Research shows that millennials are facing higher insurance premiums Health insurance coverage has become more accessible in the United States due to the Affordable Care Act, but the federal reform law has also lead to a significant increase in insurance premiums. Research from the Heritage Foundation has found that insurance premiums have increased, especially for millennials that have received coverage through exchanges. These exchanges have succeeded in offering coverage to consumers, but premiums continue to rise and place some people under greater financial strain. Premiums for young consumers are on…
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Homeowners insurance is falling short of impressing Millennials
Renters coverage has also not managed to satisfy the expectations of this important demographic. The Millennial generation, which currently makes up the largest demographic in terms of homebuyers and renters throughout the United States, have a greater likelihood of being critical of the experiences that they’ve had with regards to their renters and homeowners insurance. The 2014 U.S. Household Insurance StudySM from J.D. Power identified a number of generational trends. The renters and study looked into the overall satisfaction levels of consumers with regards to three separate personal coverage product…
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