Auto insurance deductible and limits
- Thread starter simply1
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Right now I would avoid Nationwide. They are on the struggle bus and cancelling a lot of policies and not writing many policies also.
Companies that are strong around Iowa are Travelers, Alll State, State Farm. If you tell me your state I can kind of tell you approx what carrier is the lowest.
Companies that are strong around Iowa are Travelers, Alll State, State Farm. If you tell me your state I can kind of tell you approx what carrier is the lowest.
We have State Farm (250/500/100) and it went up 20% from 2023 to 2024. Well - until we bought a 20 year newer car a couple months ago then it jumped another 40%. We also have a $2 million umbrella with them. That doesn't renew until August but typically the increases there are very small (unchanged from 2021 to 2022 and $2 from 2022 to 2023).
I just switched from Geico to Allstate and saved around 25% between home and auto. Geico was increasing my home insurance around 30% and auto around 20% this year so I shopped around and Allstate was far and away the best option for me in Omaha.
Geico is pretty solid in Colorado. They use travelers home insurance which will most likely be going up in the next year though
Based on your post (and others) I just updated my Progressive from 100/300/100 to 250/500/250. Only $8 a month more. Thanks all!
Be careful with Allstate. We purchased a home that happened to get hail damage before we took possession. Previous owners had Allstate. 3 different roofers all said the roof needed replaced and Allstate would only cover patches. All 3 roofers said that Allstate was the worst at getting damage fixed.
Talking to my roofer (a while back, so fwiw), Allstate basically needs you to have gaping holes in your roof, but once you have those, they cover everything.
Other companies that will give you a new roof with minor damage won't pay for things like underlay, damaged OSB, gutters, downspouts, vents, etc.
Just what I've been told.
Allstate is pretty solid in Omaha. I quite over there and usually AllState beats me. Geico auto has good rates in Omaha as well
It’s crazy how much it varies by region. I used to love Allstate rates and service but they cost like 2x what I get where I live now for auto.
I sell in all 50 states. I have a map by region on which rates of mine will most likely be the best. I can also tell which company is better than mine pretty much before I even quote. I will say in most of the United States the big 3 are the lowest. State Farm, Geico, and Progressive. They seem to know how to keep their rates low.
I've had state farm quote me several times (wife's family has many agents for them) and farm bureau has beaten them every time. I had an independent agent look at mine and just hand it back after a couple weeks without even a quote and said he couldn't touch it. They have went up a decent amount lately though.
Some things I did learn a couple years ago is if you have certain things (like life insurance or mutual funds through them) certain insurance companies will give you pretty solid discounts for those things. One company told me they pull credit scores and that factors into things also.
State Farm has big enough reserves that they can take the losses for a while to keep rates lower. It will catch up to them at some point. They were wildly unprofitable last year.
I figure we pay around $4,000 for car and home insurance for a year with State Farm (also have an umbrella policy). Three vehicles all less than 5 years old all at $250 deduct. If Son had his car stolen, which was found, they paid all repairs for it. Deracho back in 2020 I dealt with one adjuster and they covered my deductible. Multiple car, multiple policy, good student, etc. so getting a bunch of discounts. I’m happy with them.
I will video my hail damaged truck with an online State Farm person and the adjuster for the House is coming out Sunday, to look at my hailed on roof. Less than a week after the event. 46 years with State Farm home and auto. I had one bad experience with them, (it was with the agent and didn't cost me a dime). I just switched agents. My brain wont let me squeeze every penny out of shopping for insurance. I compare and am willing to pay $200-$300 more a year to keep getting what I have.
The biggest problem is everyone was pretty solid on home insurance, then the inflation hit so hard and everyone had their homes underinsured. At the same time we had some natural disasters that took place and insurance companies lost their butts. On renewals rates were already going to go up, mix that with Replacement costs on home going way up do to inflation and you have some mad customers. A lot of the big dogs put basically a pause on writing new homes until they could figure out the rate structure with all the nonsense. Liberty Mutual and Progressive Home are two that basically are sayiing no more home for a bit. Which is funny since they both flood the market with Advertising.
