No man, most of the time your payment history and claim history has nothing to do with how "risky" you are. Insurance companies have models (always very shitty models) that "predict" where future claims will occur. They use these models to determine where to increase premiums, who to cancel, and, on the flip side, where to decrease premiums and begin writing new business. You may very well fall into a "risky" zip code, subdivision, neighborhood, etc.. Sometimes these models even use claims data on your neighbors to determine YOUR rate. It's shitty, I know. I'm not arguing with you on that. It's one of the reasons I got out of the business. But it's just the way it is a lot of the time.
You could very well be a great policyholder who always pays on time and has never filed a claim but be one of the ones that they decide to cancel, increase premium for, or sell to another company. It happens much
more often with small companies than with large companies.
This post was edited on 2/27 at 10:48 am