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Started By
Message
Cheapest homeowners insurance! Who ya got?
Posted on 12/26/23 at 9:15 am
Posted on 12/26/23 at 9:15 am
My mortgage is jumping up $400 a month this year after jumping up $400 a month last year. Who are the cheapest insurance companies out there right now? Thanks in advance
7
Posted on 12/26/23 at 9:27 am to TigahTeeth
quote:
My mortgage is jumping up $400 a month
How much of the $400 was a jump in property taxes? My area just reassessed.
Posted on 12/26/23 at 9:31 am to Billy Blanks
$300ish in taxes and escrow shortages (from property tax increases), $50ish in insurance increases. Only so much I can do about the tax increase, I get that (FJB). Anybody with knowledge on how homestead exemptions work?
Posted on 12/26/23 at 9:32 am to TigahTeeth
Be careful, many who had the “cheap” homeowners insurance at the time of the last hurricane, found their carrier bankrupt. Many of these companies were Surplus Lines carriers, so the Louisiana Insurance Guarantee Fund did not step in.
Yes, find a “good” price, but be sure the carrier is highly rated and an “admitted” company, meaning they are part of the guarantee fund.
Yes, find a “good” price, but be sure the carrier is highly rated and an “admitted” company, meaning they are part of the guarantee fund.
Posted on 12/26/23 at 9:53 am to TigahTeeth
quote:
Only so much I can do about the tax increase, I get that (FJB)
Your parrish assessment has nothing to do with a president.
quote:
$50ish in insurance increases.
That sounds pretty good personally. Nationally, insurnace is up 19% What % increase is that for you?
quote:
Anybody with knowledge on how homestead exemptions work?
In my area, you file for the homestead tax credit, it saves $425 a year. Only allowed on primary homes, not investment property. If over 65, can freeze the tax rate.
Posted on 12/26/23 at 10:19 am to TigahTeeth
quote:
Only so much I can do about the tax increase
Actually, you can call or go to the assessors office and plead your case if you think you have one. I’d research the similar homes in your area and see what they are paying in property taxes.
Posted on 12/26/23 at 10:26 am to PhiTiger1764
My homeowners insurance went up 50%…shopped around and still the best I could get with 1% deductible.
Posted on 12/26/23 at 10:29 am to TigahTeeth
Where are you located OP?
You must not live in South LA or thise amlunts would be reversed.
quote:
$300ish in taxes and escrow shortages (from property tax increases), $50ish in insurance increases.
You must not live in South LA or thise amlunts would be reversed.
Posted on 12/26/23 at 11:43 am to LSUFanHouston
Marietta, Ga
Posted on 12/26/23 at 1:24 pm to TigahTeeth
I realize the absolute shitshow that homeowners insurance is in Louisiana right now but please remember that cheap doesn't mean quality - especially right now. $400/month is a huge increase but just be careful about who you switch to.
Posted on 12/26/23 at 7:45 pm to TDsngumbo
quote:
. $400/month is a huge increase but just be careful about who you switch to.
Unless I'm mistaken, $350 is property taxes, $50 is the insurance.
Posted on 12/26/23 at 9:00 pm to TigahTeeth
Homeowners is 7,900 property tax is 24k. I get irrationally angry about it.
Posted on 12/26/23 at 10:12 pm to TigahTeeth
I took a 50% increase from Chubb and couldn’t find anything better. I also had a small claim this last year ($10k) that they were very easy to work with on so I was inclined to stay with them anyway.
Posted on 12/26/23 at 10:37 pm to MSTiger33
quote:
property tax is 24k.
F. Must be a crazy nice place? Mine run $6300
Posted on 12/26/23 at 11:59 pm to TigahTeeth
We use Farmers for home and auto. Reside in North Texas. Slight increase for both - was expected. Property taxes decreased per action of Texas Governor and Legislature - which was nice. Our school tax is now frozen at current rate due to being over 65 years old...County and city taxes are not frozen irrespective of one's age.
Posted on 12/27/23 at 8:52 am to TigahTeeth
ASI/Progressive was the lowest price for us.
Baton Rouge, flat wind/hail deductible (not % based).
Baton Rouge, flat wind/hail deductible (not % based).
This post was edited on 12/27/23 at 8:54 am
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