Allstate approved 30% increase

[pixrthis]

Met with my agent and mentioned the 11% increase this year and was told about a 30% increase coming next year. We talked about getting creative to save money but it always came back to how expensive homeowner’s insurance will be if I change it and that’s if I can get it. I get penalized hard for not bundling everything.
Is this nation wide or only in California? I forgot to ask because my head was spinning.

 

[eand28]

Definitely is nationwide. I have allstate and my renewal increase was 10%

 

[Moabifam5]

Ended up leaving farmers for the same reason, our HO policy increased $1600 for no reason. Very frustrating since I have had insurance for many years with no claims. It seems like it is a very bleak outlook for the future.

 

[LOBOATOMY]

In Kentucky my State Farm went up 10% in Feb. also.

 

[NicPaus]

My Allstate agent told me it was 6% this year. My auto rate increase was 40%.

 

[CLdrinker]

It’s everywhere.

 

[ahavasu]

This happened to me as well. Had Allstate half my life, my mom as well, and they jacked up rates with no warning to almost double. Bear in mind we do not live in a high fire area and have not made more than one homeowner claim in 20-plus years. I shopped around, and Geico had the best bundle. Three cars, 3700 per year, and a 4200 square foot house in Riverside, 2800 per year. It's not great, but it's better than all the other quotes I received.

 

[MySchi]

All of the major insurance carriers are increasing their premiums between 20%-40% this year. Each insurance carrier gets their requested rate increase approved by the CA Dept. of Insurance at different times. Allstate received their approved rate increase early, but State Farm is implementing their approved rate increase in March from what I hear.

The rate increases are a result of the CA Dept. of Insurance Commissioner not approving requested rate increases since 2020 and now that the entire CA insurance market is in shambles much higher rate increases are being approved to make up for it. Insurance companies are what they are, but this insurance crisis in CA solely rests with the incompetent CA Dept. Insurance Commissioner, Ricardo Lara. Electing stupid, incompetent people into office has consequences folks, especially to your wallet!

 

[pixrthis]

All of the major insurance carriers are increasing their premiums between 20%-40% this year. Each insurance carrier gets their requested rate increase approved by the CA Dept. of Insurance at different times. Allstate received their approved rate increase early, but State Farm is implementing their approved rate increase in March from what I hear.

The rate increases are a result of the CA Dept. of Insurance Commissioner not approving requested rate increases since 2020 and now that the entire CA insurance market is in shambles much higher rate increases are being approved to make up for it. Insurance companies are what they are, but this insurance crisis in CA solely rests with the incompetent CA Dept. Insurance Commissioner, Ricardo Lara. Electing stupid, incompetent people into office has consequences folks, especially to your wallet!

I was afraid of that. Hard to believe the majority in California can’t see how their votes affect their lives.

 

[Kachina26]

I was afraid of that. Hard to believe the majority in California can’t see how their votes affect their lives.

Some people don't care and think the extra money they pay is being spent wisely. I have a coworker that says he'd gladly pay more taxes. I told him, "knock yourself out", but don't have your guys rape me because you think you don't pay enough. Funny thing is, his mom escaped Venezuela when he was young. I'm talking left him with relatives and sent for him when she got here type of escape. She was mortified to find out he was voting for socialists. She's a proud Trump supporter. Funny how people forget their roots.

 

[hallett21]

What’s going to be the blowback on claims skyrocketing?

It used to be that you were afraid to make a claim due to a potential increase. But now if you’re going to hike people 40+% I think they’ll say screw it and make a bunch of claims.

 

[WildHorses24]

What’s going to be the blowback on claims skyrocketing?

It used to be that you were afraid to make a claim due to a potential increase. But now if you’re going to hike people 40+% I think they’ll say screw it and make a bunch of claims.

You'll most likely get dropped and unable to find coverage else where...

 

[lrg147]

My renewal with Farmers just went up 61%. Making the move to AAA soon.

 

[hallett21]

You'll most likely get dropped and unable to find coverage else where...

Which I can see on an individual basis. But I can see if 25-40% of the country gets dropped someone’s going in front of Congress lol.

