Quote:
Originally Posted by J1ceasar
Years ago we had a GE subsidiary that doubles rates in 7 years -even my agent was astounded. Like cable and other things - you MUST compare on a regular basis. My Geico went up $ 300 last year so I switched to PRogressive. Now I get a geico letter pleading to come back daily. Their response as I asked why so high upon renewal was market has changed ! Yeah right .. my car is worth LESS and I have a year MORE experience driving.
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Some insurance companies use a strategy called "price optimization". They raise prices for their most loyal customers because they know that most of them will not shop around for another company. It's all about increasing profits, even though they know they will lose some loyal customers.