There is no other way to say this: you are probably going to get a price increase on your insurance when you renew next time.
It doesn’t matter what company you are with. It doesn’t matter if you have had any accidents, tickets, or claims.
It doesn’t matter if you have been their customer for “30 years”.
The cost to rebuild, rebuy, and/or replace the things you are insuring is simply getting more expensive. And since the policy is going to be expected to buy you something more expensive- it is going to expect you to pay more.
The world is also getting to be… well- a more scary place. It is more risky no matter who you are. Sure- there are certainly people who fall into an even higher risk category. And yes, there are people who create risk / drama for themselves. And yes, they are going to pay even more than you will- but even those of us who stay on our absolute best behavior are walking out into a more risky situation than it was 5 or 10 or 20 years ago.
Blame it on those video games, blame it on the technology, blame it on the rain… it doesn’t matter. The fact is- stuff costs more and things are happening more often.
Plus- factor in the people who just try to scam the system to try to get anything paid for “free” out of the insurance companies. How many of us know someone who hasn’t “really” had significant roof damage from that hail storm… and probably should have been saving up to replace their 15 or 20 year old roof- but ended up getting a brand new roof out of the insurance company because they “got lucky” after a storm?
To sum it up- if you’re getting your insurance renewal and you’re freaking out because your price has gone up- you’re not alone.
And it’s not personal.
It’s not you… and well, it’s not even them. It’s kind of everyone.
The insurance market is going to continue to get more competitive over the next two years. Hopefully it will smooth out after that- but in the meantime, it is important to have some honest talks with your trusted insurance agent. It is a good time to go through what your insurance policy is actually going to cover if you do have a loss so you know what it is you are actually paying for- since not all policies are created equal.
Follow along with us as we provide you with some tidbits of wisdom on the best ways you can keep your prices low and most importantly- protect your ability to even shop around!!! (Yes- you read that right- companies are now just starting to only sell their insurance to the cream of the crop… so if you want better prices- you are going to need to make sure you are an account that they think is worth adding to their “family”)
Contact us if you would like us to review your insurance policies and quote you with our suite of carriers. It is great to have a variety of options available for people!
Reach out by clicking the “get a quote” button at the top of the screen or emailing us.
