I currently have Amica. They have an online app that lets you adjust different coverages under the policy. I removed roof coverage and the policy premium dropped about 30-40%, that was a few years ago. I didn’t end up removing the coverage.
Surging home insurance costs could force families to leave these 10 states (OK is one)
- Thread starter chuter
- Start Date
Insurance premiums increasing is a direct result of buyduns waistfull spending and the double digit inflation we’ve seen. It just takes time to work the crazy inflation through the economy. If he’s reelected, you’ll also get to enjoy paying for his freely spending your money by paying a higher tax rate.
May neighbor just told me his home insurance premium doubled with Farmers.
They wanted to charge him $6,800 a year.
He changed insurance and saved some money.
They wanted to charge him $6,800 a year.
He changed insurance and saved some money.
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I so enjoy paying more so non working illegal criminals can have free housing, credit cards, etc. Warm and fuzzy feelings abound.
My home insurance was $4,000 last year. This year the lowest is can find is about $5,800.
A 45% increase.
A 45% increase.
This is what I am afraid of. My policy expires 7.17. Homeowner's has increased 64% over the last two years and I expect another 35%-45% for 2024-2025
I just got clipped for a 25% increase on my renewal. Asked my insurance guy about it. He said the whole industry is upside down and people are getting cancelled by there homeowners. Not sure why. People need chill out, the whole world has gone mad. I feel bad for those in poor financial situations and worry for the future generation. I make good money and I'm even feeling the squeeze.
What double digit inflation? Highest it’s been is 9% for 1 month in 2022. Been 3-4% for the past year. We haven’t had double digit inflation in this century
Inflation is cumulative. Since buydub has been in office inflation has reduced our purchasing power and the BLS says it now takes $1.21 to buy something that was $1 in 2020. That’s 21% or double digits.
You can’t compares today’s inflation to last century. Many inflationary items that were included last century are excluded now. It’s comparing apples and oranges.
I go by the Labor dept, bureau of labor & statistics. Highest this century was 9% in 2022, for all items. I think CPI is the best measure of inflation because it measures consumer inflation of the day to day living expenses
https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm
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