Quote:
Originally Posted by Rainger99
I just got my insurance renewals. I wasn't too concerned because I haven't had any claims and I have small car and small home. Thought it might be a little above inflation rate.
Auto is going up 26% and home is going up 67%!
I am looking elsewhere for insurance. The first company I called for auto told me that I had a bargain. He told me that he could beat my price if I reduced my liability coverage from $250,000 to $25,000. He said that the average bodily injury claim in Florida is only about $15,000 so I was over-insured.
I am still looking!
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Wow! People do not buy liability insurance for the average claim. If so, they would self insure. They insure for the possibility of having a bad claim against them. Agent is looking at getting a claim filed against him or her for making a "bad" mistake.