Well, it went up again! We don't have a large home, but the rate increased by over $600 for this year making it over $2,700 annually. When we bought the house 5 years ago it was less than $1000. Every year I want to switch but if I leave our current insurer they aren't accepting new clients and we won't be able to get back with them. Not sure what to do.
I think the problem is you’re afraid to switch.
Low price always wins, at least once a year and more like a couple times a year you should look for a lower price and switch when you find one.
The longer you stay with a company the more you will pay. They are in business to extract as much money as they can from you, same as any company in the world. They are not your friend.
I understand your fear, truly but as long as you allow that to happen you will never be in control and you will be milked as much as they can.
I will repeat, I do understand your fear but look at it this way, do you want to overcome it or be held hostage?
I’m not in Florida but in South Carolina and now on the coast of North Carolina I still pay the same or less than 16 years ago when we moved south because whenever a rate increase came along I found and switched to a better rate with another company. Must have switched 6 times (maybe more) and I switch not only at the end if a policy, I’ll switch at any point I find a better price no different than going to a different gas station for a better price. I remember switching a couple weeks into the new policy year with my existing company at the time right after my bank already paid that policy. Doesn’t matter, I paid the new policy myself, cancelled the old, notified the mortgage company of the change (important) and old company sent me refund check.
Having been on the NC coast I am a little concerned now. When getting quotes they were higher than the midlands of SC and some companies did not do coastal areas but somehow I got the same rate I was paying back in SC using the builders agency and a well known national company holds my policy. What happens next year st renewal I don’t know yet. I do know I will always go for price though.
It took some work but in almost 16 years now I still pay under 1500 a year.
I know Florida is really tough, I got a small taste of that here in North Carolina and from what I understand a serious situation there but what the heck, give it a try, computer makes it easy to check prices, then decide.
Also some local agents who deal with multiple companies might know who is best.
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