Loyalty discounts have never really impressed me either—usually just a couple percent, and half the time the “perk” is like a free calendar or something random. I shop around every year, especially with multiple properties. Sometimes I’ll even call my current provider with quotes from competitors and see if they’ll match or beat it. Out of curiosity, has anyone actually had an insurer drop them for shopping around too much? I always wonder if there’s a downside to being too aggressive about it...
Never heard of anyone getting dropped just for shopping around or asking for better rates—if anything, it seems to keep them on their toes. Personally, I treat insurance like any other negotiation. If they want my business, they need to earn it. Loyalty perks are rarely worth much... unless you’re a big fan of branded calendars.
Yeah, I’m with you—loyalty perks are usually just fluff. I’ve shopped around every couple years and never had any pushback from my insurer. If anything, they suddenly find “special discounts” when I mention I’m comparing quotes. Funny how that works. Only thing I’d watch for is if you’ve filed a bunch of claims; in that case, some companies might get twitchy if they think you’re shopping because you’re a risk. Otherwise, no harm in keeping them honest.
Yeah, funny how those “loyalty discounts” magically appear the second you mention you’re shopping around. I’ve got a few properties, and honestly, it’s a routine at this point—every renewal cycle, I run quotes just to keep my providers on their toes. I’ve only had pushback once after filing a claim, but otherwise, they’re usually eager to keep my business. Loyalty’s nice in theory, but not when it costs you extra every year.
Yeah, I hear you on the “loyalty” thing. I’ve been burned before by just sticking with the same insurer and not checking rates—ended up paying way more than I should have. Here’s how I handle it now:
- Every renewal, I get at least three quotes from different companies. Takes a bit of time, but it’s worth it.
- I always check my credit report before shopping around. Some insurers use credit scores to set premiums, so I want to make sure there aren’t any surprises dragging my rate up.
- If my current provider offers a “loyalty discount,” I ask them to put it in writing and compare it directly to the new quotes. Sometimes their “discount” is still higher than a competitor’s regular rate.
- After filing a claim, I’m extra cautious—some companies will hike your rates or even drop you. That’s when I really dig into the fine print.
Honestly, loyalty only goes so far. If switching saves me a few hundred bucks and doesn’t mess with my coverage, I’m out. Just gotta watch for those hidden fees or policy changes that can sneak up on you...
