Quote:
Originally Posted by LeftWing
Was with TD on the Alumni deal since ~2005, but after they wanted to raise my house insurance by $2,000 this year (after raising it the last 5 years straight - w/ zero claims) while simultaneously doubling my deductibles, I started asking around about alternatives.
Everyone on my neighbourhood community group was saying that Allstate was the best move so I priced them out. We have 3 drivers (incl. my teenaged son) on two vehicles, a residence, and a rental property (half a duplex). Allstate ended up saving us just shy of $6,000 year over year, for the same or better coverage/deductible (waaaay better on water coverage), except for being $200 deductible higher on auto theft/fire.
So after 20 years we made the switch. I called TD to cancel and told them why we were switching, but the guy barely cared - just told us he was sending a cheque in the mail for the early exit on auto and that I should have a nice day. I don't get TD's model at all right now ("We don't want you, f- off and go somewhere else! Why do people stay here?").
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They want less exposure to the Alberta market. Jack rates and hope people leave or stay and pay inflated rates.
In a couple years they hope to build up their cash enough to be competitive, but if not I don’t think they will lose sleep.