Moved a few months ago. Went to tell my car insurance company, they wanted to increase my rate by ~50%. Cancelled the address change. Term expired yesterday, so went to renew last week - now they are more than doubling the rate.
Have Motorcycle insurance through different company. Decided to get car quote from them - barely less.
Went to third company, Half the price. But motorcycle is 10x!
Okay, still keeping separate companies for car/cycle I guess.
@ehurtley Mary says that company 1 probably doubled your rate because technically your insurance had expired so you were a new customer
Still astonished at the 10x quote for the bike. One would think they would have been more competitive, since you were offering them additional business.
@gshevlin I called them well before it had expired. The renewal rate was significantly higher.
The really dumb thing? They just give the generic "some ZIP codes are more dangerous than others!" yet my new ZIP code is markedly less dangerous, and now I park in a garage instead of in the open!
@ehurtley Sounds like a limited amount of intelligence in that system.
My sister has the same fun in the UK. She buys insurance by the month, lots of people now do, and they switch on a dime because insurance companies are always jacking with rates. It is like they have some sort of algorithm that adjusts rates on a monthly basis, and the result is that many motorists jump from insurer to insurer at least once a year, and sometimes more frequently. The industry has created the problem.
Have homeowners through yet another company - car through them is about same as through motorcycle company.
Getting homeowners through any of the other companies is quite a bit more than any of the other existing relationships.
FFS, can't I just get "all three for maybe not the lowest-each, but at least close enough"?
SIGNIFICANT variation between them all on each product. For same coverage. The insurance industry is just a giant scam, with no real logic behind costs...