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[deleted] t1_iuhtn4h wrote

Reply to comment by Repulsive_Air603 in Your insurance will most likely be going up by Grayjay000

Yeah this isn't true. Plenty of insurance companies just walk the prices up for existing members every month until they leave and go elsewhere. They'll sign you up for cheap with all sorts of new member discounts. Once they have you as a customer they couldn't care less.

I did the same. My progressive policy went from $560/6mo to $850/6mo by the third renewal. Canceled and went elsewhere. Have equivalent insurance for $600/mo.

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Repulsive_Air603 t1_iuhw5zh wrote

I work for a small insurer and build our rating plans based heavily on Progressives rate plan. The only diminishing discount they have is their advanced quote discount. starts out around 13% and decreases to 0% overtime. Diminishing discounts vary between insurers but that 50% difference isn’t all from regular policy aging.

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[deleted] t1_iuhyxl5 wrote

I really don't care what it's from. Another insurer was basically able to take me down to where I was before. The problem is low risk people can get better insurance. Jacking up rates on low risk individuals just increases the risk and thus loss of their portfolio. Which means they have to raise rates even more.

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