In my opinion, all the stories about why homeowners insurance rates go up are pure speculation. Even the agents who sell the policies have no clue about why a company will choose to raise a customer's rate by 20 or 30 percent. And, I don't think the agents have any knowledge or power to influence a company's rate. The only way to save money is to shop around for the lowest rate regularly and be willing to change companies. Also, I think that being a loyal customer will not help you. Rather, it will make you a target for premium increases. The industry calls it "price optimization", raising rates on loyal customers because they don't think they will change companies.
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