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Sticker shock is hitting everyone as they open their insurance bills recently. Insurance rates are increasing at skyrocketing rates of 10 to 40 percent all over the state of Texas.  The number one question consumers want to know is why?  Explaining to customers why costs are rising is not easy.  The problem is it's hard to put your finger on it; it's not an exact science.  Insurance Companies typically look at a combination of past disasters to plan for the future.  When it comes to homeowners insurance in the state of Texas there are some obvious reasons rates have jumped on average 21 percent.  Hurricane Ike, several hail storms in Central and North Texas and the Bastrop County wildfires to name a few.  These events have made it harder for insurance companies to cover claims. 

There are several preventative measures customers can take to help save their pocketbooks.

1. Shop around for the best insurance rate.  This is why being with a reputable Independent Agent is so important.  An Independent Agent will shop your insurance for you on an annual basis to ensure you always have the best value and coverage available. 
2. Bundle your insurance.  By combining all of your insurance policies (home, auto, umbrella, etc.) with the same carrier you receive a multiline discount. This will provide a significant difference in your overall insurance premium.
3. Have your Insurance Portfolio reviewed by an Agent.  Take the time and arm yourself with the knowledge to understand your insurance policies.  Ensure you have the proper coverages needed and have taken full advantage of every discount offered to you by your insurance company.

Insurance premiums are no doubt on the rise, but there is no reason to overpay for something when you can get the identical (or better) product elsewhere for less. 

Food for Thought...  Have you ever really thought about the mammoth insurance companies?  Who do you think is paying for all of their advertising?  How many more roofs do you think they replaced than some of their smaller A+ rated counterparts over the past few years?  Want to save some money?  Give us a call today!