Discounts can sometimes work in funny ways. You may think that you need to be a loyal customer to get the best deals. But someone else can manage to get cheaper auto insurance rates from your existing carrier from day one. This happens quite often in various product lines as intensives must be offered to attract new customers.
Rivals must afford something better to persuade policyholder to switch. They spend tons of money trying to get those new applicants fill up proposal forms. It would be silly to let them walk away without trying utmost best. Many companies openly offer discounts to people who switch. For example, Esurance trademarked Switch & Save and they give a 5% discount for new customers as well as many others including up to 10% on full premium payment and up to 5% if you buy the policy online.
Even getting a new quote from a current vehicle insurance provider can save money. There are many examples to this. You would ask how would this be possible. First of all, they would not check that you are covered with them currently. Therefore, they may treat you as a new customer and provide special rates that are lower than any loyal customer would get. New customers get discounts straightaway. However, loyal policyholders may have to wait several years to qualify for it.
Furthermore, any changes in circumstances might not have been taken into account when renewal terms are calculated. For example, you may have had improvements on your credit score that could qualify you for lower prices. Companies don’t check insurance credit score at each renewal and therefore they wouldn’t know the improvements.
It is not difficult to find another example. If you had a traffic violation ticket and license points three years ago it would come off the DMV record about now. Again, they don’t check the latest driving history before they send renewal terms. So, they wouldn’t know about the improved records and not give the reductions you deserve. In fact, your renewal terms may be computer generated based on the information you provided at the time you got the first automobile insurance quote from them.
I would say; don’t hesitate or hold back on getting alternative quotes. The worst that can happen is you waste a few minutes searching. We spend hours on the Internet God knows for what. If you like you could just call them and ask if there is anything they could do to lower rates. They may ask you series of questions to see if you qualify for any they haven’t considered before. You never know, you can be couple of hundred dollars better off, thanks to one phone call.
You need to be active, ask questions and seek quotations if you want cheap car insurance. Doing nothing and hoping that they will offer better prices than anyone else is naive to say the least. Besides, don’t you want to know if you are currently treated fairly or not? You can quickly find it out and decide what to do afterwards. Many people choose to stay put even though they know there is a cheaper policy somewhere else.