 

[Cole Trickle]

What’s going to be the blowback on claims skyrocketing?

It used to be that you were afraid to make a claim due to a potential increase. But now if you’re going to hike people 40+% I think they’ll say screw it and make a bunch of claims.

accident and tickets will add even more of an increase over the standard rate change.

 

[shintoooo]

accident and tickets will add even more of an increase over the standard rate change.

How are your insurance rates in UT compared to here? Are you seeing an increase over there as well? Is this a national thing?

 

[hallett21]

You'll most likely get dropped and unable to find coverage else where...

accident and tickets will add even more of an increase over the standard rate change.

You guys obviously have an idea of how many claims per year the average house hold makes.

Let’s say the industry just sees a claim increase across the board. Meaning instead of making a claim every 24-30 months the number drops to 12 months on the average.

I could see the average moving quickly when a whole bunch of people who haven’t made a claim in 5 years make one next year. I would imagine you couldn’t drop them when they have a history of no claims?

Edit. A big reason people may make the claim is with the increased cost of living they may not be able to afford handling the sub 5k issue out of pocket.

 

[EmpirE231]

What’s going to be the blowback on claims skyrocketing?

It used to be that you were afraid to make a claim due to a potential increase. But now if you’re going to hike people 40+% I think they’ll say screw it and make a bunch of claims.

They’ve already done that, hence the massive rate increases lol

 

[OC Mike]

All of the major insurance carriers are increasing their premiums between 20%-40% this year. Each insurance carrier gets their requested rate increase approved by the CA Dept. of Insurance at different times. Allstate received their approved rate increase early, but State Farm is implementing their approved rate increase in March from what I hear.

The rate increases are a result of the CA Dept. of Insurance Commissioner not approving requested rate increases since 2020 and now that the entire CA insurance market is in shambles much higher rate increases are being approved to make up for it. Insurance companies are what they are, but this insurance crisis in CA solely rests with the incompetent CA Dept. Insurance Commissioner, Ricardo Lara. Electing stupid, incompetent people into office has consequences folks, especially to your wallet!

Who do we vote for? Is it on the upcoming ballot?

 

[hallett21]

They’ve already done that, hence the massive rate increases lol

But that’s technically been “localized” instances right? Malibu, Paradise, Maui, Santa Barbara etc

Malibu fires effected me and my family but everyone in OC, San Diego etc skated right by. But now they are all paying for it (that’s just the way it goes) and it’s also coupled with the stock market losses the insurance companies had.

I get that the dollar amount of claims were huge but the per household/client instances must be relatively low no? So if now the other 75-80% of your clients make claims isn’t that going to be a big problem?

 

[Lotoguy]

Be sure you're also checking the deductible on your renewal. Most of my companies in the midwest are going to a $2500 wind/hail deductible and some are even going to a 3% wind/hail deductible. That's 3% of what your home is insured for, not 3% of the claim.

 

[Cole Trickle]

How are your insurance rates in UT compared to here? Are you seeing an increase over there as well? Is this a national thing?

My carrier doesent write in Utah.

I went with Geico as it was the best rate i could find when i moved. My rate has probably gone up 25% over the past 2 years.

Geico is a broker as well and they put my home with Liberty Mutual. I want to say my home rate went up about 20% from the first year but its drastically cheaper than a comparable policy in CA

I need to shop both with costco they are supposed to still be really cheap here.

 

[Cole Trickle]

But that’s technically been “localized” instances right? Malibu, Paradise, Maui, Santa Barbara etc

Malibu fires effected me and my family but everyone in OC, San Diego etc skated right by. But now they are all paying for it (that’s just the way it goes) and it’s also coupled with the stock market losses the insurance companies had.

I get that the dollar amount of claims were huge but the per household/client instances must be relatively low no? So if now the other 75-80% of your clients make claims isn’t that going to be a big problem?

Ii think we are all talking multiple things....

Home claims affect home rates and Auto claims affect Auto rates state wide.

