Switching companies to find a lower rate is a good idea! When switching companies or getting a new home insurance policy, home insurance companies will check previous claims.
Your previous claims history is part of how home insurance
providers determine your rates. If you have submitted claims with your previous insurer or within the last five years, your rate will likely be higher, regardless of the company. When rating a policy, insurers pull your claims history from a large database called CLUE or Comprehensive Loss Underwriting Exchange. That said, you can still find a lower rate. Again, previous claims are only a portion of how insurers rate policies. By shopping around, you could potentially find a lower rate than what you’re currently paying.
If you want to save money on home, renters, or car insurance, the Jerry
app is a good place to start. A licensed broker, Jerry does all the hard work of finding cheap quotes from the top name-brand insurance companies. Jerry will even help you cancel your old policy. 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.