home owners insurance going up 93%

[Michael Doughty]

I just received a letter from farmers insurance saying my primary homeowner's insurance would increase by 93%.  there reason was -  8% cost of living, 3% agent commissions and 82% for industry factors.?  it is not the fair plan as we are not in a high fire area, and we have not had a claim in over 25 years. we live in auburn ca. placer county. I checked with AAA and they said they are not taking new customers. does anybody know of affordable insurance in our area. we have 3 other rental properties and our cars insured with them.  They already raised my auto policy buy 30% again no claims. been with them for 30 years but ready to switch. Anybody have insurance company they like and is reasonable?

[Russell Brazil]

California, Florida...basically anywhere where there is a lot of major disasters insurance companies have been pulling out of those states altogether. With less available companies to choose from, and thus smaller pools of people paying into insurance funds, rates in those states are skyrocketing.