LendingTree: More than half of policyholders are not shopping for better rates at time of renewal

LendingTree: More than half of policyholders are not shopping for better rates at time of renewal

A new LendingTree survey shows that, of those who renewed their policies, 54% didn’t seek additional quotes at renewal, and 81% of those who considered switching by getting at least one quote ultimately decided to stick with their current carrier. Seventy-nine percent of those who switched said their main reason was to save money, and 92% said they did save. Sixty-three percent saved at least $100 annually. Twenty-two percent of those who switch…