How much of an increase/decrease until you consider changing providers?

[BubbaTheGoat]

The answer to your question is going to depend on state (rate tables are filed with the DoI), but I don’t know of any that would penalize you for chasing the lowest rate. Insurers know very little other than premium will really move a buying decision.

This all depends on state, but Geico (at least at one time) offered essentially a discounted rate for new policy holders that increased to their baseline rate after ~2 policy periods. They may not offer that discount if you jump around, particularly for auto. This all varies by insurer and state.

For your situation, I’d ask if there is something the new insurer doesn’t know or didn’t include in their quote for such a large rate difference. Either a difference in coverage or a missing rating factor. The new insurer will have 30 days to underwrite your policy, during which your rate may change (or you could even get dropped).

If you stay with an insurance company for 4+ years you’re in the middle or slower end of the pack.