How much does your home/car insurance go up each year?

[Lilac]

We have home/car/umbrella with Liberty Mutual. We switched to them last year and just got our renewal information. The cost for all three policies together went up 7% from last year. Is that typical? When we were with Allstate I recall the year-to-year increases being much smaller. What has been your experience?

[AAM2012]

Your renewal should specifically state the reason for the increase. Could be due to a ticket, accident, location, government/insurance regulations, etc.

The last time ours went up (it's been years) was because DH got a speeding ticket.

[katb]

Our homeowners went up one year - 15%. It had something to do with FEMA rezoning flood plains/zones etc... I am not near the water so I don't know how it even fits into our home but my house/area had the probability of a flood increased by a certain percentage. Crazy.

[heliocentric]

Ours just renewed with Liberty Mutual and our car went up less than $50 and house less than $10 for the year. I have never had insurance NOT go up even if there were no claims or accidents, but I assume that's because we live in NJ and insurance here seems weird compared to other states.

[purpleminion]

My parents had Liberty Mutual for many years, until about 5 or 6 years ago when their premiums started going up drastically each year for no reason. They switched to a few different companies after that who offered them lower prices, but then those places would raise the premium a lot the next year. They ended up with State Farm and have been happy with that.

[melmel48]

I had Liberty Mutual as well for a few years, but my insurance never went up on my car... it would go down a few dollars because the car was older. I was talking to friends and family about their insurance and realized I was paying WAYYY too much. I switched to Safety Insurance last year and I have both home owners and car insurance for less than what I was paying for just car insurance at LM. I also have better car insurance now. I have not had them for a full year yet, so I am not sure if my insurance will go up this year or not. 

[tripleshot]

Not sure if it's true but when I was shopping for insurance, my SF agent said a lot of companies give first year/new customer discounts that go away after the first year, making your second year more expensive.

[patches31709]

Our homeowners goes up a little every year. Especially the year after Hurricane Sandy, even though we were unaffected.

With the car insurance, it goes up a few dollars every 6 months, but once every 2 years or so, I call and they work their magic (they basically enter us as new customers again), and it goes way back down.

[Lilac]

We haven't had any claims in the past year (or in many years; never had a house claim). I called our agent and her response was "oh, well the cost of coverage goes up each year... car repairs become more expensive..." She did say that 7% was a larger than normal increase, but typical year-to-year increase was 3-5%. We switched to them because it was a better price than Allstate... If they raise premiums 3-5% each year, there's no point in staying with them!

[StJess80]

We have State Farm for car and renters insurance and ours usually goes down a little each renewal period.

[polarbearfans]

First year with a house so not sure what next year will bring, but typically my insurance goes down every year.

[WinterWine]

I just got our renewal notice with Safeco in the mail today - we have both auto and home with them. I was all excited that our car insurance went down $146 for the year.... until I read the homeowner's renewal, which went up $146. Seriously, what the hell Safeco - that just seems silly!

[mountaingirl]

Our car ins goes down each year.

[itsme]

Insured through USAA. Homeowners went down $100. Car stayed about the same but we reported higher mileage this year so it would have went down had we kept it at the mileage previously reported.

[Velvetshady]

Our homeowners went up because we finally got the house assessment done correctly. And I expect it to go up again because we had a flood in the basement in Dec.

Our car ins goes down every year--our cars are old and so are we.

[elcjet]

I haven't been through a renewal with Liberty Mutual yet (I should get it in the next few days), but I had Safeco and it went up something ridiculous like 10% after my first year. I dropped them because of it, although it's a PITA to switch homeowners' insurance when you escrow because the banks suck at paperwork. Or BofA did.

Anyway, my car insurance typically only goes up a few dollars....I'm too lazy to shop around for that.