Quote:
Originally Posted by aklim
What I DO question is, why is it after I present you with quotes from your competitors, you don't back down? I think of going into Best Buy and showing them an ad for say $10 less for the same item. They back down and match the price. What I don't know is how one underwriter can see one thing and the other sees something else different. So what else controls them?  Do they look at different criteria? When I sell something, I match the competitor's price or at least shop them and come close. I can see running promotion to get customers but some of the quotes that nate300d got are pretty far apart. |
I asked a similar question earlier today and the response was that insurers don’t vary their rates based on the idea of being competitive. My words. It is a prerogative.
This is the exact same issue with health insurance and why the ACA came about as there is no incentive for insurance companies to compete except for in an upward nature – that is by increasing costs to the consumer.
As an aside, if it were only $10 i would not care. Most of these are anywhere from ~$150 to $1,100 + increase for the exact same thing.