AngryOldWhiteGuy wrote:
I'm in North Texas, near Dallas - I ended a long time business
relationship with State Farm insurance about a year ago to buy a
homeowners policy from a family member that was starting out with
another one of the major insurance companies here - that business
didn't work out for him, so now I'm going back to State Farm, and
finding that their rates have increased almost 50% from what they
were when I had the previous State Farm homeowners policy before I
left ( a year or so ago).
The house's value is about $140,000 - the dollar value they came up
with to rebuild my home has increased from what it was with the
former policy by about 10%, so I'm questioning the agent about the
50% rise in the premium - we're gonna talk tomorrow.

No major upgrades or improvements with the house - all things with
the house and the local area are pretty much the same as when I had
the previous policy with State Farm - no natural disasters, no roof
replacement, no flooding issues anywhere near me of any kind, no real
changes in crime or zoning or anything like that - I have excellent
credit, and my remaining mortgage is about 1\3 the value of the house
- there's nothing at all that I can figure that'd cause such a jump -
and I am pretty sure that the policy coverage specifics are pretty
much the same.
Any thoughts why the big jump in my premium? Thanks!

State Farm jacked up their rates a lot about a year ago. We left, had been
with them 16 years, suggest you check around.

--

dadiOH
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