Just on a general insurance thing:
One of my tenants is an insurance agent so I asked him ' How do all these companies show that someone saved $400 or $500 / yr. by switching to them? And is that legit?'
Three reasons:
1) a ticket or accident has 'fallen off' since you got coverage with your original company. The original company most likely won't tell you this and keep you at the higher rate.
2) you're older. If you got your original policy at 18 and are now looking at a new one at 25, those savings are entirely possible.
3) they're changing up your coverage. Certain deductible / coverage combinations have a lower rate associated with them. It may look very similar or at least close, but the insurance companies have it all figured out on how likely you are to file a claim or what their possible liability could be and can steer you into those categories.
He said most of the time it's due to lower liability. They say, 'Hey, you really don't need $300,000 per occurrence, let's drop that to $100,000.' And POOF! your rate drops significantly. But so does your coverage.
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