100 /year for 2600 sqft.

It's through Foremost (a farmers insurance subsidy) that was referred to me from Costco's Auto Insurance carrier (American Family Ins, I think that's what it's called).

FWIW I ditched allstate for both my homeowners, renters, and auto insurance because Allstate rates went up by a bit...

Costco's Auto was way lower than Allstate and AAA and GEICO (which sucks)...

The only insurance that was lower was Hagerty Insurance which I use to insure my two oldest cars under their "classic car" insurance....which is pretty funny because both old cars are just old. They aren't "classic" by any means... But Hagerty insures them as long as they are garaged. Those 2 old cars are insured for about $350/year total with a 250k/500k liability, $250 deductible comprehensive and a $500 collision.

Submitted by sdrealtor on May 24, 2022 - 9:15pm.

Im with Costco AmFam house size between his and yours and no pool not near canyon or fire danger area. Im about $1300 but was higher a year or so ago. The pool can add a lot with liability of having one.

Submitted by Coronita on May 25, 2022 - 8:18am.

You can also try American Modern Insurance.
They had decent rates. It's just I got a better policy via Costco with a multi-policy discount.

https://amig.com/

Submitted by teaboy on May 25, 2022 - 11:11am.

I dont get why most home insurance companies are not 90% online already. So many times I go online to get a home insurance quote, spend 15 mins entering all my details, then instead of getting an instant quote it just says an agent will phone me to interrupt my day and bother me with more questions...
What's so complicated about home insurance that it needs an agent every single time?

Anyways, I use hippo.com, which is a mostly online insurance provider. They allow a deductible up to $25k, which I've found is often the easiest way to drop your premiums. At a $10k deductible, mine costs $790/year for a 2200sqft home in a high fire risk area.

tb

Submitted by flyer on May 26, 2022 - 8:39am.

OP, below is a comparison chart from U. S. News that might be helpful, and, of course, bundling always seems to be a good idea. Also, make sure to check the reputation of the company for paying claims. Cheap premiums are great, but if a company has a reputation of hassles with claims, you might want to look elsewhere.

https://www.usnews.com/insurance/homeown...

Submitted by svelte on May 27, 2022 - 5:21am.

Ours is $2200 and is up for renewal, 3000sf.

One of the lessons I learned from my Dad is that home insurance is not a good area to go with low bidder.

About 30 years ago he went low bidder on his houses and then a rental home of his burned. Total loss. Insurance company refused to pay. He ended up having to take them to court - and won - but it cost him a LOT of time and frustration.

From then on out, he paid more attention to reputation than price and made sure his children learned from that hard-earned lesson.

Also in this inflationary time, we have an auto-adjustment feature on ours to take into account the rise in replacement cost. Something to think about.

Submitted by Coronita on May 27, 2022 - 6:19am.

flyer wrote:
OP, below is a comparison chart from U. S. News that might be helpful, and, of course, bundling always seems to be a good idea. Also, make sure to check the reputation of the company for paying claims. Cheap premiums are great, but if a company has a reputation of hassles with claims, you might want to look elsewhere.

https://www.usnews.com/insurance/homeowners-insurance

What's your primary home owner's insurance carrier?

Submitted by Coronita on May 27, 2022 - 6:29am.

svelte wrote:
Ours is $2200 and is up for renewal, 3000sf.

One of the lessons I learned from my Dad is that home insurance is not a good area to go with low bidder.

About 30 years ago he went low bidder on his houses and then a rental home of his burned. Total loss. Insurance company refused to pay. He ended up having to take them to court - and won - but it cost him a LOT of time and frustration.

From then on out, he paid more attention to reputation than price and made sure his children learned from that hard-earned lesson.

Also in this inflationary time, we have an auto-adjustment feature on ours to take into account the rise in replacement cost. Something to think about.

That's very good advice. Don't skimp on insurance. That said, Foremost and American Modern are highly rated insurance companies.

The biggest issue with homeowner's insurance is being under-insured and not uping the coverage when building costs go up due to inflation.

The other thing to consider is earthquake insurance, which in SD county is still pretty cheap. You can get one with a high deductible that is only good for catastrophic events for pretty cheap.

"Don't skimp on insurance" is one of the reasons why I would never get Geico for anything. I've had so many friends that tried Geico, and when it came to a claim, they were so cheap to pay out claims for auto collisions. And Geico isn't really cheap compared to Costco's American Family Auto Insurance or Hagerty, which also has a great reputation.

If you have a really old car, consider getting Hagerty. Hagerty use to be great insurance for classic and exotic cars that would be an arm and leg to insure normally. But the car doesn't have to be really a classic or exotic. It just has to be old and in CA, parked in a garage. insurance bill with better coverage is very low even compared to Costco American Family Auto Insurance....I learned that from old porsche and miata owners...

