Reader’s Question:

Ive been with the same insurance company for 15 years. Although I have been searching around and I have a lot of rates cheaper than what I am paying now. I am not sure if I should switch to a different insurance provider. Do I get any benefits of being a long time customer?

Sam

Chicago IL

This decision of switching to a different car insurance company is a personal decision. Most insurance companies would provide you discounts if you stay with them or if you get all your insurances with them such as car insurance, home insurance or renters. Most insurance providers will also provide you discounts if you do not have claims or with less or no tickets.

Some insurance providers give discounts as well for being with the company for a certain number of years but not all do so depending upon that discount alone may not be a good reason to continue with your current insurer, especially if you can get just as good coverage for a cheaper price with another insurer.

When you switch to a different car insurance company, new insurers also provide a discount if you have had continuous insurance coverage with them with no lapses. All you need to do is to prove that you have continuous car insurance on your car to be eligible for this discount.

Insurance providers would prefer to keep you as a customer but that does not mean there are enough reasons necessarily to keep the same company if you can get better car insurance deal with the same amount of coverage.