I live in LA county and my fire score is low. But Mercury raised my premiums from $2868 to $5432. WTF!! I have had no claims in my life and been with them for over 10 years . Is this even legal? The main increase is due to some bullshit fire Aons fire score which is ‘low’ for my home. What actions can I take?
Mercury raised CA home insurance by almost 100%
byu/mnsweeps inInsurance
Posted by mnsweeps
5 Comments
Find another insurance company. Im not sure if you have looked around but there were some massive fires and many, many carriers exited the entire state of CA. You are pretty lucky you were offered renewal.
Homeowners insurance in California has gone up? wow first I have heard of it……….
Just because you’re low risk doesn’t mean CA isn’t forcing your insurance company to include high risk homes in the group you’re contributing money to help cover. High risk homes still need to get coverage at not default on mortgage rates.
I write for Mercury in CA and they are actively telling us they don’t want homes and will cancel our contracts if we write too much of it without auto.
I still quote it just to gauge the market and they’re not great even still.
I use a couple of non admitted carriers in LA and other big metro’s much more successfully. An independent broker who has sought out these programs can help.
Of course it’s legal. The state has to approve any rate increases a company wants to take.
What action can you take? You can shop to see if you can find a better rate. Maybe you can, maybe you can’t.