PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Will my auto insurance company give me a refund since I was able to find a lower rate elsewhere?
My renewal for insurance just came up and the price increased. I got a quote from Safeco and it's significantly less than what I'm paying with Farmers. I called my agent and they said they could rewrite my policy to give me a lower rate. Will we get a refund for overpaying? Shouldn't my agent have been shopping around for me previously?
Emily Maracle · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“Although you are eligible for a lower rate now, you won’t receive a discount for past premiums paid. Insurance carriers look at many different factors when determining a rate. They also adjust rates frequently.
While you were paying more previously, a rate change could have impacted the price for new policies with your carrier.
If you have an agent with a specific insurance company, they don’t shop around for you with other carriers. They will, however, try to retain your business if you inquire about a rate reduction or possible cancellation.
Having a
car insurance broker
may be a better option for you. Since they aren’t tied to one company, they can offer a more personalized experience. They are able to shop around with various companies to find you the best rate with the coverage you require.
“View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies