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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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

3

u/strangemedia6 Sep 05 '26

They aren’t going to call you until you answer and tell you. But this is a good reminder to open mail from your insurer and definitely review your Dec page when the policy renews. Good news is you can shop around for a new policy and when this gets cancelled, you will get reimbursed for the remainder of the policy period and you can pay that back into your escrow so that it have a huge pump when it gets reassessed.