Quote:
Originally Posted by 8gv
Clark Howard, a consumer advisor on the radio, said that some insurance companies use software designed to measure a customer's propensity to change companies. With those companies, loyalty is punished via higher rates.
I have been with Met Life for decades. That doesn't seem to keep my rates reasonable. When I move to NH from CT later this year I hope to find a lower cost company.
My daughter has already moved and changed companies. Her new policy is with State Farm. It was significantly cheaper than the other companies she checked.
Maybe they will hit her hard with an increase next cycle. If so, she will shop again!
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Two years ago I moved from CT to NH and switched from Liberty Mutual to an independent (Cross). My car insurance was cut in half. Also I was converting two houses to rentals. Believe or not the quotes I got from Cross was 60% lower than LM. I had been with LM for 15+ years but never shopped them until the move...I'm glad I did.