Fires while a part of the increases are just a small part of the increases. Home claims in general mostly from water are through the roof. My Carriers don't write high risk brush and have gotten killed from Water claims over the past 5 years. People don't maintain homes like in the past and roof leaks,pipes, over flowed toilets, etc have increased at a rate you could only imagine.

Auto rates are up because people can't drive (cell phone) ,vehicles cost and repairs have sky rocketed and lawsuits are at an all time high.

 

[shintoooo]

My carrier doesent write in Utah.

I went with Geico as it was the best rate i could find when i moved. My rate has probably gone up 25% over the past 2 years.

Geico is a broker as well and they put my home with Liberty Mutual. I want to say my home rate went up about 20% from the first year but its drastically cheaper than a comparable policy in CA

I need to shop both with costco they are supposed to still be really cheap here.

Costco is not accepting any new insurance clients in CA or FL but i've heard they have good rates.

 

[EmpirE231]

But that’s technically been “localized” instances right? Malibu, Paradise, Maui, Santa Barbara etc

Malibu fires effected me and my family but everyone in OC, San Diego etc skated right by. But now they are all paying for it (that’s just the way it goes) and it’s also coupled with the stock market losses the insurance companies had.

I get that the dollar amount of claims were huge but the per household/client instances must be relatively low no? So if now the other 75-80% of your clients make claims isn’t that going to be a big problem?

Claims activity is usually measured by frequency (# of claims filed) and severity (dollar amount the claims cost). Those are both up compared to historical averages for both auto and home.

We saw more homes claims than ever during the COVID times. Everyone was home a lot more, house being used more etc. etc.

We now see claims from trip and fall type situations from door dash, Uber eats etc. stuff that didn’t exist before.

 

[angiebaby]

Have you called your state representatives, insurance commissioner, and federal representatives? What about the press? or is the best remedy to the problem to go onto a private, on-line bulletin board and complain?

 

[hallett21]

Claims activity is usually measured by frequency (# of claims filed) and severity (dollar amount the claims cost). Those are both up compared to historical averages for both auto and home.

We saw more homes claims than ever during the COVID times. Everyone was home a lot more, house being used more etc. etc.

We now see claims from trip and fall type situations from door dash, Uber eats etc. stuff that didn’t exist before.

Meaning the guy dropping off my burrito falling in my front lawn?

 

[angiebaby]

Auto rates are up because people can't drive (cell phone) ,vehicles cost and repairs have sky rocketed and lawsuits are at an all time high.

Auto rates used to be based on how well YOU drive, not the general population. If you had a good driving record, you got a good rate, so I don't buy this excuse from the auto insurance industry.

What about a petition to get a regulation on the ballot? Something like "insurance companies cannot raise rates on people with no claims more than 2% per year? or whatever inflation is for the previous year?" You know it would pass on a ballot measure. Of course, you'd have the financial force of the insurance industry working against you. Maybe recall the insurance commissioner?

 

[napanutt]

This year was 512 dollars, 1000 deductible for our year old house in NH through Farmers.
I’m not gonna complain.

 

[76sanger]

The question is what or how do we solve this problem? Because no (insurance guy or gal) one that I talk to can tell me the actual reason for this nonsense. Would it be because of the open boarders and all the illegals invading the country? Accidents waiting to happen? I just don't know, sure is messed up though!

 

[EmpirE231]

Meaning the guy dropping off my burrito falling in my front lawn?

Yep, trips over that slightly lifted walkway to your door, sues you, etc

 

[Orange Juice]

Yep, trips over that slightly lifted walkway to your door, sues you, etc

Always have to have medical…..accidents happen. I carry enough to get the person to the hospital, and off my property.

 

[H20 Toie]

Hell guess I’m the only one happy with my rates now
After crashing the Ferrari
$220k for car
$500k for injuries to passenger for broken leg
$80k for fence wall plants
Don’t remember hospital bill
Apparently that’s considered excessive payout
My rates were higher than shit
So now rates seem cheap
Devin Wozencraft saved me ton of money

 

[hallett21]

Just found out our friends got a 140k claim after living in their house for 6 days after close of escrow lol.

Pipe burst and trashed the entire downstairs while they were gone for the weekend.

