followers 5 popularity
following 0

followers  view all

MclaurinWilliams is not in any groups

Top 5 Bad Reasons to Stay With Your Current Insurance Company

Oct 29th 2015 at 1:02 AM

There are a lot of great reasons to stay with your current insurance company. They may have provided great service when you had a claim. Or maybe they have unique coverages that other carriers do not offer. Or perhaps the price is very competitive. These are all logical and legitimate reasons to stay loyal to your current carrier.

There are other reasons that folks stay with their company that are not as logical. Blind loyalty to a huge corporation is not wise. Here are the top five bad reasons to stay with your current insurance company.

1. I've been with my company for many years

Sure, jumping around to different insurance companies every other month is not a good idea. On the other hand, staying with the same company for decades without shopping around every once in a while could mean you are paying too much. Just because you have done business with one insurance company over a lot of years, doesn't mean you are in a committed relationship. Feel free to look around. It may save you a couple hundred dollars.

2. My current company provides a safe-driving rebate

While it is nice to get checks in the mail, rebates from an insurance company could just be refunds for overcharging you in the first place. You may want to verify that you are getting a competitive rate, even after the rebate check.

3. My current company offers roadside assistance

Most reputable car insurance companies offer roadside assistance. That's not a unique offering and so it's a terrible reason to stay with your current company if you can get a better rate and/or better service elsewhere.

4. It's a hassle to change insurance companies

Maybe it's a hassle with certain types of policies, but home and auto policies are pretty simple to change these days. At some companies, home insurance policies can be issued with a simple email request. Car insurance policies can be issued with a short 10 minute phone conversation. Would saving a couple hundred dollars be worth a few minutes of your time?

5. I've never heard of that company

Insuring your home and auto is a big deal. You want to go with a company that is known to you. I get it. But there are hundreds of reputable companies in every industry that are unknown to many. Just because they do not spend hundreds of millions of dollars advertising on television, does not mean they are a terrible company. If they have a good credit rating and decent reviews, you can rest assured that they will pay according to what the policy states.

For more information about Car Insurance Philadelphia,Cheap Car Insurance Philadelphia,Home Insurance Philadelphia and New Home Insurance Philadelphia please visit my website.

Please to comment

sign in

Remember Me

New to IM faceplate? join free!

Lost Password? click here