Quote:
Originally Posted by billethkid
Yes it seems like everything is going up but today's surprise.....annual renewal of State Farm umbrella policy with a 42% increase over last year. The policy is a standard $1,000,000 policy.
The reason given was since there has been no significant increase over recent years and increasing claims they are just "...catching up...".
I advised them it was time to start shopping.
Any similar experiences with Umbrella coverage?
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Yes,
I have had my auto and umbrella with Connect by AmFam (Costco) for several years. Had my Homeowners with them in OH as well. I was about $575 for $2Mil last July. My renewal just arrived at $1316. I’m thinking my auto renewal may be a little eye watering as well - I did get a letter last year saying they were no longer writing new business here. I’m thinking I will be encouraged to move on. I had a SF quote yesterday for a similar price. They quoted auto as well so I’m not sure if that included any bundled “savings”
. I have another quote coming through an independent so we'll see.