Why Loyalty to Insurance Companies Costs You Money

BiggerPockets MoneyJan 29, 20250m 37s829 viewsScore 75
Regulations & Compliance
beginner
Insurance
Expenses
M

Summary

AI-generated

Insurance companies don't always reward loyalty. It's a good idea to re-quote your insurance periodically. You can also reach out to an insurance broker to get quotes from different companies.

Key insights

  • Insurance companies often reward new customers with better rates.

Mistakes to avoid

  • Don't reward insurance companies with your loyalty if they are not rewarding you with theirs.

Tools & resources

  • Insurance Brokerservice

    An insurance broker works with multiple insurance companies to find the best rates for you.

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial