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Not a new fact, but one that is getting more attention.
Not sure this link will show.
Among the many reasons auto-insurance premiums can go up: Being a loyal customer | PropertyCasualty360
In summary:
“It has never been more important to shop around for auto insurance, no matter how long you have been with your current company,” says Robert Hunter, CFA’s director of insurance, in a statement. “Even if you have a perfect driving record, many insurance companies are raising rates on people just like you—people who do not shop around.”
Through a method called “price optimization,” insurers quantify (among other things) your likelihood of sticking with the company and then adjust rates based on their analysis. Hunter calls the practice unfair and dishonest.
Being a loyal customer will not get you the best rates anymore. Being a shopping customer will.
Getting to really not like selling auto insurance.
Dave
Not sure this link will show.
Among the many reasons auto-insurance premiums can go up: Being a loyal customer | PropertyCasualty360
In summary:
“It has never been more important to shop around for auto insurance, no matter how long you have been with your current company,” says Robert Hunter, CFA’s director of insurance, in a statement. “Even if you have a perfect driving record, many insurance companies are raising rates on people just like you—people who do not shop around.”
Through a method called “price optimization,” insurers quantify (among other things) your likelihood of sticking with the company and then adjust rates based on their analysis. Hunter calls the practice unfair and dishonest.
Being a loyal customer will not get you the best rates anymore. Being a shopping customer will.
Getting to really not like selling auto insurance.
Dave