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Updated over 1 year ago on . Most recent reply

Larry Tran's profile image
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Larry Tran
  • Member since Oct 1, 2021
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Larry Tran's profile image
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Larry Tran
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Larry Tran
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Insurance

50% premium increase in Olympia, Washington

Larry Tran
Posted

Hello everyone,

We have a small rental (2 beds, 1 bath 1000 sqft craftman bugalow) in downtown Olympia, WA. My insurance will be renewed Nov 1, 2023. Safeco is the current insurance company and they gave us a new renewal notice with 50% increase in premium, going from $818 to $1,239. This is a rip-off! Does anyone have any suggestion for other broker / insurance company that is not as crazy.

Appreciate any insights/inputs.

Larry

Tacoma, Washington
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Sherief Elbassuoni's profile image
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Sherief Elbassuoni
  • Realtor
  • from Bellevue, WA
  • Member since May 20, 2019
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Sherief Elbassuoni's profile image
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Sherief Elbassuoni
  • Realtor
  • from Bellevue, WA
  • Member since May 20, 2019
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Sherief Elbassuoni
  • Realtor
  • Bellevue, WA
1,968
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Sherief Elbassuoni
  • Realtor
  • Bellevue, WA
Replied

@Larry Tran, unfortunatelly, this is common. Most insurance companies increases premiums.

Contact the big players (Statefarm, Geico, ....) and also an insurance broker, and shop around

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