Insurance switching

[Skippy722]

Originally Posted by ethnix
Originally Posted by Skippy722
Originally Posted by hatt
How loyal is the insurance company going to be to you when it comes claim time? Exactly right. Zero loyalty. They'll be looking for any possible thing that allows them to deny your claim.


Geico doesn't seem to care, I filed a claim 11 months after the incident. No police report or anything, just hit a deer... no questions were asked beyond that and I had my car looking better than it ever did in about a week.


Any previous incidents on your your CLUE report?

CLUE (Comprehensive Loss Underwriting Exchange)

What is CLUE?
CLUE is a claims-information report generated by LexisNexis®, a consumer-reporting agency. The report generally contains up to seven years of personal-auto and personal-property claims history.


Nope, claim free from the day I started driving to that point.

 

[Burt]

Originally Posted by JeffKeryk
You can get an on-line quote from Costco Ameriprise and Geico. 5 minutes of your time.
Good luck.


Costco Ameriprise came in at $3500. Geico was $2000 although it had a lot of options that you had to toggle on and off.

 

[MoneyJohn]

Looks like I am the lucky one. I have Erie for 5 years now, had a crash at the end of year 1, the total claim of both the vehicles was about 4500. They tucked $100 annual fee for that crash but overall premium went down. It is going down by 30-50/year. Agreed, its not much but at least they are not jacking it up, yet.

Originally Posted by paulri
I would have no problem switching if the rates were going up significantly, without any claims. I went with Farmers for several years for home & car, and then found that Mercury would give me both, for a hundred or two less than what I was paying Farmers for car alone. So it was a no brainer.


Take this with a grain of salt. The crash I mentioned above, the body shop owner had Farmers. His comment, if you would have Farmers I would not have worked on your car. I am fine because if anything happens, I will fix my and the other car, insurance permitting but the way they work (as in cutting corners), I don't want my business to work with them. He suggested Chubb if you want the company that stands behind you, no matter what happens. Of course, they are the most expensive. I had never heard of this company until then.

 

[Ws6]

Originally Posted by Burt
I stayed with the same insurance company for years, but they got pricey. I've been using an broker for the last few years and they get great prices but I have to switch companies every year because it seems like the companies play the game of first going for market share and then later jack up rates. House insurance is worse, but auto does it too. And its big money. The range in quotes for home insurance this year was from $1,700 to $4,400. $2,200-$2,500 seems like the market price.

My questions are: do you think being loyal to an insurance company means anything to them? The broker I have been using is $200 more than the least expensive. How price sensitive are you?


It means something to your local office and who you deal with, who chooses the wording used on claims filed...

I use State Farm and have been extremely pleased with every aspect of our relationship.