Are Home and Auto insurance companies likely to lowball you with teaser rates the first year in order to get your business only to jack up rates the next few years hoping you won’t go through the trouble of switching companies again?

It depends, many times when a new insurance company enters the auto or home insurance market yes they tend to offer a lower rate to build marketshare and presence. Or an existing company will look at their portfolio and decide the time is right to lower their rates to gain marketsshare. And yes the thought is customers tend to dislike switching insurance companies,.so the can slowly increase rates year after year.