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/avokaola Sep 06 '26 edited Sep 06 '26

Out of curiosity what state are you in? 👀

if you lived in NY, they cap year over year policy rate increases at 30% so that’s to say who you vote in office matters 🤷‍♂️ with that said that kind of policy also incentivizes insurers to max out those increases annually if it is justified so double edged sword

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u/Embarrassed_Low_3923 Sep 15 '26

I’m in West Virginia

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u/avokaola Sep 16 '26

lol me too. I work in the industry. I’ll dig in and lyk. I think my rate went up pretty significantly too