RV insurance jumped
Well my insurance jumped $150 for the year, my agent says they go by MSRP now and not what you paid for it.
Forum Discussion
lanerd wrote:
Loyalty means nothing to insurance companies. As soon as my insurance jumps a significant amount, I will immediately start researching for another company.
In my 50 years of being an auto (of one type or another) owner, I probably have not had more than five claims.....so that's thousands and thousands of $$ I've paid out for premiums for those few claims. Who do you think is ahead in this game?
Based upon those 50 years, the odds of me having to request another claim is very remote so I always shop for the absolute minimum cost to me, and will do so every year if necessary.
So my advice to you is shop around and submit requests for price from at least 5 to 10 companies. Keep a record of those request so that you can do it again next year.
Ron
I don't doubt insurance companies make big profits on clients but If I pay $1500 a year for 20 years with no claims That is $30,000 profit for them. However, one claim could be $1 million. It is the roll of the dice for them. Basing rates on lots of things. I paid State Farm premiums for years on my S&B home. Never had a claim until a few years ago. A lawsuit went to the appelate court and cost them big bucks. I didn't get any rate increases. Its all a gamble.
