So amazed to see USAA raise our homeowners policy 30% year over year with no claims or policy changes. Stunned really is a better word for it. How do we on a fixed income cope? How can they impose this high a change in a single year? Is next year going to be a 60% increase?! Where else can I go?
Thank you @SOJOURNING_rupert for your USAA membership and allowing USAA to serve your insurance needs. I certainly understand your concerns with your recent renewal increase, please know we truly appreciate your no claims on your home. There is many factors that can impact a homeowners premium, past claims, claims trends in your geographical locations, inflationary factors, unfavorable weather conditions to litigations costs generally drive premiums upwards over time. Have we had a chance to review your policy to identify what may have caused the increase on your renewal? ~Marco
I feel you WRT the rate increases. I just got a renewal for a property in Florida, and, to my amazement, the Total Premium went down this year. But then I checked out the final total and out-of-pocket premium went UP. I just posted this experience. The explanation I got in the end was, effectively, "We filed with Florida for rate changes, which included reducing the value of your Windstorm Mitigation credits".