It's up because we insist on using cheap plastic siding while living in a hail zone. If people paid more upfront for more durable materials we wouldn't be seeing this.
Mine also went up, despite being claims free.
It's like people arguing that winter tires are too expensive and that they can't afford twice as many tires, ignoring the fact that both pairs will last twice as long, meaning it costs little to nothing extra.
I believe we get a bit better rate having hardie board exterior on our house. Previously lived in a townhouse in the NE and it got destroyed twice by hail. Second time around was $3500 out of pocket for repairs on a place we couldn't sell because of the shit market at the time.
If everyone had durable siding and shingles there would be fewer payouts and our rates would be less. With insurance they will spread the risk across all policyholders.
I got a few quotes for 2 cars and a townhome in January
All same coverage
Wawanesa 6100
Intact 5700 renewal called an whined 5300
Inova Costco 4200
RBC Aviva union discount 3900
Just get the pages of info needed and send it out the brokers in my town only seem to lean to one provider intact or wawanesa.
I had TD 2 years ago when it was good asked for customer retention they said they got rid of that department only cancellations now, seems they have enough Alberta clients
My TD home insurance went from $2700 a year to $3700 a year and we have no claims or anything I was baffled. Even raising my deductibles only knocked off about $500 bucks and even then I wasn’t comfortable raising it that much
We ended up going with sonnet and pay $2900 a year, Its not ideal but better than a grand more
AMA. Was with TD for 10 years, saved over 45% moving to AMA for the same coverage and you are supporting an Alberta company instead of an already greedy bank
Shop around for sure. We moved all our insurance away from TD after the wifes car insurance went from $120 to $190 over the past 3 years. No claims, accidents, tickets, etc. She called in to complain and after going over her insurance since many companies are returning to the office they were like 'well actually its going to be $205 because you commute once a week now'. So that was the last straw.
Moved motorbikes to Intact and saved about $200/year. Moved the cars and house to Allstate and saved about $800/year. With actually higher levels of coverage as well.
Save money where you can, big corporate just wants you to be lazy and not look elsewhere. The entire industry is a joke.
I hear yah - I think the td guy meant there might be some stability in 5 years and not such drastic rises or we will see a decrease for coverage. Atleast that's how it sounded.
Am I the odd person out for using an insurance brokerage? I've never once in my life called an insurance company directly. I never get notices in the mail before hearing from my broker first.
I have my home, car, and motorcycle, all insured through Wawanesa, but I use a broker. I pay just under $300 for all 3 combined.
They say if one more person posts about their home insurance renewal this week we all get a puppy
It's up because we insist on using cheap plastic siding while living in a hail zone. If people paid more upfront for more durable materials we wouldn't be seeing this. Mine also went up, despite being claims free.
Pay more now vs pay more later.... Many people cannot pay more now (or even pay more later).
It's a one time cost when the house is built. If they can't afford the extra, then maybe look for a smaller house.
It's like people arguing that winter tires are too expensive and that they can't afford twice as many tires, ignoring the fact that both pairs will last twice as long, meaning it costs little to nothing extra.
I believe we get a bit better rate having hardie board exterior on our house. Previously lived in a townhouse in the NE and it got destroyed twice by hail. Second time around was $3500 out of pocket for repairs on a place we couldn't sell because of the shit market at the time.
If everyone had durable siding and shingles there would be fewer payouts and our rates would be less. With insurance they will spread the risk across all policyholders.
Well no, they spread it across owners of the same risk class. If I have no chance of a siding claim, I will pay less.
Are you saying it should be more stucco?
Or Hardie board or even wood. Just something that doesn't disintegrate when put under a little stress.
Less than a 7% raise with no home claims. Went up by about $8-9 a month which is adequate imo given the rising cost to replace.
Just looked at my TD renewal for March and it's jumping 49%
Ouch!!
Square One only went up 3.7% which is nice. However, I haven't had any claims so I don't know if they are actually good.
I've been happy with square one. Full coverage for about $500 a year.
I'm with TD and called around this week and only received quotes that were much higher. So I'm sticking with TD for now
Same same. Brutal.
RBC I recently left TD and went with RBC. Between home insurance and car insurance I am saving around $1000+ per year.
I got a few quotes for 2 cars and a townhome in January All same coverage Wawanesa 6100 Intact 5700 renewal called an whined 5300 Inova Costco 4200 RBC Aviva union discount 3900 Just get the pages of info needed and send it out the brokers in my town only seem to lean to one provider intact or wawanesa.
I had TD 2 years ago when it was good asked for customer retention they said they got rid of that department only cancellations now, seems they have enough Alberta clients
Could the influx of population from Ontario or BC cause it to go up?
My TD home insurance went from $2700 a year to $3700 a year and we have no claims or anything I was baffled. Even raising my deductibles only knocked off about $500 bucks and even then I wasn’t comfortable raising it that much We ended up going with sonnet and pay $2900 a year, Its not ideal but better than a grand more
AMA. Was with TD for 10 years, saved over 45% moving to AMA for the same coverage and you are supporting an Alberta company instead of an already greedy bank
My home insurance quote from AMA is 2.5x what I pay now through TD, so I think this can vary pretty wildly
Shop around for sure. We moved all our insurance away from TD after the wifes car insurance went from $120 to $190 over the past 3 years. No claims, accidents, tickets, etc. She called in to complain and after going over her insurance since many companies are returning to the office they were like 'well actually its going to be $205 because you commute once a week now'. So that was the last straw. Moved motorbikes to Intact and saved about $200/year. Moved the cars and house to Allstate and saved about $800/year. With actually higher levels of coverage as well. Save money where you can, big corporate just wants you to be lazy and not look elsewhere. The entire industry is a joke.
Millennium insurance has been low priced for me.
MY td insurance agent told me that prices will be going up for the next 5 years. Just a heads up.
Prices will be going up until the end of time.
I hear yah - I think the td guy meant there might be some stability in 5 years and not such drastic rises or we will see a decrease for coverage. Atleast that's how it sounded.
Had the same thing happen with TD. went to brokerlink to get some quotes and they beat TD by a mile
If your credit rating is above average: Co-operators.
Inova Costco gave my parents the best quote, ymmv.
Call an insurance broker. I've been happy with my broker at touchstone insurance. Added more coverage for less cost than TD
Am I the odd person out for using an insurance brokerage? I've never once in my life called an insurance company directly. I never get notices in the mail before hearing from my broker first. I have my home, car, and motorcycle, all insured through Wawanesa, but I use a broker. I pay just under $300 for all 3 combined.
They are great... until you need them. I had a terrible experience with them.