Cost benefit analysis. Companies have a lot of analytics that drive these decisions...

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Jun 18, 2024
8:35:37pm

Tokolosh Stop the Stupid party member

Who to raise. When to raise.

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Tokolosh

Bio page: Tokolosh
Joined: Jun 9, 2004
Last login: Sep 27, 2024
Total posts: 61,920 (5,843 FO)

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Messages

Author

Time

I was with Geico for 10+ years. They always gave me good rates.

Cougar Junkie

Jun 18, 8:30pm

Because they will make more money by raising the rates on their loyal customers than they lose...

Tokolosh

Jun 18, 8:31pm

But they hadn't raised rates like this before. Why now?

Cougar Junkie

Jun 18, 8:34pm

Cost benefit analysis. Companies have a lot of analytics that drive these decisions...

Tokolosh

Jun 18, 8:35pm

Customers might be loyal to companies…

NanoFab Coug

Jun 18, 8:42pm

Because everything they insure got very expensive, very fast. That $400k house?

P-Widdy

Jun 18, 9:53pm

Progressive will likely give you a 30% increase on renewal

PortlandCoug

Jun 18, 8:32pm

Splendid. In that case, maybe Geico will give me a good quote to go back.

Cougar Junkie

Jun 18, 8:34pm

That’s the insurance game so yeah, I did the same thing a few years ago

PortlandCoug

Jun 18, 8:35pm

Switching insurance companies is the only way to save. It's a racket.

dYrtbYkerYder

Jun 18, 8:36pm

We just did the same thing. I was really surprised at the price difference.

freeedomguy

Jun 18, 8:47pm

I’ve had them for about 10 years in California and they’re always the cheapest.

BNcoug

Jun 18, 8:51pm

Because their pricing algorithm doesn't care about your loyalty.

russkiejedi

Jun 18, 8:58pm

Progressive also gives a 20% discount for paying in full for the year.

byubyu

Jun 18, 9:12pm

I was with Farmers. I shopped around – everyone was better. I called and told

Benfica1

Jun 18, 11:28pm

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