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Updated about 5 years ago on . Most recent reply

User Stats

48
Posts
18
Votes
Ryan Schuler
  • Rental Property Investor
  • Memphis, TN
18
Votes |
48
Posts

Who has Insurance Recommendations?

Ryan Schuler
  • Rental Property Investor
  • Memphis, TN
Posted

Hey Guys,

I just closed on my second property, and now have 3 properties (1 Personal, 2 Investment) plus my car insured through State Farm.

Just wondering if you might have recommendations on some other places to get insurance through that might have better rates? Especially since I plan to continue to buy properties, I am not sure if there is a limit that State Farm has on # of properties under the same policyholder.

Let me know what you think and your experience with any different companies! Thanks!

Most Popular Reply

User Stats

697
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306
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Billy Smith
  • Shawnee Mission, KS
306
Votes |
697
Posts
Billy Smith
  • Shawnee Mission, KS
Replied

So, what I always tell folks raise your deductible on everything, give them all your insurance needs for a better rate. But oddly enough Safeco gives me a better rate on one house. The umbrella and rest go to State Farm.

Shop around but I will say look up the internet insurance companies paying claims some seem to have a bad reputation.

State Farm pays most claims, sure you can dig up where a claim puts State Farm in bad light but in whole, they are rated the top in paying claims.

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