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While not rich and not a tesla driver. I'd speculate richer folks tend to not micromanage prices changes(raises) in insurance premiums. Someone who is less ric
by Namrog84 9y ago
While not rich and not a tesla driver. I'd speculate richer folks tend to not micromanage prices changes(raises) in insurance premiums. Someone who is less rich might reconsider insurance purely on a financial decision. And someone a little more wealthy will never look twice at it.
Most people don't get in accidents and most people need auto insurance for many decades. So those lazy rich people will likely not change.
This is also assuming most people don't make many claims in insurance. (as is the base concept of how insurance works?)
- fgonzag 9y agoYeah, I don't usually cross shop renewals. I just renew whatever I have, unless the premium increase is considerable (+15-20%). I might be leaving a lot of money on the table, and I'm not even that wealthy, but it's just not worth it to me.
- ghaff 9y agoAnd I'd add that the few times I've made relatively minor claims on both my home and auto insurance (handled by the same company), it's been pretty much completely painless. It's just not worth it for me to go to a bargain basement insurer to save maybe a few hundred bucks a year.