Guess it does happen. Insurance company thought they were trying to pull a fraud scam so it took over 100 days to get any funds.

 

[Cole Trickle]

Just found out our friends got a 140k claim after living in their house for 6 days after close of escrow lol.

Pipe burst and trashed the entire downstairs while they were gone for the weekend.

Guess it does happen. Insurance company thought they were trying to pull a fraud scam so it took over 100 days to get any funds.

Read through RDP it happens way more than you think there are countless accidents being talked about and pay outs on auto,home and boat....lol

I know people don't think insurance carries ever pay out but they do and its typically in the 55+% range.

Shoot there is a million dollars in claims in the past 3 posts...haha

 

[NicPaus]

Just found out our friends got a 140k claim after living in their house for 6 days after close of escrow lol.

Pipe burst and trashed the entire downstairs while they were gone for the weekend.

Guess it does happen. Insurance company thought they were trying to pull a fraud scam so it took over 100 days to get any funds.

We are working on 1. They hadn't moved in just closed. They stopped by ran a load of laundry and the sewer was blocked and flooded the house. Realtor told them to make a claim. I talked them out of it. Only 4k or so in damage.

 

[shintoooo]

Just found out our friends got a 140k claim after living in their house for 6 days after close of escrow lol.

Pipe burst and trashed the entire downstairs while they were gone for the weekend.

Guess it does happen. Insurance company thought they were trying to pull a fraud scam so it took over 100 days to get any funds.

A week after we moved into our new house after the renovations were completed, we had our water heater pressure tank burst while we were out for the day. It's located in the garage and it was spraying water on the wall so hard that it put a hole through the wall and started leaking into the kitchen. There was water behind the fridge and half the kitchen floors but it was probably there for 30 minutes or so. We cleaned it up and put fans everywhere and it turned out fine.

My buddy told me I should have filed a claim and had them replace everything. I'm not that type of person. I've never put a claim through my homeowners insurance and having just gone through renovations I was like FUCK NO!! lol. Ain't no one got time fo dat.

 

[pixrthis]

We are working on 1. They hadn't moved in just closed. They stopped by ran a load of laundry and the sewer was blocked and flooded the house. Realtor told them to make a claim. I talked them out of it. Only 4k or so in damage.

Smart move, flood leads to people wanting to prove there’s mold which is another issue when they go to sell.

 

[napanutt]

We bought our house in New Hampshire Dec. 2022. Didn’t move in until March of 2023.
Didn’t realize how stressful it was trying to keep a house 3000 miles away close to room temperature so pipes didn’t burst. We managed.
Did have a strange car park out front right after we moved in taking pictures. Pretty sure they were from insurance company.

 

[samsah33]

Some people don't care and think the extra money they pay is being spent wisely. I have a coworker that says he'd gladly pay more taxes. I told him, "knock yourself out", but don't have your guys rape me because you think you don't pay enough. Funny thing is, his mom escaped Venezuela when he was young. I'm talking left him with relatives and sent for him when she got here type of escape. She was mortified to find out he was voting for socialists. She's a proud Trump supporter. Funny how people forget their roots.

Let your virtue-signaling friend know that talk is cheap and anyone who thinks we should pay more taxes can easily send in extra cash to the IRS because the IRS gladly accepts donations. Below is the address where he can send his fair share:

Gifts to the United States
U.S. Department of the Treasury
Reporting and Analysis Branch 2
P.O. Box 1328
Parkersburg, WV 26106-1328

Bureau of the Fiscal Service - Public

www.fiscal.treasury.gov

 

[Cole Trickle]

A week after we moved into our new house after the renovations were completed, we had our water heater pressure tank burst while we were out for the day. It's located in the garage and it was spraying water on the wall so hard that it put a hole through the wall and started leaking into the kitchen. There was water behind the fridge and half the kitchen floors but it was probably there for 30 minutes or so. We cleaned it up and put fans everywhere and it turned out fine.

My buddy told me I should have filed a claim and had them replace everything. I'm not that type of person. I've never put a claim through my homeowners insurance and having just gone through renovations I was like FUCK NO!! lol. Ain't no one got time fo dat.

