Auto insurance comparison habits ignored brands during pandemic: study

Auto insurance comparison - Money - Car

A J.D. Power study showed that consumers weren’t interested in specific brands. Though auto insurance comparison shopping was a common activity during the COVID-19 pandemic, consumers were typically uninterested in specific brands, said the results of the J.D. Power 2021 U.S. Insurance Shopping Study. Over half of consumers didn’t do any price comparing at all throughout the majority of the pandemic. The survey revealed that 54 percent of consumers didn’t try auto insurance comparison shopping for the purpose of improving their premiums during the pandemic. Of the 46 percent who…

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Car Insurance Shopping: Five Things You Must Compare

car insurance

What you need to know when shopping for car insurance… Shopping for car insurance can be intimidating simply because there are so many car insurance companies to choose from. To help you determine which car insurance company offers the best premiums to meet your needs, there are five things you must compare between insurance companies including stability, customer service and claim handling, roadside response and repair, policy flexibility and any benefits or discounts offered to consumers as part of an insurance policy. Stability An important deciding factor in the type…

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Some drivers may save on auto coverage with “pay-by-the-mile” insurance

A new form of auto coverage, called “pay-by-the-mile” insurance has now been designed to help people to save money on their premiums and to encourage them to drive less and use public transportation more regularly. The way that the coverage works is that drivers who put fewer miles on their vehicles will pay a lower rate for their insurance every month. It places a direct link between their vehicle’s mileage and their insurance plan. The plan is based on an average annual driving distance of 19,000 miles. Though it does…

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GEICO announces cheaper commercial auto insurance rates for businesses in Texas

Business owners in Texas may now have a commercial auto insurance policy available to them at a lower rate, as GEICO announced that they have made this new coverage available in the state. According to the director of commercial lines at GEICO, Kushwant Singh, his company is happy to be able to provide this new coverage to Texas businesses. He added that his company is recognized for providing cheap auto insurance coverage, but that “more and more business owners in Texas are discovering how much they can save with us…

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Ranking the states by the cost of auto insurance coverage

According to the Insure.com study results, which have only just been released, Louisiana is the state in which it is most expensive to insure a vehicle in the entire country, whereas Maine enjoys the lowest insurance rates in the U.S. The average annual cost of insuring a car in Louisiana is $2,536, whereas in Maine the average cost is only $889. The issues that have been driving the rates higher in many states includes the insurance laws within those states, larger numbers of drivers without insurance, the number of different…

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