I suspect if you have been with the same company for 50 years, you have paid too much money over many of those years. If you mean that you have used the same independent agent for 50 years, I might understand that, if you have a good rapport / trust with them.
Even if thats the case, you should still do a little shopping. Friendship is all well and good but don't assume a close relationship is going to help you with claims etc. The insurance company pays the claims, not your local agent. If you find that other companies aren't cheaper (be sure you are comparing apples to apples) then you will feel even better. If another company is noticeably cheaper, let your agent explain why you should pay more for his policy.
I filed a complaint at the direction of the Insurance Commissioner, as they were astounded at the amount of the increase, as all blanket increases here must be approved by their office before being implemented by any insurance company.
According to our agent, whom we have known for years, like, and respect, this rise is not unique to us, but an increase which applies to all policy holders here. That is what may put the ball in the court of the Commissioner. Our agent advises that he is receiving many complaints of this nature, which originate from the company and not his office.
We have been doing business with this Company for 50 years, everything we own is covered through them. We have had normal rate increases over the years like everyone else, but never one which is even near 110%.
We, like most others, live on a budget. We expect and plan for some consistent expenses so that we can plan our lives and meet our obligations. Imagine what would happen to most of us here if tomorrow ones boat note, house note, or car note doubled, without much advanced notice. True, this is not exactly the same thing, but the effect is the same.
How many of us will be able to retain full coverage on our boats if this is a trend?
In our case we are seeking other sources. We are putting this out here to see if this may be a trend or an isolated situation.