Where is your home located? Have you tried shopping the rate around? I'd give Liere Insurance a call if you haven't.

My house in SW Austin is up for renewal this August. Not looking forward to it.

Shop around and change carriers. Saved us.

AggieKatie2 said:

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I know I keep harping on this but it's unsustainable.

Bought $340k home in 2017
HO insurance was @$1000/yr

Sat between 1200 and 1800 for a number of years

Last year it jumped to $4400/yr

Just got my renewal for next 12 months - $6700/yr!!!!!

Never filed a claim. Appraisal is up 65% from purchase price….not 650%.

My insurance payment monthly is now 50% the cost of my mortgage payment (principle and interest)

My property taxes and insurance now cost more than my mortgage.

At this rate it'd be almost cheaper at the 15 year point to have just saved up to replace my home completely on my own than to pay for HO insurance.

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A few questions to get started:
- Where are you located?
- Who is your current insurance carrier?
- How old is the roof?
- What has your dwelling coverage on your policy increased to since 2017?

The answers to those questions will give a better idea of the situation but it seems like the carrier is trying to get you off their book of business based on going from $1800 to $4400 then to $6700. Sure they'll keep your business and cover the risk if you pay that $6700 but right now they are pretty much saying to leave.

I'm an agent with Allstate, but have worked at brokers prior so have seen both sides. I would definitely recommend shopping it because there are most likely better premium options out there for the same or better coverage. If you wanted an Allstate quote, I'd be glad to assist. Email is ckeith@allstate.com

What you paid for the house and what it currently appraises for shouldn't really factor into what your premium is.

What is your square footage, how nice are the finishes and what's the age of the roof…that and the zip code are the biggest driving factors for your premium.

Insurance companies don't mind at all increasing your dwelling coverage based off the increasing appraisal, but you likely don't need $400,000 dwelling coverage on a 2000sqft house.

Correct that the market value has nothing to do with insurance value.

However a nice house pretty much costs $200/foot to rebuild these days, so depending on your buildout very possible that's accurate.

Aging homes and aging roofs are the ones getting hit the hardest right now. Also homes located in problem areas (DFW, Houston Coastal or Rural) are getting hammered by rates as well.

I was with Liere for 10+ years but they were significantly more expensive than State Farm this year so had to switch.

Already made the switch to another insurer, but AAA came back with quote this morning that was basically half everyone else's. I'll probably keep them in mind for renewal next year.

Just got my increase today here in Prosper. Right at $4k

How much has your market value appreciated since purchasing in 2017?

Are you in a floodplain?

65-70%

No

How many sqft?
What's your dwelling coverage?
What's your deductible(s)?

My insurance in Montgomery County went up 22% this year.


Maybe help is on the way in our legislature
This bill 1643 would require increases to the Texas insurance department to approve any rate increase above 10% before it can go into effect.

I would encourage everyone to write their representatives about this


https://www.texastribune.org/2025/05/09/texas-legislature-homeowners-insurance/

AggieKatie2 said:

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Already made the switch to another insurer, but AAA came back with quote this morning that was basically half everyone else's. I'll probably keep them in mind for renewal next year.

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Can you PM me your AAA contact
Thanks

Replacement cost for roofs are now a thing of the past, and consider yourself lucky if you can get a prorated policy for a roof. The same thing that has happened to medical insurance is happening with homeowners insurance, and it's going to get way worse until homeowners have more skin in the game.

Appreciate the tip about AAA.

Agent said they "love newer homes" so if you're home isn't too old give them a shout.

They provided me a quote for 20% less than I paid a year ago when my current carrier was trying to increase it by 125%. Only change between policies is my "named storm" deductible moves up from 2 to 3%, but other wind storms are still 2% and all other perils 1%.

Good luck out there!

FWIW, Allstate was 2nd cheapest by a long shot so shop around folks!

AggieKatie2 said:

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Already made the switch to another insurer, but AAA came back with quote this morning that was basically half everyone else's. I'll probably keep them in mind for renewal next year.

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Why wait and not just go back now?

Lazy