Amica Homeowners Insurance Increase

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Topic Author
cleosdad
Posts: 243
Joined: Sat Feb 02, 2008 9:32 am
Location: Littleton Co

Amica Homeowners Insurance Increase

Post by cleosdad » Thu Feb 13, 2020 11:17 am

I just received my renewal for April 2020. Home is in Colorado with no claims. Premium went from $1721.00 to 2755.00 which I believe is 60%. I also carry auto and umbrella and a $5000.00 deductible. Been with them for years but will see an independent agent soon.

stl717
Posts: 72
Joined: Sat Apr 30, 2011 8:37 pm

Re: Amica Homeowners Insurance Increase

Post by stl717 » Thu Feb 13, 2020 11:46 am

I'm in Colorado, also. We've been with Amica for 10+ years, our renewal went way up, also. Switching to Safeco.

Good Luck!

vandering
Posts: 72
Joined: Sun Apr 12, 2009 4:01 pm

Re: Amica Homeowners Insurance Increase

Post by vandering » Thu Feb 13, 2020 1:58 pm

AMICA here too. No claims ever. Went from $5400 to $7165. We've decided to self-insure. :D

jharkin
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Location: Boston suburbs

Re: Amica Homeowners Insurance Increase

Post by jharkin » Thu Feb 13, 2020 2:01 pm

Amica here in MASS. renewal has never gone up more than 5%. ~$1200/yr for full coverage on a 700k home.


If you are seeing it form multiple companies, its not Amica... its something about the loss profile in your state. Any big natural disasters recently?

Mr. Rumples
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Joined: Sun Aug 25, 2019 7:16 am

Re: Amica Homeowners Insurance Increase

Post by Mr. Rumples » Thu Feb 13, 2020 2:25 pm

CO has some of the fastest rising rates for homeowners in the nation. This is due in part to the rising costs associated with rebuilding due to the booming real estate market, hail storms and huge wildfire losses over the past decade and its a trend that is not going to change.

When I was on the board of my HOA on the front range, our building's premium skyrocketed as one major carrier, I think it was Nationwide, but I might be wrong, simply pulled out of the state.

I have a friend who has a home in Westminster and he said his premium went up over $400 and he doesn't live in an area which would be near a forest fire; he doesn't even have a single tree on his lot.

https://www.bizjournals.com/denver/news ... o-why.html

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Bogle7
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Re: Amica Homeowners Insurance Increase

Post by Bogle7 » Thu Feb 13, 2020 3:17 pm

May 2017 hailstorm in greater Denver.
Huge damage. Over a billion dollars.
Colorado is the "hail capital" of the USA.
Our cost is $2986 for {house + land + garage} total value of $840K.
Last edited by Bogle7 on Thu Feb 13, 2020 5:52 pm, edited 1 time in total.

Topic Author
cleosdad
Posts: 243
Joined: Sat Feb 02, 2008 9:32 am
Location: Littleton Co

Re: Amica Homeowners Insurance Increase

Post by cleosdad » Thu Feb 13, 2020 3:30 pm

Bogle7 wrote:
Thu Feb 13, 2020 3:17 pm
May 2017 hailstorm in greater Denver.
Huge damage. Over a billion dollars.
Colorado is the "hail capital" of the USA.
OP here. I don't dispute the issues brought up but am meeting with an independent agent tomorrow. Before someone brings up how might a different company handle a claim that has been thought of. Thanks, cleosdad.

Maven
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Re: Amica Homeowners Insurance Increase

Post by Maven » Thu Feb 13, 2020 3:42 pm

OP - please update us after your meeting. Same boat and also in Colorado. I recently did a review on Policygenius and they came back that we have the lowest rate they could find us for both home and auto. Our rates went sky high after that hail storm.

prairieman
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Re: Amica Homeowners Insurance Increase

Post by prairieman » Thu Feb 13, 2020 3:51 pm

I checked Amica out in the fall and they were about the same as my current company for Auto, but $1000 more for homeowners.

MtnTraveler
Posts: 221
Joined: Thu Jun 12, 2014 7:32 pm

Re: Amica Homeowners Insurance Increase

Post by MtnTraveler » Thu Feb 13, 2020 4:00 pm

I'm also in Colorado and have Allstate. While my renewal is in August my premium went down last year by $400. Amica will not write new policies in my area.

Dregob
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Joined: Wed Sep 26, 2018 9:45 pm

Re: Amica Homeowners Insurance Increase

Post by Dregob » Thu Feb 13, 2020 5:14 pm

Through work I have access to Mercer which gave me quotes on auto and home insurance from several carriers.
I have had Amica for both home and auto for maybe 6 years but thought what the heck.
My auto dropped by about $600/year with double the liability (500K)! Homeowners stayed about the same but again with double the liability coverage (500K). Three cars, three drivers but two vehicles are rarely used.
When I called Amica to cancel on the day the Progressive policy kicked in the contact person was very friendly but said "We hate to lose you for such a small amount of money."

Topic Author
cleosdad
Posts: 243
Joined: Sat Feb 02, 2008 9:32 am
Location: Littleton Co

Re: Amica Homeowners Insurance Increase

Post by cleosdad » Thu Feb 13, 2020 6:01 pm

Maven wrote:
Thu Feb 13, 2020 3:42 pm
OP - please update us after your meeting. Same boat and also in Colorado. I recently did a review on Policygenius and they came back that we have the lowest rate they could find us for both home and auto. Our rates went sky high after that hail storm.
Hi Maven, I will. Did you have Amica and did you keep Amica after the review?

