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When I worked at Google I knew a developer who was building a prototype service similar to Google …

… When I worked at Google I knew a developer who was building a prototype service similar to Google Flights, except for auto and home insurance. I don't think that product ever shipped. The dev on that team told me that a key thing they learned while doing the analysis is that the optimal strategy with auto and home insurance is to automatically switch providers whenever it's time to renew. It could be because your current company has collected things about you that they aren't allowed to share with other insurance companies.

Original discussionHome insurers are dropping customers based on aerial images680 source comments · at import
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T0

I think the most common reason is that insurance companies try to attract new customers with lower rates / discounts and welcome gifts. Switching every year means a new insurance company spends their acquisition money on you every year.

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SY

https://www.comparethemarket.com/ is the best known comparison site for insurance in the UK. Is there not an equivalent in the USA?

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EZ

It's not to always switch, but to re-quote all competitors. Most insurance competition plays out on two factors: - What companies the customer quotes - What amounts they are offered You should always quote competitors because stuff changes and there are sign-on discounts offered as well.

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