I've noticed something similar, actually. A couple years ago, a friend of mine had a DUI here in Idaho and initially switched to one of those smaller insurance companies to keep the spike manageable. At first, he was pretty relieved because the rates were noticeably lower than what his old insurer quoted. But after about a year or so, every renewal seemed to inch the premium upwards, and before he knew it, he was nearly back where he started.
It made me wonder if these smaller companies lure people in with attractive initial rates, banking on the fact that most folks won't bother switching again once they're settled in. Maybe they figure you'll just get comfortable or complacent...it's hard to say for sure. On the other hand, maybe it's just standard practice across the board—after all, insurers adjust their pricing models regularly, especially if you're considered "high-risk."
One thing I've learned is that insurers have different ways of categorizing risk factors like DUIs. Some smaller companies might initially be more forgiving or flexible when evaluating your situation. Over time, though, they probably re-evaluate their risk pool and adjust accordingly. It could also depend on how many claims they've had recently—if they're hit with a bunch of payouts around renewal time, everyone's premiums might go up slightly.
I guess the bottom line is that there's no perfect solution. Even if you find a cheaper rate now, it's probably wise to stay vigilant and periodically shop around. Insurance seems like one of those things where loyalty doesn't always pay off...sadly enough.
I've seen this happen a lot, actually. Smaller insurers often start low to attract customers but then adjust upwards as their risk pool changes. Makes me wonder—has anyone noticed if bigger companies handle DUI rate hikes differently over time?
"Smaller insurers often start low to attract customers but then adjust upwards as their risk pool changes."
Haha, nailed it. I've seen this dance plenty of times—it's like the insurance version of the old bait-and-switch. With bigger companies, though, it's usually more predictable: DUI hits your record, rates spike immediately, then slowly ease up over a few years if you behave yourself. But honestly, it feels like they never quite forgive you completely... Has anyone noticed if bundling policies softens the blow at all? Curious if that helps or just spreads the pain around.
Bundling helped me a bit after my speeding ticket fiasco—classic Mustang, open road, you know how it goes—but honestly, the savings weren't huge. Seems like insurers have long memories, just like you mentioned:
"But honestly, it feels like they never quite forgive you completely..."
Still, every little bit counts...
- Had a similar thing happen after my reckless driving ticket... insurers definitely hold grudges.
- Bundling shaved off a bit, but nothing dramatic.
- Hang in there though, every dollar counts when premiums spike like this.
