Auto insurance

#76
#76
To further explain: say you have an agent like me that represents multiple companies. I can apply a multi policy discount to anything provided I write both your home and auto regardless of whether they're actually written with the same provider. With that concept in mind, its better to leave your auto insurance with one company, drive safe, and pay on time.

You can shop your house insurance around annually as long as the agent your using has good markets, is applying the appropriate discount, and is there to help you as much as possible.
 
#77
#77
GAVol said:
Companies overplay it a little, but if there's a questionable claim situation, you're probably more likely to get the benefit of the doubt the longer you've been with the company with good claims experience.

I don't know that there's really a right answer as far as how much you should be saving before you switch though. For some people it's hundreds and for some it's $1. Just depends on your finances and what value you place on your current company/agent.
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Gotcha. I can see the benefit of staying with them as far as claim situations but since I don't make too much I'm trying to save and considered the ten dollars enough to persuade me. Thanks for the input though.
 
#80
#80
If you had known some of the things I've done to save far less than $120, you wouldn't assume to know I was implying anything.
 
#84
#84
Obsessed said:
Don't be coy. You and I both know what you were implying.
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I think all he was implying is that I was a moron for not picking up on the fact that it was $10 a month and not per year.
 
#86
#86
TXA&M07 said:
To further explain: say you have an agent like me that represents multiple companies. I can apply a multi policy discount to anything provided I write both your home and auto regardless of whether they're actually written with the same provider. With that concept in mind, its better to leave your auto insurance with one company, drive safe, and pay on time.

You can shop your house insurance around annually as long as the agent your using has good markets, is applying the appropriate discount, and is there to help you as much as possible.
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Hmmm........ no offense but I'm not so sure about this.......
 
#87
#87
Goldie said:
That's something I hadn't really considered. I've only been paying for insurance for a few years now. Is there a benefit in staying with the same company over an extended time?
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To further answer this question, I agree about "yes" and "no". Basically yes it's good to stay with one company, because if you're with, let's say, 21st century for 4 years without a claim, you have pretty much been nothing but 4 years of profit to that insurance company. So other insurance companies will see that and will be begging for your business and throwing great rates at you when you decide to shop around. That's the plus side to staying with one company for a long time.

On the flip side, you need to keep on top of your rate increase. It's like the old saying about if you throw a frog in hot water he will jump out, but if you put him in cool water and slowly heat it up he won't realize it. Basically, people will stay with one company for a long time because they like the company. They will see slight rate increases every 6 months but won't think anything about it. Well, by the time 6 years is up, they don't even realize they are now paying $300 more for 6 months than they originally were, and if they will shop around they can probably find a company that will give it to them at the same or even a better price than they were paying when they first signed up with their current company.
 
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#88
#88
chatt-townVOL said:
To further answer this question, I agree about "yes" and "no". Basically yes it's good to stay with one company, because if you're with, let's say, 21st century for 4 years without a claim, you have pretty much been nothing but 4 years of profit to that insurance company. So other insurance companies will see that and will be begging for your business and throwing great rates at you when you decide to shop around. That's the plus side to staying with one company for a long time.

On the flip side, you need to keep on top of your rate increase. It's like the old saying about if you throw a frog in hot water he will jump out, but if you put him in cool water and slowly heat it up he won't realize it. Basically, people will stay with one company for a long time because they like the company. They will see slight rate increases every 6 months but won't think anything about it. Well, by the time 6 years is up, they don't even realize they are now paying $300 more for 6 months than they originally were, and if they will shop around they can probably find a company that will give it to them at the same or even a better price than they were paying when they first signed up with their current company.
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That is pretty much how I was looking at it. I also like that SF is going to be even cheaper than the P rate after I moved. Like I said, if I can save ten dollars a month with another company why keep paying 10 dollars more for the same coverage? It just makes sense to me.
 
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