this post was submitted on 28 Jul 2026
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I go through an insurance broker and they said that it's important to check around every renewal to see what is being offered. They rely on customers getting complacent. If everyone actually shopped around every year, it would theoretically drive prices down. They would have to resort to price fixing to keep their massive profits.
They don't already price fix?
I always hear about the importance of shopping around for insurance, and I don't necessarily do it every single year, but probably about every other year
And everywhere I look my quotes are always about the same, within a few bucks of what I'm already paying.
And I guess if you add it all up over the years a couple of bucks a month difference does eventually add up to something kind of significant.
But having been with my current company/agent for a while and having had to use my insurance a couple times over the years, I don't mind that so much because I've found them pretty easy to work with. They've paid out when I needed them to without any drama, and they've been willing to cut me when, like when I had some billing snafu that was kind of my fault they were saw that I'd been a customer for a while with otherwise perfect payment history and we're willing to waive some fees that were otherwise tacked on. And jumping ship to save very little money and not knowing if the new company is going to be as decent to work with just doesn't seem like a smart move to me.
Still pisses me off to no end that my insurance goes up every year though. My car's not appreciating in value any, and I'm not getting any younger or more reckless on the road, nor have I reached the age yet where my mental faculties have started to nosedive, and I have a very clean driving history.
I've had a similar experience with car insurance. Home insurance, though, my rates went up ~40% two years in a row. Switched companies and pay less than half of the inflated rates.
Truth. I have a broker and every year before my renewal she price shops every provider to keep giving me the lowest price. Before that, my car insurance had steadily creeped up almost 50% higher than everything I was quoted. Do I have to change apps and remember who I’m with every year? Yes, but I’ve saved a lot of money in the process.
In my country for liability insurance at least, national traffic insurance fund website has a comparison tool. Just enter the data and get results for all the companies (minus the banks for some reason, they also offer insurance). The difference can sometimes be 5x or more and they offer the exact same legally mandated coverage (some have minor bonuses like "moose insurance" or legal aid, and no, those aren't even always the most expensive ones).
And you're gullible enough to think they aren't/won't price fix?
Well you see with all the harvested data they have on everyone, including knowing what you pay now, it would be really difficult to offer you something cheaper. so really its your fault for paying so much already, and fitting into a part of the population that based on A/B testing can have their rates raised a certain percentage before they feel its too much to bother looking for alternative insurance companies /s
I don't understand why someone would downvote you. You added the /s, lol
Seriously though, insurance companies spend more money trying NOT to pay the ~~mark~~ customer than they do just paying out for claims.
I think they are "gullible enough" to believe that losing business is the only thing that would keep corporations from being shitty.
Except it's a captive market. When it's a law that you have to have something and there's only a dozen or so "options" (especially when those options end up being owned by the same entity) they will never lose enough business to have to stop being shitty.
No one is saying they'd clean up their act. But yes if they were constantly losing customers they'd obviously lower prices a bit. Keep in mind this is not blaming customers.
Insurance companies not being shitty? LOL
How is it a thing that someone is belittled for saying something likely true and makes no implications unless you invent them? No one is saying it's the customers fault or that insurance companies would be angels if we forced them to.
Uhh... you did, though...
The thing about words is that they can mean many things. Your choice to read them as uncharitably as you can imagine is not damning evidence.
Yes your refusal to admit that you making shit up in your head not being objective reality is what I'm talking about