[joshgun]

My guess is Amica is in the minority as far as a mutual insurance company that returns profits to policyholders. Liberty and Nationwide are two large mutual insurers that don’t return profits directly to policyholders.

[newyorkmaya]

My hurricane premium was lowered to 0. So was my coverage. Cost reduction by Formost, now known as Farmers. Point of interest. They did not even notify me. I got a letter from my mortgage firm.

[tophcfa]

Originally Posted by raananh

Never mind Hurricanes. I have a car that automatically will stop to avoid hitting another car. There are cars that self-drive and do much better job than most humans.

I have yet to see a discount from car insurance companies for "self-stopping" or "self-driving" cars.

An older car, without all those sensors and electronics, can cost a small fraction of the cost to repair than a new car with all that crap, after a relatively minor accident.

[tophcfa]

Originally Posted by DonnaNi4os

Likely there will be no decrease in insurance if there are no hurricanes. But remember, we are in mid September and hurricane season goes thru Nov 31st. We have many weeks to go.

Prices don’t go down when there are no hurricanes, but they certainly go up when there are. What’s a kick in the a$$ this year is that replacement costs have gone up while property values have generally declined. So you’re paying more to insure your home that very well might have a lower market value.