When my USAA car insurance was increased about 25% in the past two years, I wasn't too happy. After reading some of the post here, it turns out I'm lucker than many. I'm paying $1550 a year for a newer car. My homeowner's insurance was reduced by $900. I adjusted the insured value of my home that they had been increasing every year. I have a mortgage so that's the defining issue for home value being insured. Insurance companies always count the land in the home valuation. If my home burns to the ground, the lot is still there. My lot value is 20% of my total home valuation. I don't feel a need to insure the land.
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