You would think that staying loyal to particular company would make way for discounts and better treatment. However, when it comes to insurance companies, loyal customers seem to be getting taken advantage of. When thought about logically, it does not make sense to for companies to offer lower rates to customers who don't bother checking alternative auto insurance quotes. This makes it that much more important to do some policy shopping every few years since this could yield in significant savings.
Here are a few tips to make sure your car insurance company is not overcharging you:
1. Shop around for a new car insurance policy. Try to do this every two to three years and you may be surprised with what you find. However, this doesn't mean that you are forced to switch carriers on a regular basis. If the difference between your current carrier and the new one is only a few dollars, it wouldn't make sense to switch. Also, try to have good communication with your agent, which goes into the next point.
2. It's important to find a good agent. It's been said that independent insurance agents are more likely to value loyalty and be more engaging than agents that are tied to a specific company. Agents are more than just middlemen; they are people who actually care about customer loyalty. They don't want the company they represent to treat their client poorly.
3. It may be that loyalty isn't even the big problem. You may just need to eliminate what you don't need. While it's important to do policy shopping, it's also important to review your current policy and make sure it's up to date. You very well may be paying for insurance that you no longer even need.
Many drivers may think they're being loyal, but there's also an aspect of laziness involved. They don't want to be bothered with turning on the computer, finding a reliable insurance comparison website, and entering in basic information. However, the process only takes a few minutes and by the end, they will know if they're being overcharged or not. Do your research and find out the information! You could end up saving a lot of money!