I’ve been with the same company for almost a decade, and honestly, the “loyalty perks” have mostly been underwhelming. I did get accident forgiveness after five years, but it was buried in the fine print and didn’t actually lower my premium. Mostly just fridge magnets and tote bags over here... I’d rather see some real savings, but maybe that’s just wishful thinking.
Honestly, I feel you on the fridge magnets and tote bags—my glove box is basically a swag graveyard at this point. The accident forgiveness thing sounds nice until you realize it’s just... there, not actually saving you any cash. I keep waiting for some magical “decade club” discount to kick in, but nope, just more branded pens.
Has anyone actually switched insurers and seen real savings? Or is it just the same song and dance everywhere, with different logos on the tote bags?
Title: Are Loyalty Perks With Insurers Even Worth It Anymore?
Honestly, I’ve wondered the same thing. I stuck with my old insurer for years thinking the “loyalty” would pay off, but when I finally shopped around, the quotes were all over the place. Switched once and saved a bit, but then the new company hiked my rate after a year anyway. Accident forgiveness sounds good on paper, but if you’re a careful driver, it’s just another bullet point. At this point, I’m convinced the perks are mostly marketing fluff... but I still get nervous about switching too often in case it backfires.
Accident forgiveness sounds good on paper, but if you’re a careful driver, it’s just another bullet point.
Couldn’t agree more. I’ve never needed accident forgiveness because I drive like my insurance premium depends on it—because it does. The “loyalty perks” are mostly smoke and mirrors in my experience. I stuck with one company for almost a decade, thinking I was building up some kind of secret customer karma. Turns out, the only thing I built up was a higher rate compared to what new customers were getting.
Switched last year after finally getting fed up, and the new rate was lower... for about 12 months. Then, surprise, they jacked it up too. It’s like they count on people being too lazy or nervous to switch again. Honestly, I’d rather shop around every couple years than fall for the “loyalty” trap. If you’re a safe driver, most of those perks don’t actually do anything for you anyway. Just my two cents—don’t let the marketing fool you.
I stuck with one company for almost a decade, thinking I was building up some kind of secret customer karma. Turns out, the only thing I built up was a higher rate compared to what new customers were getting.
Yeah, that hits home. I’ve got a pretty pricey car and I’m super careful with it—never had to use accident forgiveness either. Loyalty perks always sound good, but in reality, it’s just marketing fluff most of the time. I’ve switched a couple times too, and you’re right, the “new customer” deals don’t last long. It’s a hassle but worth it if you want to keep your rates down.
