Hack 35 · Automated Wealth Builder
Yearly Insurance Re-Shop
Re-shopping insurance means getting fresh quotes on every policy once a year and taking the best one back to your current provider. Insurers price for inertia and rarely reward loyalty, so the renewal quote is seldom their best offer. Annual shoppers commonly save several hundred dollars a year across their policies.
How to do it
- Once a year, get fresh quotes on each policy you hold.
- Take the best competing quote to your current provider and ask them to match.
- Switch if they will not, checking coverage matches before you do.
What it typically saves
Typically $200 to $600 or more a year across your policies.
Questions people ask
Will shopping around hurt my rate?
Getting quotes does not. What matters is whether you switch, and even then insurers compete for new customers rather than penalizing them.
Is the cheapest quote always right?
No. Compare coverage limits and deductibles too, because a cheaper policy that covers less is not a saving, it is a deferred cost.
How long does it take?
Less time than most people expect once a year, and it is one of the highest hourly returns on this list.
Go deeper
This is the short version. The full walkthrough lives in Money on Autopilot, book 2 of The Everyday Money Upgrade — where this hack comes with the policy-by-policy comparison checklist, the retention call that gets your current insurer to match, and the coverage traps in cheap quotes.
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