Public service announcement

Independent agent here. If you have Geico your payment is set up on auto bank draft. Don't miss your renewal and let them deduct before you know it. We're seeing Geico customers with their premiums doubling. Allstate is crazy high right now, and to some extent State Farm. Progressive is holding steady and we're killing Geico.

"GEICO Corp. continued increasing personal auto rates during the third quarter. Subsidiaries of the group received approval for 105 rate hikes, which is expected to increase the overall premiums by $1.57 billion.

State Farm Mutual Automobile Insurance Co. is expected to see the second-largest increase of $1.31 billion from 44 rate hikes across 22 states."

I just got my Allstate renewal document. Holy F I need to switch

I've been with State Farm about 20 years, and my recent experience has been the same. Auto renewed in Oct with a very small increase, but I got most of it back as a refund check last month when my son turned 18.

Homeowners renews next month, and I think the statement was up maybe $100. In 10 years, my premium has gone from about $1700 to $2000

I feel lucky compared to a lot of the stories I've read here.

Funny, I saw mine just 3 weeks ago and was shocked and switched to progressive.

Our geico monthly premium went up 41%. Insanity.

We have our homeowners insurance through them as well, and it's still dirt cheap, so we're afraid to switch. If they have a similar raise on our homeowners we are definitely gone.

Ranger1743 said:

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Our geico monthly premium went up 41%. Insanity.

We have our homeowners insurance through them as well, and it's still dirt cheap, so we're afraid to switch. If they have a similar raise on our homeowners we are definitely gone.

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If you are not in Tier 1 where a windstorm policy is needed, i would expect a homeowners rate with Progressive, Travelers, Safeco, even Farmers, to be about the same as your Geico rate. They all bundle and give you a multi-policy discount. You're just getting hammered on auto insurance.

I'll try to upload a H/O policy we just did yesterday in Fulshear to give an example of the premium.

rlb28 said:

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Ranger1743 said:

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Our geico monthly premium went up 41%. Insanity.

We have our homeowners insurance through them as well, and it's still dirt cheap, so we're afraid to switch. If they have a similar raise on our homeowners we are definitely gone.

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If you are not in Tier 1 where a windstorm policy is needed, i would expect a homeowners rate with Progressive, Travelers, Safeco, even Farmers, to be about the same as your Geico rate. They all bundle and give you a multi-policy discount. You're just getting hammered on auto insurance.

I'll try to upload a H/O policy we just did yesterday in Fulshear to give an example of the premium.

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Here ya go. This is a fairly new house, so roof is new, etc… and that matters a lot:

Maybe geography but AAA insurance for home, auto, and life has been exceptional.

Y'all need to be rate shopping your insurance every year. I end up swapping mine out every 1-2 years.

YouBet said:

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Y'all need to be rate shopping your insurance every year. I end up swapping mine out every 1-2 years.

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I checked out rates through Gabi recently and didn't see enough to make me want to switch, it would have been a push at best. Any other avenues suggested for shopping rates?

I have a similar amount of coverage in west Houston / Katy, but on an older house with a 10 to 12 year old roof and am paying 2.5 times that. I've quoted it out and couldn't seem to save more than a few hundred.

Roofs aren't that expensive to justify thousands extra a year. I could pay for a new roof out of pocket every 10 years with that difference in premium. What's the secret to getting a lower premium?

I've got Travelers for home, auto, and umbrella. I have no complaints other than them trying to say the hail damage on my windshield wasn't from hail... we got thru that one....

I've been quoted Progressive and could save money with them... Just have zero experience with them so reluctant to make switch without knowing their service history on claims, etc.

Chipotlemonger said:

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YouBet said:

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Y'all need to be rate shopping your insurance every year. I end up swapping mine out every 1-2 years.

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I checked out rates through Gabi recently and didn't see enough to make me want to switch, it would have been a push at best. Any other avenues suggested for shopping rates?

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I think it's hard for an individual to quote online and get anything out of it. Most of these companies have their own set of discounts and questions that help set the rate.

Of course bundling gets you the biggest discount. Roof age is a big deal, but things like hip roof vs. gable, when were updates on wiring, plumbing and HVAC are also big deals and they weren't asked on any online quotes I've ever done.

Granted our house is only worth about $400k, but we are paying sub-$1000 per year, which seems like a good deal

Edit: No windstorm, fairly new house (built 2019) in San Antonio

fulshearAg96 said:

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I've got Travelers for home, auto, and umbrella. I have no complaints other than them trying to say the hail damage on my windshield wasn't from hail... we got thru that one....

I've been quoted Progressive and could save money with them... Just have zero experience with them so reluctant to make switch without knowing their service history on claims, etc.

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I'll say it like this… my dad founded our agency 44 years ago and still works daily. He grew up here, and I grew up here. Our agency has a GREAT name in our town. No way we would jeopardize that by selling a company that has bad customer service or claims history.

Yes, there will be people on Texags who tell you they had a bad dealing, but those outliers are also true with Travelers, Allstate, State Farm, etc… no company is perfect.

Ranger1743 said:

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Granted our house is only worth about $400k, but we are paying sub-$1000 per year, which seems like a good deal

Edit: No windstorm, fairly new house (built 2019) in San Antonio

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It is a good deal and it'll likely stay close to that rate for another 5 or so years.

Chipotlemonger said:

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YouBet said:

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Y'all need to be rate shopping your insurance every year. I end up swapping mine out every 1-2 years.

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I checked out rates through Gabi recently and didn't see enough to make me want to switch, it would have been a push at best. Any other avenues suggested for shopping rates?

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Use a broker and let them do the work. I use Liere who was/is a sponsor on here. They are based in College Station. I started using them 5 or so years ago after reading about them on here and other people recommending them. Have saved me quite a few dollars over the years just having them shop on your behalf.

There are many brokers out there I'm sure.

I went thru Rollo. Happy with the switch & saved money. That said, I haven't gotten renewals yet...

Yep, any independent agent will have multiple companies to shop your insurance

I think there was another thread about this not to long ago. Someone said the increases were do to the increasing costs of auto parts. I have no idea if that is true. Over the past year, our Geico auto policy has gone up $70 a month.

Tons of reasons, including auto parts, supply chain, rental car costs, litigious society, severity of claims, etc…

Don't forget the huge increase in reckless driving.

Yeah, at one point after the pandemic auto fatalities were up something like 27% for a long period of time. And, a lot of the big boys gave up billions of dollars in rebates because of how little people were driving during the pandemic.

I have zero loyalty - insurance is a necessary evil. I wish I could just do high deductible like health plan.

Side note, if everyone is holding uninsured motorist, why not just be the uninsured.

You can have high deductibles.

Not sure I understand the uninsured comment

KT 90 said:

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SnowboardAg said:

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I have zero loyalty - insurance is a necessary evil. I wish I could just do high deductible like health plan.

Side note, if everyone is holding uninsured motorist, why not just be the uninsured.

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Have an at fault accident without insurance, and you can get the bejesus sued out of you.

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Yep. The higher your net worth, the more they've got to come after. Shield those assets.