Recently, we responded to a tweet wondering whether a Progressive policy rate would go down if it’s renewed. Like many other budget-conscious shoppers, the person who tweeted had compared rates at renewal time to make sure he was still getting a good deal. So what happens if you find a lower rate elsewhere? Why keep the policy you have?
Here are two things to consider.
If you renew your current policy, you might qualify for benefits and discounts. Progressive customers who renew a policy, for example, might qualify for guaranteed renewal, large accident forgiveness, and a young driver discount. These benefits can vary by state.
Not all policies are created equal, so a lower price might not be a better value. For example, a lower-priced policy might not include extras such as 24-hour customer service. Your deductible also might be higher.
So if your Progressive policy is up for renewal and you want a better rate, here’s a great first step: Review your policy to see if you qualify for discounts or whether you can do something differently—like pay for your policy in full—to cut costs. You can review your policy anytime at progressive.com. Or, you can call a customer service representative.
Do you shop around at renewal time? What makes you stick around?
The information in this blog may vary based on your particular state or situation. Always refer to your insurance policy for your specific coverages.