State Farm is doing it again, but now in Louisiana and other states!
19.1% increase for all those people in Louisiana means 40% to some! This at a time when most people cannot even afford the homes they live in without this issue occuring. Obviously they are trying to make up Katrina costs among other issues, but I am sure this will not help most people. State Farm did an increase in Florida for about the same and they also took away all discounts as well. On top of this, they are trying to remove or reduce mitigation discounts from all Florida policyholders, but that has yet to be approved by the State of Florida. Mitigation discounts can be a huge savings for most if the home is better protected from Hurricane claims and other issues.All in all in Florida, State farm policy holder’s that are not dropped, could see increases betweeen 50-100% in some cases.Please read the full story below;
http://www.insurancejournal.com/news/southcentral/2010/01/11/106524.htm
Related Information
Best Ways To Save Money On Your Auto Ins
1. Drive Less for and get a discount
Some carriers will discount your premium with a low-mileage discount if you drive less than 7,500 miles per year. Also ask your agent if you can receive a commuter discount for using public transportation.
Get the answers you need.
Liability Coverage:
Liability coverage encompasses two things: Bodily Injury, Property Damage. In the most general sense, a liability is anything that is a hindrance or puts an individual at a disadvantage.