Maven
Posts: 112
Joined: Sat Dec 08, 2018 4:01 pm

Re: Amica Homeowners Insurance Increase

Post by Maven » Fri Feb 14, 2020 5:07 am

cleosdad wrote:
Thu Feb 13, 2020 6:01 pm
Maven wrote:
Thu Feb 13, 2020 3:42 pm
OP - please update us after your meeting. Same boat and also in Colorado. I recently did a review on Policygenius and they came back that we have the lowest rate they could find us for both home and auto. Our rates went sky high after that hail storm.
Hi Maven, I will. Did you have Amica and did you keep Amica after the review?
We had Esurance and their rates doubled on us in 2018, I believe. They stated the hail storm as the main reason. So we switched to Amica and just this week we received our renewal with about a $1k annual increase between home and auto. I'm not so sure we'll find something less expensive.

yohac
Posts: 233
Joined: Sat Sep 01, 2018 1:42 pm

Re: Amica Homeowners Insurance Increase

Post by yohac » Fri Feb 14, 2020 6:29 am

We just dropped Amica, after 18 years. The price hikes the last couple years were intolerable.

jminv
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Joined: Tue Jan 02, 2018 10:58 pm

Re: Amica Homeowners Insurance Increase

Post by jminv » Fri Feb 14, 2020 8:14 am

Get a quote from Hippo for homeowners. Cut my mother's premium in half. Not Colorado but in an area with frequent hail damage. Check others as well, of course.

Topic Author
cleosdad
Posts: 243
Joined: Sat Feb 02, 2008 9:32 am
Location: Littleton Co

Re: Amica Homeowners Insurance Increase

Post by cleosdad » Wed Feb 19, 2020 9:57 am

Maven wrote:
Thu Feb 13, 2020 3:42 pm
OP - please update us after your meeting. Same boat and also in Colorado. I recently did a review on Policygenius and they came back that we have the lowest rate they could find us for both home and auto. Our rates went sky high after that hail storm.
Okay I have the result. Went to an independent agent. For a little bit better coverage Safeco won out. The auto and umbrella were a little higher but homeowners was much cheaper. I will be saving $1100.00 total per year. I had been with Amica for years. Cleosdad

Maven
Posts: 112
Joined: Sat Dec 08, 2018 4:01 pm

Re: Amica Homeowners Insurance Increase

Post by Maven » Wed Feb 19, 2020 3:24 pm

Thank you cleosdad. I'll definitely be getting a quote from Safeco.

Maven
Posts: 112
Joined: Sat Dec 08, 2018 4:01 pm

Re: Amica Homeowners Insurance Increase

Post by Maven » Wed Feb 19, 2020 4:30 pm

cleosdad wrote:
Wed Feb 19, 2020 9:57 am
Maven wrote:
Thu Feb 13, 2020 3:42 pm
OP - please update us after your meeting. Same boat and also in Colorado. I recently did a review on Policygenius and they came back that we have the lowest rate they could find us for both home and auto. Our rates went sky high after that hail storm.
Okay I have the result. Went to an independent agent. For a little bit better coverage Safeco won out. The auto and umbrella were a little higher but homeowners was much cheaper. I will be saving $1100.00 total per year. I had been with Amica for years. Cleosdad
Just got off the phone with Safeco. Just for clarification... I assume you be saving $1100/yr based on your new increase? Safeco quoted me better auto to give us eligibility for an umbrella policy.

Amica increase: +$950 annually from current policy
Safeco same policy: + $272 annually
Safeco better auto & $1 mil umbrella: + $881 annually ($363 for the umbrella)

desiboy
Posts: 8
Joined: Sun Jul 22, 2018 9:56 pm

Re: Amica Homeowners Insurance Increase

Post by desiboy » Wed Feb 19, 2020 4:35 pm

I'm in Texas, and my homeowners insurance went up 83% this year due to hailstorm roof replacements. I went to an agent and he was able to lower both home and auto insurance a lot. Had been with Geico for 13 years.

TheCaptain67
Posts: 1
Joined: Wed Feb 19, 2020 8:52 pm
Location: Atlanta, GA

Re: Amica Homeowners Insurance Increase

Post by TheCaptain67 » Wed Feb 19, 2020 8:56 pm

Amica policy holder in the Atlanta, GA area - our Amica homeowners policy renewal that came this week contained a 28% increase.

We are in the process of quoting out all our policies with an independent agent.

Topic Author
cleosdad
Posts: 243
Joined: Sat Feb 02, 2008 9:32 am
Location: Littleton Co

Re: Amica Homeowners Insurance Increase

Post by cleosdad » Thu Feb 20, 2020 10:23 am

Maven wrote:
Wed Feb 19, 2020 4:30 pm
cleosdad wrote:
Wed Feb 19, 2020 9:57 am
Maven wrote:
Thu Feb 13, 2020 3:42 pm
OP - please update us after your meeting. Same boat and also in Colorado. I recently did a review on Policygenius and they came back that we have the lowest rate they could find us for both home and auto. Our rates went sky high after that hail storm.
Okay I have the result. Went to an independent agent. For a little bit better coverage Safeco won out. The auto and umbrella were a little higher but homeowners was much cheaper. I will be saving $1100.00 total per year. I had been with Amica for years. Cleosdad
Just got off the phone with Safeco. Just for clarification... I assume you be saving $1100/yr based on your new increase? Safeco quoted me better auto to give us eligibility for an umbrella policy.

Amica increase: +$950 annually from current policy
Safeco same policy: + $272 annually
Safeco better auto & $1 mil umbrella: + $881 annually ($363 for the umbrella)
Yes, saving $1100 based on new increase. Two different agents quoted me $274 for 1 million umbrella policy.

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