Had the same issue with my corona house.

Cut out the drywall and pulled all insulation and carpet padding.
sprayed with bleach and fan dried everything. I think i was into the repair less than $300 counting drywall,paint, insulation and carpet padding.

If I would have turned it in it would have probably been a 5k claim after the dry out specialists showed up...lol

Just looked at a long time clients renewal for a 2400 sq foot house in south OC. They turned in a 4k claim for water leaking in the garage 4 months back. Policy is now $4900 a year. Its nuts out there.

 

[EmpirE231]

I’ve been in my house 12 years, and have had a couple scenarios that could have been 15-20k claims…. Took care of them myself for under 1-2k each time. Over the years went from a 1k deductible to 2.5k and most recently a 5k.

Homeowners insurance was designed for catastrophic events. Not for little claims and people who fail to maintain their homes.

 

[EmpirE231]

Just found out our friends got a 140k claim after living in their house for 6 days after close of escrow lol.

Pipe burst and trashed the entire downstairs while they were gone for the weekend.

Guess it does happen. Insurance company thought they were trying to pull a fraud scam so it took over 100 days to get any funds.

Happens all day long.

And let’s be honest… there’s a “cash price” and a “oh your insurance is paying for this?” price.

I can find a guy to do baseboards throughout my house for 2k painted. But if that was an insurance claim it would be some guy for 12k not painted, paint would be another 4K lol.

 

[hallett21]

Happens all day long.

And let’s be honest… there’s a “cash price” and a “oh your insurance is paying for this?” price.

I can find a guy to do baseboards throughout my house for 2k painted. But if that was an insurance claim it would be some guy for 12k not painted, paint would be another 4K lol.

Well ya. You guys don’t pay us for weeks!

 

[NIKAL]

I have Allstate for 30+ years and I got a 30% increase this week and have have no points on my record and no claims filed. Also my vehicles are all older. My agent said he’d hate to lose me as a client but suggested I get quotes from other carriers, as most will be increasing 12-20%. He said Allstate petitioned for a 18% increase, and the state insurance commissioner granted Allstate 30%. So they raised it 30%. Total BS and that’s coming from my agent.

The agent said the reason for the increase is more claims filed, more false claims, the newer cars cost approximately $2600 more per claim compared to 2022 costs. The aluminum body’s & EV’s are much more than that too.

 

[havasujeeper]

The previous owner filed 2 water claims with his insurance company. Me being fat, dumb and happy with my new house, went to AAA to pick up a new homeowners insurance policy. I was denied for 5 years because the idiot owner filed those water damage claims. Im just pissed that this information should have been found by the title company, but they said "it's not their job!"

 

[mjc]

Happens all day long.

And let’s be honest… there’s a “cash price” and a “oh your insurance is paying for this?” price.

I can find a guy to do baseboards throughout my house for 2k painted. But if that was an insurance claim it would be some guy for 12k not painted, paint would be another 4K lol.

Yep cash price/ insurance price. Just replaced the windshield in my RV. Insurance was 800+ my cash price was 232.

 

[CarolynandBob]

The previous owner filed 2 water claims with his insurance company. Me being fat, dumb and happy with my new house, went to AAA to pick up a new homeowners insurance policy. I was denied for 5 years because the idiot owner filed those water damage claims. Im just pissed that this information should have been found by the title company, but they said "it's not their job!"

You should see if you have a claim against the prior owners for not disclosing that.

 

[hallett21]

The previous owner filed 2 water claims with his insurance company. Me being fat, dumb and happy with my new house, went to AAA to pick up a new homeowners insurance policy. I was denied for 5 years because the idiot owner filed those water damage claims. Im just pissed that this information should have been found by the title company, but they said "it's not their job!"

Did you pay cash? I thought the mortgage company required you to have insurance secured before close of escrow.

 

[havasujeeper]

Did you pay cash? I thought the mortgage company required you to have insurance secured before close of escrow.

Yes, fortunately, we had existing homeowner's insurance from our previous house which was not rated. It took 5 years to get it transferred to AAA where I could group all my policies and save money. Oh, BTW, the title company is now out of business.