Author Topic: Lowered Homeowner's premium by $1000  (Read 1550 times)


  • Handlebar Stache
  • *****
  • Posts: 1122
  • Age: 44
Lowered Homeowner's premium by $1000
« on: November 06, 2015, 09:40:26 AM »
We got our renewal, and (as usual) there was a 10% increase.  We live in FL, where homeowners insurance is notoriously bad.  We were going to be paying ~$2700 for a replacement value of ~$220K.  I contacted our agent, and she shopped us around, and now we're getting a policy for ~$1700 for a replacement value of $205K (we paid $143K 5 years ago).

We started out (5 years ago) on Citizens, which is the catchall for folks who can't otherwise get insured down here.  We were taken over by someone else, but our premiums kept going up.  This is the first time we've been able to get a policy on the open market, which is why it's so different.  We had to get a $120 inspection, but we're still coming out way ahead.  Plus, my agent says this is a better company than our current one.  It's so nice to finally get some good insurance news.


  • Handlebar Stache
  • *****
  • Posts: 1301
Re: Lowered Homeowner's premium by $1000
« Reply #1 on: November 07, 2015, 07:00:26 AM »
Great job shopping around!

Though I was shocked at your insurance cost. Are you on the coast? I'm in central Florida and pay $730/yr for $200k replacement value ($2500 deductible for AOP and $4k hurricane deductible) with American Integrity.

Bearded Man

  • Handlebar Stache
  • *****
  • Posts: 1138
Re: Lowered Homeowner's premium by $1000
« Reply #2 on: November 07, 2015, 05:05:16 PM »
As someone who has been considering buying some new rental properties in Florida, the first post made me seriously consider Spokane WA instead. The second post gave me some relief, but man, insurance in Florida is crazy for some people. Maybe Spokane is more stable overall.


  • 5 O'Clock Shadow
  • *
  • Posts: 44
  • Location: Southeast Texas
Re: Lowered Homeowner's premium by $1000
« Reply #3 on: November 07, 2015, 07:44:50 PM »
I'm within 10 miles of the ocean in Texas and pay just under 1000 for 250k replacement. You must have a very low deductible or something.