Live Insurance News

Property insurance shopping drops into negative figures for first time in 18 months

February 23, 2022February 23, 2022 PR Article

Property and Auto Insurance Shopping Slows at End of 2021 Despite optimism at the outset of the quarter, property and auto insurance shopping trended below 2020 levels at the end of 2021. TransUnion’s (NYSE: TRU) latest Personal Lines Insurance Shopping Report found auto insurance shopping was down an average of 12.5%, while property insurance shopping dropped an average of 3.4%, compared to the same time period in 2020. Record-breaking prices for both new and used vehicles deterred many consumers from auto shopping, and in turn, reduced insurance shopping by as…

Auto insurance rates increase as gas prices drop

February 24, 2016February 23, 2016 Julie Campbell

There are many reasons that premiums can fluctuate, but this winter it isn’t the storms as much as the affordability. Most drivers see a drop in the price at the pump as being a fantastic way to save money, and this can even encourage more people to head out onto the roads and city streets because it is seen as more affordable, but most also have not taken their auto insurance rates into account. As much as the gas prices, themselves, don’t cause auto insurance to become more expensive, road…

Will auto insurance rates rise because of cheaper prices at the pump?

September 14, 2015September 13, 2015 G. Turner

Just as the cost of fueling up with gas goes down, the premiums for coverage might go up. As we watch the price of gas falling, it can be easy to think that we’ll be saving a lot of money, that is until the auto insurance premiums start to make their rise and find us spending in a new area. The price of gas is not directly related to the insurance rates that are charged, but it is indirectly connected. Although the price being advertised at gas stations does not…

Drivers may be able to save money on auto insurance coverage

July 24, 2015July 23, 2015 S.Vagus

Drivers could be missing out on opportunities to save money on their coverage Drivers in the United States may be missing out on auto insurance savings, according to a new study from InsuranceQuotes.com. The study shows that the average driver has not changes their auto insurance provider for 12 years, with more than a third of drivers never shopping for new insurance policies that may be less expensive. By seeking out new providers, drivers may be able to find better coverage at lower premiums. Loyalty may not be the best…

The average auto insurance customer hasn’t switched companies since 2003

July 22, 2015July 21, 2015 Julie Campbell

According to recent research, one in every three drivers has not shopped around at all for a policy. A recent study was conducted by insuranceQuotes.com, which has now issued its results in a report that showed that the average American driver hasn’t changed the auto insurance provider covering their vehicle in over a decade. In fact, the average length of time since the last change in insurance companies was 12 years, said the report. Furthermore, about one quarter of all drivers have been sticking with the same auto insurance company…

Loyalty may mean consumers are paying more for auto insurance coverage

July 1, 2015June 30, 2015 Marc

Consumers could find less expensive coverage if they switch carriers Loyalty may be costing drivers in terms of auto insurance premiums. Many consumers opt to stay with their insurance provider because they are provided with certain benefits, such as credit toward insurance payments or discounts on other services. This loyalty may not be as beneficial to consumers as they believe, however, and they could find less expensive auto insurance coverage by switching to another insurer, and this may be a greater benefit than the loyalty rewards they are receiving from…

Fewer people are switching auto insurance carriers

May 8, 2015May 7, 2015 S.Vagus

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More consumers are shopping around for coverage, but not purchasing it More people are shopping around for auto insurance coverage, but fewer are actually changing their carriers, according to the latest J.D. Power 2015 U.S. Insurance Shopping Study. Shopping for insurance coverage has become quite easy, with many consumers choosing to do so from their mobile devices. With shopping becoming easier, consumers are beginning to look for alternatives to their existing auto insurance policies, but they may not be buying new policies even if the policies they find are better…