Is a $2 dollar reduction worth it?

Discussion in Auto Insurance started by Zapped • Jul 14, 2012.

  1. Zapped

    ZappedMember

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    I am with Progressive auto insurance, and have been for over 10 years. I got a quite from State Farm that was $2 less per month. Is a $2 dollar a month deduction worth giving up a company that I have been with for years, which has treated me well?
     
    #1Jul 14, 2012
  2. KNH

    KNHActive Member

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    In my opinion, absolutely not. If you are comfortable where you are at with Progressive, I think you should stick with it.
     
    #2Jul 14, 2012
  3. tetutato

    tetutatoActive Member

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    No lol. Just stick with your current one. Who knows if State Farm will treat you as nicely and there are no hidden fees involved?
     
    #3Jul 15, 2012
  4. Parker

    ParkerWell-Known Member

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    No, it's only $24/year difference. If you have been treated well by Progressive why move. Great service is rare these days.
     
    #4Jul 15, 2012
  5. hunysukle

    hunysukleActive Member

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    Not really, especially if you've had a great relationship with your current company. Is $2 per month really going to make a difference in your budget? Like the saying goes, "if it ain't broke, don't fix it".
     
    #5Jul 15, 2012
  6. ohiotom76

    ohiotom76Well-Known Member

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    I'm a little biased here since I used to work for Progressive, but they are a great company. They treat they're employees very well, and the main headquarters is a very impressive place complete with an on site doctors office. If you're an art lover, they also invest heavily in the arts, all the artwork throughout their buildings is all original work. :).

    Regarding the discount, all insurance carriers rate customers by different sets of criteria. One might care if you're married or not, another may not. If you're not currently insured, some carriers won't even offer you a quote because they will consider you "high risk", and will instead sell your information off as a lead to one of the other carriers.

    As others have noted however, while I'm sure State Farm would love to have you on their book of business, $2 isn't really much of an incentive - and I'm surprised the agent even tried to sell you on that, lol.
     
    #6Jul 15, 2012
  7. Mrs. Pirz

    Mrs. PirzExpert

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    I would say no. It's such a small difference and you've been good with the company for a decade. Sometimes loyalty goes further than money does. Who knows - maybe in a couple more years they will drop your rate for being such a loyal customer!
     
    #7Jul 16, 2012
  8. Jessi

    Jessi<a href="http://www.quirkycookery.com">QuirkyCooke

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    I wouldn't do it either. If you have a good relationship with your current one, then $2 isn't worth it. If you've had issues and were actually looking for reasons to switch other than a savings, then it's worth looking into farther, especially if you end up with more benefits.
     
    #8Jul 16, 2012
  9. Linky

    LinkyExpert

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    The only time it would be worth shifting over is IF they can offer you a substantially more lucrative save. As it stands now...it really is not worth the move over, in my humble opinion. Especially if the service has been good where you are...it is rewarding to have a good relationship with a service provider. All the best with your decision! (-:
     
    #9Jul 16, 2012
  10. footballtim

    footballtimActive Member

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    One thing that you have to remember is that there is more to getting value from an insurance company than just low premiums. No matter who you pick, you need to be sure that they have a great reputation for dealing with claims. The best way to find that out is word of mouth from people you know who use the company you are thinking of switching to. I agree with the other posts. You should probably stay with progressive.
     
    #10Aug 20, 2012
  11. Jessi

    Jessi<a href="http://www.quirkycookery.com">QuirkyCooke

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    Something I didn't think to mention before....

    Tell your current insurance provider that you're considering switching because of the price. Chances are, they can come up with some sort of discount to give you that will keep your business and you'll win in more than one direction.
     
    #11Aug 21, 2012
  12. Blossom

    BlossomActive Member

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    Well, I'm a little biased because I was shopping around for insurance last week and Progressive gave me the best quote. So right now I am absolutely in love with them. My insurance went up significantly with my other insurance company because of some tickets and a couple of accidents. My old insurance company even pulled up an accident from 6 years ago. Progressive only went back 3 years. So, I say stay with Progressive!
     
    #12Aug 21, 2012
  13. leyash

    leyashActive Member

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    No, a $2 decrease is not worth it. I would almost be offended.
     
    #13Aug 22, 2012
  14. dissn_it

    dissn_itActive Member

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    Nope, not worth it. If you have been with Progressive for 10 years and are happy with them, it should take a lot more than $2 a month to even consider switching. Like Jessi posted above, you may be able to work with your current agent and bring the costs down if that is what you are needing to do. Try not mentioning that you are shopping around if possible. Just ask if there are any ways that you could save more with them first. If not, then try mentioning that you already havea quote for less. Try not to tell them how much less though!
     
    #14Aug 23, 2012
  15. Kaybee517

    Kaybee517Active Member

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    Nah. I wouldn't switch over $24 annually. It's not worth it. I'm looking to change auto insurance companies to. I'm shopping quotes but if I get a quote with only minimal difference I may as well stay where I'm at. As long as the service is good, I'd stay.
     
    #15Aug 23, 2012
  16. marvelz

    marvelzActive Member

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    no way, unless the there's better long term benefits than just saving on $2 a month. If it aint broke don't fix it...:)
     
    #16Aug 23, 2012
  17. sergiu23

    sergiu23Active Member

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    Not worth of leaving the company for 2$ a month. But you could ask them if they can't give you a fidelity bonus, after 10 years with them, you might get more than 2$ per month off :)
     
    #17Aug 23, 2012
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