Are you loyal to your car insurance provider?
If you have been with the same company for more than 3 years, that loyalty might be costing you hundreds of dollars.
It is called the “Loyalty Penalty.” Many insurers offer great rates to new customers but slowly creep up the prices for existing ones, banking on the fact that you won’t bother to switch.
What can a Savvy Resident do?
Review your policy: Check if you are paying for coverage you no longer need.
Ask for discounts: Many providers offer discounts for seniors, safe drivers, or low mileage that they don’t automatically apply.
Compare rates: The market changes fast. A policy that was the cheapest in 2020 might be the most expensive in 2025.
Never be afraid to shop around. It is your money, and keeping it in your pocket is the smartest choice you can make.