- Jul 10, 2012
- South Carolina
Perfectly said. I have been doing this for the last 14 years or so. Low price wins, I dont bundle because I ALWAYS find a lower price from different companies without bundling.I just switched from State Farm to The Hartford. State Farm raised prices, no tickets, no accidents, no changes to anything. I moved the umbrella policy to them as well, and broke up the bundle I had with State Farm. No BS I saved a bit over $1,400/ year for identical coverage. That money was probably going to two star football quarterbacks, and a coach. I left the homeowner's policy with State Farm because even after breaking the bundle and losing the discount the price was competitive, and I don't want all my eggs in one basket again. Familiarity breeds contempt with insurance companies, and rates should be shopped every couple of years, or at each rate increase.
Funny you mention State Farm, we had them in NY. I have to say AT THE TIME (and this was a long time ago) the local broker that we had in Massapequa treated us well, with another family member we had our cars, boats, life, homes and a substantial business policy with him.
When we moved down south, I expected rates to drop and then didnt so that is when I learned.
State Farm no longer insures me on anything except life.
My experience was the same as you, in fact, in reality with now shopping insurance companies and cutting the cable a decade ago the savings kind of paid for my new at the time 2014 Harley Road King.
I shop best price like a do any product including fuel for my vehicles. I drop any insurance company with a click of my computer mouse without thought the second I find a better price. I check online at least twice a year and I do NOT wait for the renewal time to do this. I do it at anytime and the company I cancel sends me a prorated check for the unused term of the policy.
My bike and boat insured with Progressive, my vehicles with esurance , my home with travelers and my life with state farm.
As you know we are about to move to a new home we are building, hopefully within the next 6 weeks. I always got a killer price for insurance with Travelers but this time from Progressives "Homesite" so Travelers will be another bygone.