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Why is Travelers increasing my insurance rates?

I bought my house 3 years and insured the house with Travelers homeowners insurance. The rate started at $843.00 per year and the insured value of the house was $183,000. The rate rose about $200 the second year to $1053. Now I have gotten my renewal in the mail this evening and the new annual rate is $1368 and the insured value has risen only $10,000 to $193,000. Why has my rate increased 62% while the insured value has risen only 5.4%? I live in a safe neighborhood in South Carolina and have never made a claim against my property? Time to drop Travelers? Or was I given a teaser rate?

   








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I bought my house 3 years and insured the house with Travelers homeowners insurance. The rate started at $843.00 per year and the insured value of the house was $183,000. The rate rose about $200 the second year to $1053. Now I have gotten my renewal in the mail this evening and the new annual rate is $1368 and the insured value has risen only $10,000 to $193,000. Why has my rate increased 62% while the insured value has risen only 5.4%? I live in a safe neighborhood in South Carolina and have never made a claim against my property? Time to drop Travelers? Or was I given a teaser rate?


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Why is Travelers increasing my insurance rates?
I bought my house 3 years and insured the house with Travelers homeowners insurance. The rate started at $843.00 per year and the insured value of the house was $183,000. The rate rose about $200 the second year to $1053. Now I have gotten my renewal in the mail this evening and the new annual rate is $1368 and the insured value has risen only $10,000 to $193,000. Why has my rate increased 62% while the insured value has risen only 5.4%? I live in a safe neighborhood in South Carolina and have never made a claim against my property? Time to drop Travelers? Or was I given a teaser rate?


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Why is Travelers increasing my insurance rates?
I bought my house 3 years and insured the house with Travelers homeowners insurance. The rate started at $843.00 per year and the insured value of the house was $183,000. The rate rose about $200 the second year to $1053. Now I have gotten my renewal in the mail this evening and the new annual rate is $1368 and the insured value has risen only $10,000 to $193,000. Why has my rate increased 62% while the insured value has risen only 5.4%? I live in a safe neighborhood in South Carolina and have never made a claim against my property? Time to drop Travelers? Or was I given a teaser rate?