Am I paying too much for my home insurance?
I live in a suburb in Norcross, GA, a suburb nouns. My mom bought the house about 8 years ago, it is now I don`t know 11 years old house. We've been using Liberty Mutual since 2005, premium be $1450. I just found out that premium is now $3800. *knock on wood* my house condition is fine, not close to the deep or river. I think my mom is paying way too much, but I am not sure what should I do in a minute. Should I call Liberty Mutual to lower it or should I look for another company?
If I call, how should I ask to lower the rate?
Thank you!
Answers:
You can easily check your quotes in internet, for example here - homeinsurance.awardspace.us
Before you call you agent check you insurance policy and see what is covered. Photocopy the coverage page blocking out your premiums and which company you are next to and call other companies to give you a quote for one and the same coverage. You did not say if you made a recent claim and is your home in a flood zone? All these would affect your rates. However what you are pare right now is just plain ridiculous regardless. There are plentiful other companies who would do much better in terms iof premiums. Source(s): Insurance Agent
Well, do both! Ask LM why the rate's gone up so much, and what near is you can do about it.
AND, shop around to other companies.
Call Geico. Seriously. Your premiums are opening too high. Once it's insured by Geico, call and quash the other insurance. I insure my home for around $335 per year. They have a branch called Travelers that handle the home insurance. We have our cars insured with Geico. Again, they make available excellent service and they are the cheapest. Source(s): i've been insured with Geico and Travelers for years.
Your best bet is to shop around to other companies. The easiest bearing to do this is to compare homeowners insurance quotes online for free. You will be contacted by reputable insurance companies offering their rate based on your information then you will be capable of pick the policy that you think is priced best.
Here is an article on Georgia homeowners insurance and why it is a bit pricier than some other states:
http://www.insuranceagents.com/ga-georgia-home.html Source(s): InsuranceAgents.com
Wow, that sounds terribly expensive. It depends upon your coverage. Do you hold flood insurance? Here in California, I pay around $650 per year for $400K coverage (no earthquake).
You didn't profile a claim did you? Big increases or flat out being dropped aren't unheard of if you did,
Insurance rates are set on environmental events and your part of Georgia did enjoy some flooding last summer didn't it? Not uncommon for them to bump up rates due to paying out other peoples claims either or in anticipation of adjectives claims,
Call your agent and ask him why the big increase, tripling is rather excessive I'd think,
Related Questions:
If I call, how should I ask to lower the rate?
Thank you!
Answers:
You can easily check your quotes in internet, for example here - homeinsurance.awardspace.us
Before you call you agent check you insurance policy and see what is covered. Photocopy the coverage page blocking out your premiums and which company you are next to and call other companies to give you a quote for one and the same coverage. You did not say if you made a recent claim and is your home in a flood zone? All these would affect your rates. However what you are pare right now is just plain ridiculous regardless. There are plentiful other companies who would do much better in terms iof premiums. Source(s): Insurance Agent
Well, do both! Ask LM why the rate's gone up so much, and what near is you can do about it.
AND, shop around to other companies.
Call Geico. Seriously. Your premiums are opening too high. Once it's insured by Geico, call and quash the other insurance. I insure my home for around $335 per year. They have a branch called Travelers that handle the home insurance. We have our cars insured with Geico. Again, they make available excellent service and they are the cheapest. Source(s): i've been insured with Geico and Travelers for years.
Your best bet is to shop around to other companies. The easiest bearing to do this is to compare homeowners insurance quotes online for free. You will be contacted by reputable insurance companies offering their rate based on your information then you will be capable of pick the policy that you think is priced best.
Here is an article on Georgia homeowners insurance and why it is a bit pricier than some other states:
http://www.insuranceagents.com/ga-georgia-home.html Source(s): InsuranceAgents.com
Wow, that sounds terribly expensive. It depends upon your coverage. Do you hold flood insurance? Here in California, I pay around $650 per year for $400K coverage (no earthquake).
You didn't profile a claim did you? Big increases or flat out being dropped aren't unheard of if you did,
Insurance rates are set on environmental events and your part of Georgia did enjoy some flooding last summer didn't it? Not uncommon for them to bump up rates due to paying out other peoples claims either or in anticipation of adjectives claims,
Call your agent and ask him why the big increase, tripling is rather excessive I'd think,
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