Insurance - I'm an idiot.
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Today, I got an email from Allstate about my condo homeowner policy. I was more than a little shocked at the 30% price increase, so I thought it might be good to shop around.
About a month ago a new State Farm office opened in our building. The guy who owns the franchise has been in business for 25 years, so though it's a new office, it's an old business.
Wow.
Without getting into specifics, they gave me quotes on the homeowner and auto insurance.
The homeowner is half the price of Allstate for the same coverage.
The auto is ONE THIRD the price.
Letter went to Allstate today cancelling my policies with them - I'm off to State Farm.
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They know people get complacent and most just suck up the price increase. Especially if they procrastinate paying the bill and don’t have time to shop around.
@jon-nyc said in Insurance - I'm an idiot.:
They know people get complacent and most just suck up the price increase. Especially if they procrastinate paying the bill and don’t have time to shop around.
That's exactly my situation. I was lazy...
ETA - last year, when I called my Allstate agent, they said the increase in price is industry-wide. They lied.