Should I spend more on home insurance for a better agent and better coverage?
March 4, 2011 11:30 AM Subscribe
Home insurance: better coverage or cheaper coverage? State Farm and Allstate are cheaper, but an independent insurance agent says his (more expensive) coverage is much better. I'm wondering which company I should go with.
posted by anonymous to home & garden (10 answers total) 7 users marked this as a favorite
We're buying a house in Philadelphia for around $210k. Both Allstate and State Farm have offered coverage at between $240k and $280k. They're both charging in the neighborhood of $1600 for combined home and auto insurance. Allstate requires a 2% copay for tropical cyclones (which the independent agent doesn't like). Looks like State Farm covers this but has a 1% deductible. The independent agent is offering insurance through Erie for $2200, which he says is far better coverage (for example, there is apparently no ceiling on cost to rebuild).
I'm really at a loss at which coverage to choose. We're already with State Farm but haven't really been thrilled with our agent (although I'm aware we could switch). Allstate is basically an unknown. I talked with the independent agent for over an hour a few days ago. He's likable, really seems to know what he's talking about, and is very responsive and engaged. He insists that his coverage is the best even if it isn't the cheapest, and that his covers every possible cause of damage except for nuclear and war (and, of course, flooding) while other insurance companies only handle a set list of "perils". If it was only a matter of a hundred or two hundred bucks I would go with the independent agent in a heartbeat -- I like that the insurance company is local, and he sounds like he really cares about his customers. However, $800 is a big enough difference that I'm not convinced. Also, aren't State Farm and Allstate pretty decent home insurers? I've looked for reviews online but it's surprisingly hard to find good reviews.