So I have been with Allstate for awhile, probably 20+ years. I know insurance costs have increased across the board, but I feel like mine are just going through the roof and I need to shop them around. I have 3 drivers (me, wife, 16 year old), 3 cars, and a house. The replacement value that the insurance companies are putting on my house are somewhere in the range of $1M, even though that seems insane to me. I have a 2024, 2023, and 2006 car. The rate I was given by my current insurance company (Allstate) is $7100 (annually) for auto and $3600 (annually) for homeowners.
My brother uses an insurance broker and he told me to try his person. They quoted me $3500 (annually) for auto and $3100 (annually) for homeowners. The problem is that the insurance company they recommend is Encova (formerly known as Motorist Mutual), somebody that I never heard of. They said that brokers use all A rated or better. They also gave me a quote for Auto Owners Insurance, which is A++ rated and the pricing was pretty similar.
What are your thoughts with dealing with companies like these? I'm all for saving money, but obviously don't want to be regretting it if I ever have a claim.
My brother uses an insurance broker and he told me to try his person. They quoted me $3500 (annually) for auto and $3100 (annually) for homeowners. The problem is that the insurance company they recommend is Encova (formerly known as Motorist Mutual), somebody that I never heard of. They said that brokers use all A rated or better. They also gave me a quote for Auto Owners Insurance, which is A++ rated and the pricing was pretty similar.
What are your thoughts with dealing with companies like these? I'm all for saving money, but obviously don't want to be regretting it if I ever have a claim.
Statistics: Posted by davebo — Sun Jul 28, 2024 8:02 pm — Replies 3 — Views 328