conducted within its membership makes the point clear.
Of the 23% of the members who said they switched providers in the past five years, 63% said they found a cheaper option, and 78% said they were "highly satisfied" with their new insurance.
Insurance companies are constantly offering new discounts and incentives to consumers, but these are rarely related to whether you’re a current customer. Shopping around lets you take advantage of the latest deals, no matter which company is offering them.
When it comes to attracting customers, insurance companies tend to treat customers like fish. They lure you in with deals and discounts, and once you’re hooked, they don’t worry too much about you.
A practice called "price optimization" demonstrates this attitude perfectly. As per Consumer Reports, the term refers to the raising of rates for reasons unrelated to increased risk. California, Florida, Ohio, and Maryland have outlawed the practice, but in most states, insurers can raise rates whenever they want to.
By shopping around at the end of your policy cycle, you can ensure that your current provider isn’t taking advantage of you. Who knows—maybe you’ll circle back to the company you already signed up with because they’re still offering the price that attracted you to them in the first place. But by looking around, you can take the guessing game out of the picture.
The factors that affect your premiums the most are your driving profile, the type of car you drive, your credit history, and where you live. Sticking with a particular provider won’t help you keep costs down and can actually end up costing you extra money.
You can’t control everything that affects your insurance costs. Improving your credit score or your driving record can take years. But switching providers is easy, especially with
A licensed broker, Jerry does all the hard work of finding the cheapest quotes from the top name-brand insurance companies and buying new car insurance. Jerry will even cancel your old policy for you.
And to ensure you always have the lowest rate, Jerry will send you new quotes every time your policy comes up for renewal, so you’re always getting the coverage you want at the best price. This level of service is why Jerry earned a 4.6/5 rating on the App Store and made it the top insurance app in the country.
"B.A., English Literature, MedAndrew Koole is an insurance writer who specializes in writing automotive news articles. Andrew’s mission is to create informative and instructional content car owners can use to reduce costs, master repair skills, and learn more about the automotive industry. Andrew has published over 600 articles for Jerry on topics ranging from automaker history to car insurance deductibles. Before joining Jerry in 2021, Andrew split his time between freelance writing in the entertainment and travel industries and creative writing in poetry and fiction. His writing is featured on a variety of arts and travel websites, including his own Ponytail Press.