Quote:
Originally Posted by link
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.
|
Maybe it is me but I can't understand the notion of not competing. I check out my rates vs the competition every so often. I discreetly shop them just to make sure as I am sure they will do me one way or the other. Had you been with the other company, you would have switched on discovery if they don't lower the rates. I would have. I give the current company a shot at lowering the rates to save myself paperwork. So are they counting on your undying loyalty and/or your stupidity to not check? Counting on either, to me, at least, is crazy, to put it mildly.