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Increased Homeowner's Insurance

August 24th, 2010 at 04:26 pm

Lovely. Our homeowner's insurance premium is increasing again. Ugh!

Last Year: $658.47
This Year: $823.09
Increase: $164.62

This means I need to increase my escrow savings by at least $14 per month. The year previous to the last our homowners insurance was around $500. It is increasing at a faster rate.

It would have been even higher last year, but I increased our deductible to $1000. It will remain there. I'm not willing to go to a higher deductible.

It is what it is, right?

2 Responses to “Increased Homeowner's Insurance”

  1. momcents Says:

    Wow, you grabbed my catch phrase for the week: "It is what it is." I've used that in reference to the ongoing family issues which I'm not letting constitute a drama. I'm waiting to see what our health premiums are going to be for 2011.

  2. ThriftoRama Says:

    Ours went up this year too. Four years ago, it was $430, now it's $775. The company couldn't give me a reason ,other than everyone's went up. It's because they aren't making as much on the stock market, so they are making it up by charging more.

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