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Auto
Insurance -- Who Says Loyalty Pays? It Doesn't
Contrary to what you might be
made to believe, loyalty hardly ever pays in auto insurance. Yes, I
know about the loyalty discount touted by many insurers but how useful
is it? I'll get deep into it...
Have you ever experienced an increase in auto insurance rate as you got
your renewal notice? Did you ever pretend to be a new prospect and
tried getting a quote from that same insurer using, may be, a friend's
name?
If you haven't, try it and you might be in for a rude shock: Insurers
need new policyholders and one of the main ways they do attract them is
by offering them lower introductory rates (Of course, at your expense
-- Loyal policyholder).
You may argue that by your length of stay with this insurer you now
enjoy 5, 10 or even 15% loyalty discount -- And so what?
Is it better to get a 15% loyalty discount on an annual premium of
$2,400 when you could get the same coverage for $1,800 from another
insurer?
Don't take my
word for it (Even though close to 16 million drivers switch insurers
every six months -- What could be the reason?)...
Get and
compare quotes from five or more reputable auto insurance
quotes sites
and see if you won't get a better deal. And lest, I forget, do this
every six months and you'll enjoy the very best rates always (or at
least for as long as insurers keep playing this game).
Final
point: It pays to switch especially for as long as there are better
deals out there. It just makes sense to go were it's more profitable
for you.

Start getting and comparing quotes. The box below is a good place to
start. It's
free and will take you just a few minutes...
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