Honestly, I’ve seen the same thing with clients—people assume sticking with one insurer means fewer headaches, but then their renewal comes in and it’s way higher than expected. Last year, I helped a couple who’d been with the same company for over a decade. They were shocked when we found them better coverage for almost $600 less per year. I get wanting stability, but insurers just don’t reward it. The only time I’d say stick around is if you’ve had a big claim and the service was top-notch... but that’s pretty rare these days.
I get wanting stability, but insurers just don’t reward it.
I get where you’re coming from, but I’ve actually had the opposite experience a couple times. I know it’s not the norm, but I’ve had one insurer go to bat for me after a water damage claim—handled everything super fast, barely any hassle. After that, I stuck with them even though the premium crept up a bit. Maybe I’m just risk-averse, but there’s something to be said for knowing exactly how a company handles things when stuff hits the fan.
That said, I do check rates every few years just to keep them honest. But isn’t there a risk that switching too often could bite you if you ever need to make a big claim? Like, does loyalty ever help when you’re dealing with multiple properties or higher-value homes? Curious if anyone’s seen long-term loyalty actually pay off, or if it really is just about chasing the best deal every time.
I’ve seen loyalty help a bit, but honestly, it’s hit or miss. One client with three properties got a small break after ten years, but it wasn’t huge. I do wonder if some insurers treat long-timers better when there’s a tricky claim, though... anyone ever get “preferred” treatment for sticking around?
I’ve seen both sides of this. Some insurers will say they value loyalty, but when it comes down to a tough claim, I haven’t noticed much difference—at least not with the big national companies. Had a client who’d been with the same insurer for 15+ years, and their claim still got dragged out like anyone else’s. Maybe smaller, local companies are different? Curious if anyone’s actually gotten a better outcome just because they stuck around... or is it mostly just marketing?
Sticking with the same company hasn’t really paid off for my clients either. I’ve seen claims drag on no matter how long someone’s been loyal. Maybe smaller outfits care more, but honestly, I think “loyalty discounts” are mostly just a sales pitch. Shopping around every few years seems smarter.