Raising rates is how they reward what you call “loyalty.” Same as cable, cell phone. They see you as stupid for not shopping around.
LOL. I've never seen an insurance company offer/issue loyalty points.
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100% true. I was with Allstate for close to 20 years with multiple cars, homes, boat, etc. My total premium went from about $5000 to less than $3000 when I finally ditched them and went to American Family. After a couple years, AMFAM went up for no apparent reason. So I switched to Country Financial. After a couple years, Country stopped using lube and my rates went up so I ditched them. Now I am with State Farm.
It sucks but it is totally worth the effort to get competitive quotes.
This is what I have tried to tell people for years. Staying with the same company costs you more. If you shop around, you can find better deals.
You used to be rewarded, now they take you for granted...