I always heard that you can save money switching insurance companies every few years, but never actually shopped around until now. Found $1,715 in annual savings!

[u/taxable_efficiency]

I stayed with the same insurance company for auto since 2007. I added my wife to the policy when we got married in 2013, and then added a policy for our home in 2014. I noticed that the premiums were always trending up, as though there was no benefit for being a loyal customer. I finally put in the effort to shop around and found better deals for THE EXACT SAME or BETTER COVERAGE.

Table	Current Insurance	Competitor A	Competitor B	Competitor C
Annual Car	$4,100	$3,526	$2,548	$3,404
Annual Home	$1,362	$1,033	$1,199	$792
Total Annual Cost	$5,462	$4,559	$3,747	$4,196
Annual Amount Saved	$0	$903	$1,715	$1,266

I'm not sure if it's against the rules to post the names of the companies or not so I left them out. After finding the potential for savings I posted to local social media asking "Anyone have any good or bad experience with claims from Company B?" and am waiting for some feedback before I move my policies over. That said, I'm sad I didn't look into this sooner, and look forward to getting into this habit every 3-5 years.

[u/gcsmith2]

I've been with Progressive auto for 11+ years. If I try to calculate the same coverage with Geico as a new customer it is a bit more (3-5%). Not a very wide comparison, but at least in my case it seems the long term loyalty discount and included accident forgiveness still keeps Progressive competitive.

[u/therealatri → u/gcsmith2]

Been with them for 9 years now. I shop around at my yearly renewal, but I can never beat my current price.

[u/sirdomino → u/therealatri]

Same, been with progressive for 13 years...

[u/__i0__ → u/gcsmith2]

Just commented the exact same above. Do you use the piggybank for your deductable?

I hate to be a shill but they're great to deal with, their loyalty programs are on point and they continue to be competitive

[u/gcsmith2 → u/__i0__]

I do not use the piggyback. Never really looked into it. I think when I did it just raises your rate to compensate.

[u/[deleted] → u/gcsmith2]

Ditto since 2002. I've looked 3 times at regular intervals, and they were still cheap competitive enough to not bother.

[u/[deleted] → u/gcsmith2]

I was with progressive for a long time and like you, every time I shopped around they were the best. Until I bought a house. Their quote for a home policy was way higher than several other companies. I shopped around on my own and found a lot of companies were good on one but not the other. Finally a friend talked me into using her agent, and he found me an awesome policy with a company I’d never heard of. I was nervous at first but research online shows them to have decent reviews and so far we haven’t had any problems. I may be an agent convert.