Think shopping for insurance every year is the best way to save money? You might want to think again. While it can be tempting to chase a slightly lower premium, constantly switching insurance carriers could actually cost you more in the long run—and leave you exposed to risks you didn’t anticipate.
Here’s why remarketing your insurance every renewal might not be the smartest move:
1. You Could Lose Loyalty Benefits & Discounts
Insurance companies often reward long-term policyholders with perks like:
- Renewal discounts
- Accident forgiveness
- Claim-free incentives
When you switch carriers frequently, you may be leaving these savings on the table. Over time, those benefits can add up—so don’t trade long-term value for short-term savings.
2. Frequent Changes Can Raise Red Flags
Insurers track how often you change providers. If you’re shopping your policy every year, it can signal instability and make you look like a higher-risk customer. That can result in:
- Higher premiums
- Limited options from top carriers
- Underwriting scrutiny
What feels like savvy shopping could actually work against you down the road.
3. Coverage & Policy Terms Aren’t Always Apples-to-Apples
Sure, the premium might be lower—but at what cost?
That new policy could come with:
- Higher deductibles
- Reduced liability limits
- Hidden exclusions or gaps in coverage
A quick quote might look good on paper, but it doesn’t always reflect the full picture. Without a careful comparison, you could save a little now and pay a lot more later—especially if a claim arises.
4. You Could Lose Valuable Policy Features
Some policies come with unique perks—like waived deductibles for certain claims, diminishing deductibles, or claim-free credits. These benefits often build over time and may not transfer to a new carrier.
If you switch, you could lose out—and you might not even realize it until you file a claim.
5. A Strong Agent Relationship Means Stronger Advocacy
Insurance isn’t just about policies—it’s about people. When you stick with a provider and build a relationship with your Trusted Insurance Advisor, they get to know your specific needs, lifestyle, and risk exposures.
That means:
- More personalized coverage
- Proactive policy reviews
- Better claims support when it really counts
Jumping around from one insurer to another can dilute that level of service and care.
When Does It Make Sense to Shop Around?
There are times when remarketing is appropriate—like when:
- Your rates increase dramatically
- Your coverage needs change
- You’re dissatisfied with service
But before you make a move, it’s worth talking to someone who can help you weigh the risks vs. rewards.
Let’s Make the Smart Move—Together
At Vermost Insurance, we don’t just chase the cheapest price. We help you make smart, long-term decisions that protect what matters most. Our team will:
✅ Review your current policy
✅ Compare realistic, apples-to-apples options
✅ Make sure you’re covered the right way—before a loss happens
📞 Call us today at 727-748-2886 for a personalized policy review.
Let’s make sure your protection is built to last.