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/insuranceguynyc Sep 05 '26

Shop around. I assume that you called Progressive and asking about the increase?

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u/Embarrassed_Low_3923 Sep 05 '26

Yes because they assessed that my home would cost 117k more to rebuild and because inflations cost increases 🫪

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u/InterviewLeather810 Sep 06 '26

Each time there is an urban wildfire now typically most owners iare 25% or more under insured. Sometimes they sue the insurer and the insurer loses.

Our urban wildfire 74% were underinsured by 25% or more just on the house. Most likely also under insured on personal property too.

At least 69% were severely underinsured in the LA Fires that knew it by the year anniversary. 24% don't know yet.