After changing my deductible from 500 to 1000, why did Farmers insurance raise my homeowners premium?

Question

I was hoping to reduce what I pay each year for home owners insurance. So I requested my deductible be changed from 500 dollars to 1000 dollars. I also lowered the amount of personal liability from 300,000 dollars to l00,000. Instead of getting a lower premium, Farmers insurance raised it 25 per cent. Why did it go up instead of down?

Answer 1

Well, you REALLY need to ask your agent.

HOWEVER, it's highly possible that by lowering your liability, you pushed yourself out of a 'preferred' tier, into a standard tier.  

Your agent is the best source, though.

Answer 2

Go straight to your agent and make the change back. They will adjust your premium as such.

P.S.

I tell everyone I know to get as far away from Farmers as you can. They don't pay what they owe and always give the homeowner the run around when they have a claim. I have seen it many, many times as a contractor.