Forum Discussion
monkey44
Jun 04, 2022Nomad II
RetiredRealtorRick wrote:monkey44 wrote:
Fuel prices ain't the half of it. We just got an insurance renewal quote for two mid-sized SUVs and a 2500HD. Almost $5000 for one year, up from $3600 last year. and up from $1900 the year before. So, even staying home cost 30% more even if you don't drive anywhere.
That one blew my sox off ... gotta shop around again. Now we gotta pay for new sox AND high fuel and insurance.
If the increase in your car insurance blew your socks off, brace yourself for the homeowner's increases that are lurking just around the corner.
With home prices (notice I didn't say 'values') skyrocketing like they are, count on your insurance premium increasing somewhere north of 50%, and probably a lot more.
If your home was valued at $300,000 a year ago (for example), it's probably $500,000 now -- maybe more. Don't think the insurance companies are still going to let you insure for the lower values.
But, you won't be the only one to suffer from sticker shock upon receipt of your HO insurance bill (if that's any consolation).
Yup, I didn't mention HOI in my post, but it went up roughly 25 percent from last year. Talk about a killer, both HOI and Autos are all due for us July 1st.
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