Profile picture for chinni2107

Home insurane premium?

My home owners insurance increases every year by $100/yr. Is this normal? How is this increase calculated by agents? Why would the premium increasewhen home value has declined? Experts please advice.
  • February 28 2012 - Fairview Heights
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Answers (3)

Profile picture for chinni2107
Thanks Bob and Shapiroamg.
I will shop around for quotes. I am with State Farm right now. Was thinking about Progressive, American Family.

Can you suggest any other home insurance company?


  • February 28 2012
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I had not shopped around for a long time, but when I just did, I saved over $1,000.00 a year on my home and 2 cars.
I think we fall into a comfort zone and forget to analyze our financials often enough.
  • February 28 2012
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Profile picture for shapiroamg
Why not just call a couple insurance agencies and get some quotes. If you are in a area that has been hit with disasters, that could be one reason for the rate increase. If you credit has taken a hit, that may be another reason.
Besides agents you could look at any of the online companies such as Progressive.

Also bundling your auto and home could save some $$.
Good luck
  • February 28 2012
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