Live Insurance News

Record-Breaking Auto Insurance Shopping Trends: The Game-Changer Insurance Agents Can’t Ignore

August 1, 2024 Angela Linders

The national auto insurance shopping and quoting rate reached a record high between April and June of 2024, signaling significant shifts in consumer behavior. According to a new J.D. Power report, this increased activity could have varying implications for insurance agents across the country. Record-Breaking Trends The report highlighted that May 2024 matched the ongoing study’s all-time high monthly shopping rate, with 13.5% of U.S. drivers seeking new quotes. Additionally, 4.2% of drivers switched insurers, setting a new monthly high. This intensified shopping and switching activity reflects consumers’ responsiveness to…

Auto insurance shopping increases as high rates send consumers elsewhere

June 14, 2024June 13, 2024 Logan B.

Drivers are looking for new ways to make their coverage affordable, including leaving current insurers According to a new report from JD Power and TransUnion, for the first quarter of 2024, drivers were increasingly shopping for new auto insurance policies in the hopes of saving money on their monthly premiums. These drivers felt there were no more ways to save on existing policies Consumers started comparison shopping for new auto insurance policies because they didn’t see any new ways to be able to apply discounts to their existing coverage, said…

Home insurance rates are consuming more of Americans’ incomes

October 16, 2023October 13, 2023 Marc

Auto premiums are also eating into a larger portion of the typical US budget as well. Millions of Americans have been shopping around for better auto and home insurance rates as these monthly expenses continue to consume a larger portion of their budgets in an increasingly expensive world. The challenge is to find the coverage they need without having to sacrifice protection from their policies. Though inflation appears to be slowing down in a number of important categories, providing welcome ease to the rising strain on families doing everything they…

Auto insurance for Range Rovers is nearly impossible to find

November 4, 2014November 1, 2014 G. Turner

In London, drivers of these vehicles must provide proof of secure parking due to a rash of thefts. Owners of Range Rovers in London, England are suddenly finding themselves with a struggle that is greater than trying to pinch their large vehicles along narrow city streets, as auto insurance companies are now refusing to provide coverage for these high end vehicles unless proof can be shown that they will be parked in secure locations. The city has seen a massive number of thefts of these vehicles over the last short…

Auto insurance available through Walmart in Ohio

September 19, 2014September 19, 2014 G. Turner

The massive retailer has now expanded its online car coverage into the state for the first time. As of this week, the largest retailer in the world has expanded its service for selling auto insurance online into the Ohio, to bring its total number of states where it offers the coverage to eleven. Walmart first launched the service for the first time back in May, and it has been expanding it steadily. The auto insurance program is being run through AutoInsurance.com and it gives consumers the opportunity to conduct a…