50% premium increase in Olympia, Washington

[Larry Tran]

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

[Sherief Elbassuoni]

@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