I've wondered about that too, honestly. I stuck with my insurer through a couple of small hikes because of those loyalty perks, but last year I finally shopped around when the premium really jumped. The new company was cheaper at first, but like you said, my rate crept up again after the first renewal. Do you think it makes sense to factor in how often you file claims when deciding whether to switch or stay? I feel like if you're accident-free for years, some of those perks might not matter as much...
Do you think it makes sense to factor in how often you file claims when deciding whether to switch or stay?
Honestly, that’s been on my mind too. I haven’t filed a claim yet, so I feel like loyalty perks don’t really add up for me compared to just finding a better rate. If you’re not using the perks, what’s the point in paying more?
- Totally get where you’re coming from. I’ve been with the same company for years, barely ever filed a claim, and my premium still jumped this year.
- For me, I do think about how often I file claims, but honestly, it’s more about peace of mind. If I’m not using the perks or getting any real “loyalty” benefit, why stick around and pay more?
- The only thing that makes me hesitate is the whole “accident forgiveness” thing some companies offer if you’ve been with them a while. But if you’ve never filed a claim, it’s kind of a moot point.
- I also worry a bit about switching and then having something go wrong right after... Murphy’s Law, right? But at the end of the day, if the numbers don’t make sense, I’d rather save the cash.
- One thing I do is check every year—just in case. Loyalty’s nice, but not if it costs me hundreds for nothing.
It’s wild how much rates can jump even when you’re a “good” customer. Makes you wonder what the loyalty is actually worth.
I hear you on the loyalty thing. I’ve kept my old ‘72 Chevelle on a separate classic policy for years, and those rates barely budge. But my daily driver? Every renewal feels like spinning a roulette wheel. I get nervous about switching too, but last time I shopped around, I saved enough to cover a new set of tires. Sometimes the “peace of mind” is just knowing you’re not getting fleeced…
Every renewal feels like spinning a roulette wheel. I get nervous about switching too, but last time I shopped around, I saved enough to cover a new set of tires.
That’s exactly how it feels for me—like you’re just waiting to see what the magic number will be this year. I used to think sticking with the same company would pay off, but after my last renewal shot up for no clear reason, I finally checked other quotes. Ended up with a lower rate and honestly, it was less of a hassle than I expected. Loyalty’s nice, but sometimes it’s just not worth the stress or the extra cash.
