Can I find affordable home insurance in Granbury?
Yes, although home insurance rates have gone up in Hood County for the last several years, you can still find affordable coverage if you know where to look. It might seem like being loyal to one insurance company over time should help keep your rate low, but shopping the insurance on your home is often the best way to find an affordable rate. Due to many factors, such as unpredictable North Texas weather patterns and rapid development in the Granbury area, many insurance companies continue to raise rates or pull out of the home insurance market entirely.
At Patriot Insurance Services, we operate as an independent insurance broker, helping Granbury residents find companies with affordable home insurance rates. Since Hood County has unique factors impacting homeowners, it can be helpful to work with a local agent who understands the insurance climate for this specific area. That’s where we come in!
Why does my home insurance rate go up if I haven’t made a claim?
When insurance companies set rates for homeowners, they are trying to determine the collective risk of a given geographical area. Even if you have never personally made a claim on your home insurance policy, you may be “subsidizing” other policyholders. For example, when a major hail storm moves through Granbury, DeCordova may take massive roof damage while Abe’s Landing gets away with smaller hail and it’s residents make no claims. An insurance carrier who is heavily invested in this area may determine they need raise rates on all Hood County residents to help cover it’s losses.
This brings us back to why we decided to work as an independent agency instead of as a captive to one insurance company. Because of this, we can identify what strong, reputable carriers are offering competitive homeowners insurance rates and offer those products to our customers.