Also, Hagerty does not exclude teen/minor drivers from their policies. So my plan is to insurane my kid on my beater Audi and miata.

https://www.hagerty.com/insurance/classi...

Submitted by flyer on May 27, 2022 - 11:02am.

Thanks to a family connection, we have USAA, and it's fantastic for the primary, rentals, cars, and most other things we insure. Also like Amica.

Submitted by Coronita on May 27, 2022 - 11:11am.

flyer wrote:
Thanks to a family connection, we currently have USAA, and it's fantastic for the primary, rentals and cars. Also like Amica.

Dumb question. Are you getting some special rate above and beyond a normal USAA member? Because I'm trying to understand what you meant about "family connection" and USAA.

The only qualification needed to be able to join USAA is you or a family member or relative just needs to have served in the military, worked for the military and/or military contractor.. The terms of being a USAA or any sort special military based credit union, bank, insurance carrier is pretty loose in definition...It's no different than my parents that worked for a Congress funded non-profit corp for the military qualifies for any credit union or insurance company setup for the military, and by virtue of being related to them, I have the same access to those banks, credit unions, and insurance companies, such as USAA and Aerospace Federal Credit Union.

By "family connection", are you getting some special rates or treatment that normal USAA members who are somehow remotely related to the US military are not getting?

Damn, the only family connection I have is the one that allowed me onto the Miramar airbase 2 weeks ago to see the Top Gun pre-screening before the general public. I mean, I know a guy as well connected to you probably already saw the prescreening of that, but it was totally awesome seeing it at Miramar, they even had a jet right outside the theater. Best part it was free to all military and guests for the pre screening.

That was a great movie by the way. Imho better than the first one....

I would use my military connection to buy goods and services that are otherwise contraband by california, such as some types of 1 gallon paints and non-CARB exhaust systems, but I think that would be a misuse of my friendship and rather send those orders through addresses in the Presido of friends and family, lol.

Submitted by flyer on May 27, 2022 - 11:31am.

Yeah, we went to the pre-screening in Coronado at North Island. Mostly for those who worked on the film, and a few others. Cruise was there--great film. Premieres are one of our favorite things to do.

You are exactly right about USAA. Family member connection is what I was referring to, and is what you need to join. Works well for us.

Submitted by sdrealtor on May 27, 2022 - 11:33am.

So my neighbor and his brother went to the first pre-screening on the midway that all the cast was at. No military connections whatsoever. Apparently it was very easy to get into and connections not required. Speaking of connections, several years ago I applied for a HELOC at PenFed. At first they said I couldn’t get one because I was not in the military and had no connections. Then they offered me the opportunity to join some pseudo-charitable organization for military families. It cost $10 and then I was in. PenFed HELOC? Not military? No problem. Works well for us

Submitted by flyer on May 27, 2022 - 11:39am.

Fantastic. You're all set. We like USAA because they cover just about everything, including boats and planes, which usually require special policies. I remember I had to go off shore to insure some helicopters I was leasing to a flight school several years ago, and it was a pain, so with the exception of the art collection, and a few other things, it's a great one-stop shop.

Submitted by Coronita on May 27, 2022 - 2:31pm.

flyer wrote:
Fantastic. You're all set. We like USAA because they cover just about everything, including boats and planes, which usually require special policies. I remember I had to go off shore to insure some helicopters I was leasing to a flight school several years ago, and it was a pain, so with the exception of the art collection, and a few other things, it's a great one-stop shop.

...But USAA doesn't cover just about everything. I can think of several exclusions they don't cover that they specifically mentioned.

For instance, they don't cover livestock or horses.
Also, they definitely do not cover in fully value jewelry and bullion precious metals. They cap jewelry and bullion for theft and burglary only around $5000 I think. That's one of the things companies like Chubb insurance tout that differentiates them from places like USAA... For instance, if missy has a cocktail party leaves her ring on the bathroom sink, and an acquaintance that's a closet klepto decides to pocket it, despite being a investment banker partner (is just a mental nutcase... Chubbs will cover the appraised value of that ring that was stolen...Not USAA.

Submitted by flyer on May 27, 2022 - 3:05pm.

Yes, understand. We have had Chubb, AIG, and one other similar high-end policy that I remember over the years, but decided to go with USAA, Umbrella policies, and self-insure for the rest. Right now, we're comfortable with the coverage we have, but may look at those options again, if we feel we need to.

Submitted by sdrealtor on May 27, 2022 - 7:33pm.

Thank you flyer. This has been very helpful. I don’t possess a mansion or a villa in France or a yacht or a string of poloponies. But i do have a wine collection to insure

Submitted by flyer on May 28, 2022 - 12:25am.

It's all good. Have a nice weekend everyone.

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