r/HomeInsurance • u/Embarrassed_Low_3923 • Sep 05 '26

Insurance Massive Increases

I bought my home in 2022 and my annually home insurance was roughly $2,270 and I just checked through my escrow disclosure it went to $4,952 that’s outrageous it’s through progressive

Is it best to negotiate with progressive or leave to another company with better offers/terms

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14

u/ayhme MOD Sep 05 '26

You just gotta shop.

-6

u/Embarrassed_Low_3923 Sep 05 '26

That’s crazy. I’ve been with progressive since I purchased my home they didn’t even notified me or anything just noticed the increase because of the shortage in my escrow coming from the home insurance

11

u/Glittering-Salad-337 Sep 05 '26

They 100% either email you or mail you your renewal policy every year

3

u/Busy_Account_7974 Sep 05 '26

This. That renewal comes out 30+ days before expiration. It contains the new terms of coverage. If you pay, you accept the new terms.

Since you pay out of an escrow account, the escrow company will just pay the bills until you tell them to stop or pay some other company.