Bought new ES350, planning to change Insurance
08-16-13, 02:50 PM
#31
Driver School Candidate
Join Date: Jul 2013
Location: DE
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You must be fortunate in living far inland.......I'm 65 miles from the coast in NC, but I found in 2009 that USAA was charging me $1000 more per year for my homeowners than State Farm is, and I also had a beach house that they were charging me $400 more than State Farm did--for just the non-wind & hail coverage. Very unfortunate, since I had been with them for 38 years. What really bothered me was that when I asked them about the difference, they were really indifferent, and their only remark was that if I cancelled my homeowners, they would never insure a home for me, again (anywhere!). So much for 38 years of loyalty, which annoyed me more than the $1000/year that I had paid for many years. I switched everything to State Farm. The days of "you were in the service, we'll not turn our back on you" are gone, I guess. State Farm has been very good, and after 38 accident-free years, guess what happened in 2010?---Deer runs into the side of my black IS 350, $3500. Perfect repair, all Lexus body panel parts, State Farm came through with flying colors. Homeowners premiums have stayed stable, too. Coastal rates I understand, but why USAA sees such a different risk premium is hard to understand. (Sorry for an off-Lexus topic post, but where you live can play a big role in the insurance cost bundle.)
08-16-13, 05:38 PM
#32
Lexus Champion
Not only where you live or your driving record, but your zip code really matters. I moved out of SF into the next county and reduced my insurance cost by almost 30%, everything else being equal.
08-17-13, 04:37 AM
#33
Wow....the USAA negative experience surprised the heck out of me. When I was shopping for a change from State Farm I talked to an insurance broker that represented several companies.....personally covered by State Farm and said she could not come close to competing with USAA, implied they were the best and wished she could qualify. 
08-17-13, 06:05 AM
#34
Wow....the USAA negative experience surprised the heck out of me. When I was shopping for a change from State Farm I talked to an insurance broker that represented several companies.....personally covered by State Farm and said she could not come close to competing with USAA, implied they were the best and wished she could qualify.
08-17-13, 09:28 AM
#35
Lexus Test Driver
Wow....the USAA negative experience surprised the heck out of me. When I was shopping for a change from State Farm I talked to an insurance broker that represented several companies.....personally covered by State Farm and said she could not come close to competing with USAA, implied they were the best and wished she could qualify.
Bill
08-17-13, 09:42 AM
#36
Lexus Champion
This shows that one size doesn't fit all when it comes to auto/home insurance. it's best to shop around and find rates, agents, service etc. that work for you. IMO if one company was really the best everyone would be with them.
08-17-13, 10:43 AM
#37
I'm the poster, and I was definitely a USAA cheerleader for 38 years, did not believe my 2 retired officer USAF &USA neighbors that told me they got better homeowners rates from Nationwide and State Farm---I thought they must have misunderstood something (procrastinating for 2 years) until I checked. Again, auto insurance is cheaper, homeowners at least in NC (yet 65 miles inland), is not. Sadly.
08-17-13, 11:10 AM
#38
Lexus Test Driver
Sorry Jim - replied to Coach's post before I saw yours - wasn't directed at you personally. I guess if you're in a flood or fire hazard area, that would have a significant impact on the premiums.
Bill
Bill
08-17-13, 11:15 AM
#39
Lexus Test Driver
Not everyone can get insurance from USAA - it's pretty much restricted to military and relatives of military - although that might be changing.
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