You are probably referring to the size of that last round of storm-created property rate increases. As Albert Einstein once said: “Everything is relative.” The perceived size of your increase is relative to when in the storm cycle you were blessed with the increase. That is, whether you were first or last. It may be that your insurance company took the increase early in the cycle as compared to your next-door neighbor’s which chose to delay its increase for as long as possible to protect market share.
At the risk of over simplifying a complex subject, let me say that it is generally true that private insurance companies do not raise rates at the same time or by the same amount. No company really wants to be the first to raise rates and possibly jeopardize customer relationships as well as market share. If your company was early to act, it would certainly appear to you that yours was the highest premium on the block; that is, right up until a few more in the neighborhood receives the same bad news.
Rest assured you are not being singled out for ‘premium punishment’ by either your insurance company or your agent. Of course premium is important, but try to resist the urge to rush out and replace all those policies without first asking your current agent what options he or she may have for you. There may be several options available, some of which you may not be aware.