Basically shopping for car insurance.
State farm 203
Progressive 180
GEICO 111
Everything is the same coverage wise…. So why stick to one or the other if I am covered the same. Or is there more to it?
If policy is the same then why stick to one vs other company?
byu/flyfreeNhigh inInsurance
Posted by flyfreeNhigh
2 Comments
It’s good to shop for new insurance rates every couple of years to get the best price. As long as the coverages are what you need you will be good
1) The policy is not “the same” even if limits are the same. There are generally three tiers of auto insurers – high net worth, standard and non-standard insurers; and even then there are variances in coverage.
2) The service you get is different with insurers. All else held equal, having a local broker or independent is *usually* better than having to deal with a call center.
3) Where the HNW and standard insurers stand out is claims handling/servicing which admittedly you hopefully won’t experience.