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10-02-2020, 01:09 PM
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Sage
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Join Date: Feb 2020
Posts: 15,239
Thanks: 1,261
Thanked 16,234 Times in 6,356 Posts
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Quote:
Originally Posted by retiredguy123
My annual premium with Progressive is only $655. If they doubled my rate, I would shop around. I don't think the local agents or brokers have any idea why some companies raise their rates, and some don't. It's above their pay grade. But, I do know that insurance companies do not reward loyal customers. They practice "price optimization". So, if you are willing to accept a huge premium increase this year, then, you will probably be willing to accept another huge increase next year.
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They charge what the traffic will bear
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