How is this Possible for Insurance!

[LuckyX]

Just a little additional tip: if you have insurance (applies to car and homeowner's) for a couple of years, you are likely to see your rates go up (independent of accidents, tickets, etc.) This is because insurance companies understand the concept of "momentum," in that people tend to stick with a given company for a while when they have chosen it. What this means is that every 2 - 3 years (even if you are happy with your insurance company), it pays to shop your policies again, because of this - and also, other things being equal, your rates should actually go down over time (not up) due to the depreciation of your vehicles (which almost always exceeds the rate of inflation).

This is true! It's the time and effort it takes to switch that many people stick with their carriers for a long time.