SteadyEddy

iTrader: (1)

I tried staying with State Farm (had been with them for years both cars and house) each year it kept getting higher and higher, last year I switched to Travelers saved over $600 on the cars, and $90 on the house with better coverage for both. In talking with my new agent she said people should look around every three or four years.

azkaty

Coming from one in the industry.. look every other year!

Best prices seem to be Geico and Progressive..
Katy

TooCoolSC

Glad to know I was going down the right alley with Geico and Progressive and that my switching "every other year" was accurate.

So Katy, the question is.....WHY? Was I right that companies give you a teaser rate initially, just to get you on board with their company?

Why do all companies seem to raise rates over time? When you ask them about the increase, they will tell you that there have been "increases" in your state, but it's odd that these "state" increases aren't reflected when you go shopping around to other companies.

I've always found it strange that car insurance tends to go up every six months, even though the car has gotten older and is worth LESS. If anything, it seems rates should be going down every six months because the company won't have to pay as much if there's a total loss. What am I missing?

TooCoolSC

Thanks for that. I've heard about Travelers' good rates before. I'll have to check them out. Another one that I've heard has low rates is Safeco.

My problem is that I have a wood shingle roof and a lot of companies won't insure them. State Farm only does it because I've been with them so long. But if I was to drop them and then try to come back, I'm not sure they would do it. I've heard a lot of companies won't even allow 1% deductibles anymore on new homeowners business. They are going to 2%.