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Personal Finance (Not Investing) • StateFarm homeowners Insurance increased $400 this year ...ouch!

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Mine went up 35% in MN -- no claims, except in MN, everyone knows to wait until a hailstorm to get a new roof that will be covered by insurance. I might be one of about 3 homes in our neighborhood who hasn't bilked the insurance company for a roof. I know it's these claims driving up costs because my agent said cost increases across the board are because the volume of claims in recent years.

I reduced my deductible to cushion the blow, but still is higher than 2020/21 policy costs.

Statistics: Posted by MRMN — Mon Jul 22, 2024 1:01 pm — Replies 40 — Views 3365



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