I can’t wait to see my homeowners renewal. That will come in another post.
A few years ago I dumped USAA after being an ignorant loyal customer for over 20 years. They raised my home insurance by over 25% and I had to start looking. You can look at the increases from 2000-2015 here. I eventually found a new policy that was actually better and much less expensive. I also gave GEICO a look for my auto insurance for a lower rate and to take advantage of the USAA Subscriber Savings Account.
USAA has a savings account for all insured members. When you leave the insurance portion of USAA they send the balance of this account to you after 6 months. At that time mine was one $12,000. I gladly left and built a patio in the back yard. If you are currently a USAA member you might want to call them and ask about your “Subscriber Savings Account”. It is different than the yearly check they send you based upon their activity over the year.
Back to GEICO. GEICO has been a pretty good insurance company until now. There is absolutely no way to justify a 50% increase in premiums. Nothing changed on my side. Of course GEICO is using inflation as their reason to increase premiums. It’s a fad. I think it is bullshit.
So I’m off to look for better coverage. Again.