Ok guys,
I have been with State Farm for a while, and I at least know that they will pay out on a claim... BUT!!!
I got a home ins. quote from them and it was $1600 a YEAR!!!! So my loan officer suggested Liberty Mutual.
After a few minutes on the phone with them, They had a quote for my home and my car.. The car's coverage was quadrupled, because I own a home now.. And it went DO 49 dollars a month!!!

The house coverage was almost doubled from what State Farm was offering and the quote.... $1023 a year!

So it SEEMS like I am a fool to not go with them... But how is their coverage really? If a tree falls down on my house, are they REALLY going to fix it?

I have had Liberty Mutual since my first car. It was called Prudential at that time. I now have three cars and a home with Liberty Mutual. With all four items under the same company the bundle seems to be a good price to me. All three cars two with full coverage and one with just liability are $140/month. Over the past 20+ years I have claimed less than a handful of times and have had nothing but good experiences. Most notably hail damage to the truck and hail/wind damage to the roof of the house(full replacement). I really haven't looked elsewhere because they have treated me so well but I guess I should with money getting tighter and tighter with this wonderful economy we have.

Brian

[This message has been edited by BHall71 (edited 02-10-2012).]

Sweet! That is pretty much the news I was hoping for. Thank you!

I don't have it but if it is anything like Prudential, it is indeed a rock. (their ogo was the Rock of Gibraltor) My parents had Prudential their entire lives for home and life, and at that time, it was the standard against which all other ins carriers were weighed.

$1600/year sounds a little high, but that would depend on how much coverage you have. Value of the mortgage? Replacement value? 2x current value? 3x?
You can get as much coverage as you care to pay for--it doesn't have to be limited by the loan value, so the $1600/year is a subjective amt.

quote Originally posted by 8Ball: I have been with State Farm for a while, and I at least know that they will pay out on a claim... BUT!!! I got a home ins. quote from them and it was $1600 a YEAR!!!!

State Farm is a rip off !

quote Originally posted by cliffw: State Farm is a rip off !

Well, according to another website, so is Farmers. In Texas, State Farm and Farmers are rated #1 and #2 respecfully--but that is according to value of property insured. In 2007, (most recent I could quickly find) according to J.D. Powers and Associates, Farmers was near the very bottom in overall customer satisfaction--#1 in customer dis-satisfaction.

http://www.farmersinsurance....com/rated_worst.htm

Take iwhat ya read there with a grain of salt tho.
Discalimer: I use none of the companies thus far mentioned in this thread.

2011, nationwide JD Powers customer satisfaction list:

http://www.jdpower.com/Insu...ce-provider-ratings/

[This message has been edited by maryjane (edited 02-10-2012).]

State Farm has never left me sitting.. They have covered my tow bills and fixed my flood damage...
But Liberty Mutual is blowing them out of the water on price.. and State Farm does not even want to talk to me about a lower rate.

The 1600 a year quote from SF was for 305k replacement value, 5k deductible, no flood insurance, 100k liability.
The 1k a year quote from Liberty.. 365k replacement value, flood insurance, 1k deductible, 300k liability, 3k good faith medical coverage, and 100% Expenses coverage if the house is made unlivable, for the entire time I am out of the house.

I am disappointed in State Farms rate...

Many insurance companies had MASSIVE LOSSES this year on the east coast due to the storms and rates are going up nation wide to recoup the loss. You might want to look in you phone book for an "independent insurance" broker. They represent multiple lines and can shop all your insurance need to get the best price. Check the AM best rating for the company they suggest. Never go below a A-. Call GEICO - They are a "BROKER" for home insurance and can quote multiple lines including LM and Travelers. They "own" the paper for the auto (GEICO) The direct inside line to the home dept is 866 523 9344 use code reference 135499

I got in a car accident with my father once and the other driver, who was totally at faul, had Liberty Mutual. They paid over 800k in hospital bills for my father, the accident nearly killed him. My car was totalled, it was an old Ford Escort wagon that I paid 400 for and booked for like 350. They gave me 1400 for it.


I say buy the policy.

Thanks guys
I signed the policy last night The savings alone were worth it.. The promise of great coverage... Even better!!
State Farm did not care that the house has a BRAND NEW roof.. They did not care it had a fenced in yard, or a security gate or even new plumbing.
They offered no discounts for anything the house has...

Liberty Mutual.. They offered a discount for the new roof, the offered a discount for the security gate and fence and a discount because the plumbing is all newer.
And.... They did NOT care that I get a speeding ticket at least once a year.

State Farm is the biggest insurer by market share due mostly to a great long runing advertising agenda. People tend to look at home insurance thru the eyes of others that already have that provider, never reading the fine print--exclusions--riders--or even deductibles.
Lots of people dropped SF after hurricane Ike, when they found to their dismay, that what is advertised isn't really what you end up with. You will recieve shortly, the full policy statement, and probably one every year on the anniversary date of activation. Read every single line of it. On contents, photo and text document every single thing you own, including value, initial cost, model and serial #. Every item. If you lose the entire house and all contents, it's a slam dunk. Only a partial loss, you will need all that documentation. Your carrier's agent will at some point soon, (if they haven't already) come look at the house, but in all likelihood won't go inside. When you make up your contents list, send that insurer a copy by mail in such a way you have proof they recieved it----keep inmind they may tell you ahead of time they don't need it-SEND IT ANYWAY! Not having prior knowledge of all insured contents is one of the ways insurers get out of paying a claim, especially on a partial loss claim. Circumvent that ploy by making sure they have prior knowledge.
When you get the full policy declaration, pay special attention to how they handle or insure out buildings, fences etc. There are lots of ins and outs to the homeowners insurance game, and lots of ways for them to reject a claim, and the insurer always bets that the homeowner won't bother reading the full text of the policy. Can't stress it enough---read and understand the full policy--understand it as good or better than the insurer does. Good luck with it and I hope you never need the policy, but no homeowner should be without one as you obviously believe as well. Keep your list updated as you acquire more "stuff". Don't forget to include clothing on that list, as most insurers will try to pay a generic "lump sum" for clothing replacement. (keep that policy declaration in a safe place--perhaps a safety deposit box or at least in a "bug out" bag.)

Thanks Don, that is GREAT advice.
I am usually very careful. I do not sign something unless I read the entire document. This makes a lot of people upset, but It is my time, my money and my life.
I have been trying to keep good records of everything we buy for the last few years... But I am not always on top of it.