My Homeowners Insurance Rates Went Up in 2021, Now What?
In 2021, many homeowners in New England are feeling the pinch. Homeowners are finding their monthly mortgage rates increase because their current home insurance policy keeps going up and their current agency and agent aren’t finding them lower rates.
Home Insurance Increase 2021? We can help you find much lower rates by shopping and comparing quotes from many top national insurance carriers!
Premier Shield Management
If you are in a situation where you’re looking for lower prices for homeowners’ insurance, Premier Shield Insurance can help. Insurance company profitability is based on charging “good homeowners” more for their policies in the hopes they simply with think “it is hard to change homeowners insurance”.
The reality is the expert homeowner’s insurance agents at Premier Shield Insurance make switching your home insurance policy and coverage very easy.
Many consumers simply don’t understand “inflation”. Every year our dollar is worth less than the year before, 3% on average. That means the costs of everything else goes up.
Homeowners insurance policies typically have a 4% Dwelling A Coverage price increase called “inflation guard”. The bigger your home, the bigger the annual price increase.
Most homeowners insurance agencies we’ve noticed don’t help their customers keep their rates low after the initial sale.
If you’ve had the same home insurance company for at least 2 years, you’re probably overpaying and have the ability to lower your annual home insurance premium and monthly mortgage rate (if you escrow homeowners’ insurance).
Can you negotiate your home insurance price? Yes, you can work with an independent agent who can review your current price and coverage and help you find a better rate. If you have a direct carry you can only lower your price by cutting your coverage because the “price is the price”.
If you’re interested in learning more about home insurance rates, prices, carriers, and coverage then give us a call for a 1-774-847-7746 to learn more!
If it’s after hours or you don’t have a few minutes just fill out the property quote request below and one of our licensed agents will give you a call for a quote. Just let us know the best time for you to talk for 10-12 minutes in the note section.