A recent Forbes Advisor survey showed that most drivers feel they are overpaying for their coverage. Nearly 60 percent of American drivers believe that they are overpaying for their auto insurance coverage, according to a survey conducted by a team at Forbes Advisor. The research also examined drivers’ perception of different factors used to calculate premiums. The survey examined the various pricing factors for auto insurance and American drivers’ opinions on the use of those factors to calculate their premiums. The research involved the participation of 2,000 drivers across the…
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Ways to Reduce Your Car Insurance
When it comes to owning a car, one of the biggest expenses that people inevitably find themselves dealing with is insurance. However, rather than simply paying the first price that you see, it is a much better idea if you look into ways of reducing the overall car insurance. Here we have compiled a few of the top ways of doing just this. Shop Around for Different Quotes The internet has provided an invaluable tool for shopping around for different car insurance quotes, so it certainly makes sense that you…
Read MoreAmerican auto insurance marketplace competitiveness underlined by I.I.I. using research findings
Quotes vary enormously showing significant difference in risk assessment by insurers. The Insurance Information Institute (I.I.I.) has used the findings of a recent survey to determine that American drivers in low and moderate income ranges can greatly benefit from the high level of competition in the auto insurance marketplace. At the same time, the Consumer Federation of America (CFA) is seeking to find out why quotes vary so much. According to the I.I.I. president, Dr. Robert Hartwig, who is also an economist, the answer to that question isn’t complicated. “The…
Read MoreAuto insurance companies offer some motorists variable and high rates for low coverage
Good drivers from areas of moderate incomes are seeing increased costs. According to data from the Consumer Federation of America (CFA), which just released a report on its research, the majority of good drivers – that is, those who have no moving violations or accidents on their records – who reside in the moderate income areas of 15 cities included in the study, are receiving quotes for high rates by the leading insurers for auto insurance for the lowest legal liability levels for their states. Among the rate quotes, 56…
Read MoreProgressive Insurance adds to mobile commerce offerings with recreational and sports vehicle coverage quotes
Progressive Insurance has announced that it has expanded its mobile commerce offerings to consumers by adding the ability to use a smartphone or tablet in order to receive quotes for the coverage of motorcycles, RV’s boats, and other recreational and powersports vehicles. Progressive Insurance is already the leading motorcycle insurance company in the United States, and is also the top boat and RV insurer. Clearly, it saw the benefit in expanding its current mobile quote optimization to include this group of vehicles as well as more traditional cars, SUVs, pickups,…
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