Who else is feeling yet another rate hike?
#3
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Location: Columbia, MO
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My guess is the company feels each year you are insured they have elevated risk? Possibly their costs are increasing, who knows. I also dislike insurance rate hikes when your value is declining & no claims!
#5
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Location: Georgetown, TX
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My agent says it's because I live in TX and offered no other explanation. I managed to find my way to zero deductible so he's going to change the deductible on the policy to try bring and bring the premium down. I don't mind an increase when it's justified, but to get hit for no apparent reason gets my blood pressure up.
#7
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Mine has gone down little by little over the last several years. No claims.
Also - My personal preference is to have large deductibles and lower premiums. I feel like Insurance is for catastrophic incidents. If something happens that is only a couple thousand dollar issue I'll just pay it - I figure I'd pay more in increased premiums over the coming years than I would just paying out of pocket to fix the issue.
Also - My personal preference is to have large deductibles and lower premiums. I feel like Insurance is for catastrophic incidents. If something happens that is only a couple thousand dollar issue I'll just pay it - I figure I'd pay more in increased premiums over the coming years than I would just paying out of pocket to fix the issue.
#8
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It usually means the company you are with had lots of claims that had nothing to do with you. For example there is a local P&C carrier here in Utah called Bear River, we had a bad wind storm and they insured a lot of those claims...They had a large rate increase acroos the board to cover those losses...