Why do insurance companies provide you near the rates of their top competitors?

Answers: They do this to weed out the general public they don't want. If you have crappy credit then companies will put their price difficult & show the competitors as lower if that is a risk they don't want. You may want to try a website that compares multiple companies at once to get you the best price. I am paying smaller number than 1/2 after I did.

Go to: http://www.insureme.com/landing.aspx?Ref…

Take care,
Casey
It's a way to present an honest sign of the insurance company - they definitely will lose some sales by doing this strategy, but if their pricing is probably competitive, they will pick up more sales than if they didn't pursue this strategy. Consumers generally never trust any insurers, so any strategy specifically honest about the marketplace does hold a certain appeal to many nation.
It's marketing, but the rates are not always 100% accurate. Just for fun, I put my car into progressive to see what they would supply for competitor's quotes. My company was one on there and it be $400/ 6 mo. higher than I actually clear! I don't think it included any discounts. Anyway, point is don't trust'em, the best way to win a quote is contact an agent and let them create a quote for you. Source(s): Insurance Agent
Most don't - certainly, Progressive is the only one that does. And althouhg I haven't asked for them, I'd guess that it's competitors that have HIGHER rates than Progressive.

If you own a good credit score, Progressive can be EXTREMELY competitive. Source(s): agent, 21+ years
By public relations that they provide rates of competitors, they give the impression of a one-stop solution to your flush, so that entices into their website. However, most people don't realize that each insurance company owns a multitude of companies, respectively with different rating tiers. They may be giving you a rate through a name you make out, but the underwriting company can be inferior. If you contacted that competitor directly, you might qualify for a much better rate.
They want you to think that the rate you are getting is the best one out within, and therefor go with that company.
Easy, the first lier never has a chance.
It's a marketting strategy. They advertise that they will show you the rates of other companies to receive you to their website. Once you are there, they give you a quote for their insurance and sometimes for some of their "top competitors" (not other their top competitors, and sometimes they simply say that they cannot provide your desired information).

It also shows the customer that they care almost what is best for the customer. They hope to gain customers by giving great customer service like this.

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