Jack , one thing that might be helping c8 owners is that the stats for stolen vehicles was just released and C8’s are #8 on the list of LEAST stolen vehicles.
Given the tremendous increases in building materials I'll be very surprised if home rates don't go up more than that. Also with all the lawyers advertising to take on slip and fall cases we are bound to see significant increases in home insurance. Sis or seven years ago I changed my home insurance deductible from $1000 to $5000 and it almost cut my premium in half. My logic was that I would never file a claim for only $1000 to $3000 so why cover that amount with insurance. I have now saved more than that in premiums.
This is exactly why I have annual renewals with a bill coming out to me in Nov/Dec. My provider has admitted to me that the “programming for annnual increases” cannot be added on the bill until the “new year date” can be on it. It only means you might perhaps be paying 2023 rates for all of 2024. Thats good news. Hint: do not make any changes to the policy after New Year though. Adjustments would then have the current year rates applied. This is how my issuing insurance provider works (not broker).
My home insurance just went up $90.00 for 2024 . Not too bad.
I never see the cost of home insurance decreasing. The value for a complete loss plays a huge role along with weather and wildfire events. A reduced home policy normally comes with reduced coverage and/or deductible change.
Nice!
