The other day I received our newest home insurance bill, and I was very shocked when I opened it.
Our home insurance rate jumped from just $650 last year to $1,100 this year, which is a 69% jump.
Yes, nearly SEVENTY PERCENT from the previous bill we received. There was no note or reasoning attached to the bill (I know they don’t do that, but it would be nice), all it stated was the new rate.
I know others pay rates much higher than what we’re paying, and I guess we’ve been lucky.
However, considering the fact that we’ve never filed a claim since we bought our home 5 years ago and that we live in a cheap home, such a big jump in our annual home insurance bill definitely stood out to me.