Do auto insurance companies offer lower rates for loyal customers?
My policy is up for renewal and I'd like to increase my coverages. I'm getting a quote from another company for a lower rate, but would my insurance company match their rate since I've been a loyal customer?
Answer provided by
Answered on May 17, 2021
“You’ll need to reach out to your car insurance company to find out whether they can offer you a similar rate. Insurance carriers don’t often offer loyalty discounts or automatic discounts, so you’ll need to talk to them directly.
If you want to increase your coverage and you’re receiving a lower rate with another company, you should consider switching. Since every company has different discounts and rating factors, you may not be able to get a lower rate with your current company.
It’s always recommended to shop around during your policy renewal period. As long as you maintain continuous insurance coverage, you won’t be penalized for switching companies for a better rate. “
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Browse by topics
What others are asking
What's the difference between property insurance and home insurance?
I've heard these two terms used interchangeably. Is there any difference between them?
Mar 12, 2021
How should I adjust my auto coverage to save money with Progressive?
I have had Progressive insurance for nine years and never had a claim or service issue. I have had a change in circumstances and need to cut costs. Should I reduce my coverage or increase my deductibles to save money on my two cars?
Apr 26, 2021