There's a poster on here that always says 'insurance is a commodity, shop it.'
Dude is right.
This sunk in too late in life.
I think its probably the best thing for the insurance market they do this,
If any regulated insurance product is gonna be about the same. Your only choice is whether you on team Jake, Flo or you ridin the Emu,
Theres no real reason that any one company would be better than others. The policy limits are the policy limits, one way or the other. After that, you on your own. Its a difference in how you get there, because you are going to the exact same place. With any company.
With the computing power we have nowadays. There cant be that much difference in how these companies are evaluating risk and predicting losses.
When you get to the reinsurance market it all comes out of the same 4 or 5 pots.
I bet there are banks of supercomputers constantly evaluating trends, trying to predict losses, creating different models.
So the point is, requote your insurance every year.
Not saying you got to switch if you are happy with what you got. But at least you know where your at, and most people would happily spend that money somewhere else. Go to the thai massage place once a month, buy a damn chickfila nugget tray once a month, good golf, tennis or whatever makes you happy.
I think the best thing you can do as an individual is to get those dollars in circulation locally, rather than back to an insurance company and on up the chain. … wherever that ultimately leads.