Quote:
Originally Posted by Bill14564
If you haven't already done so, shop around other major insurance companies.
We found that our existing company wanted to charge us about 20% more when we moved to FL but a different national brand wanted charge us 40% less. We're happy paying less here than we were in MD for the same coverage.
Note: I've already accepted that we may have been greatly overpaying for insurance for many years back in MD.
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People tend to think, I've been a loyal customer for xxxxxx years. Insurance is a math game. They will offer you an enticing rate to switch. If, an increase is say 5% if you start at a lower rate it is say 5% of 1,000 vs 5% of 1500. A loyal customer? The difference compounds.
It is a good idea to comparison shop. Just beware, companies are rated by fair, reasonable payouts. Cost can be cheap if they do not pay, fairly if there is a loss.
All the companies are great at cashing your check.