Live Insurance News

Consumers are favoring shopping online for auto insurance coverage

November 25, 2015November 24, 2015 S.Vagus

Report highlights the trends directing consumer purchasing behavior More consumers are beginning to shop online for auto insurance coverage, according to a new report from comScore. The report highlights the trends that are beginning to emerge in the overall auto insurance industry, with these trends likely to play a major role in directing the shopping behavior of consumers in the future. The report is comprised of information gathered from more than 3,000 drivers throughout the United States, with this information being gathered between August and September of this year. Majority…

Survey highlights auto insurance myths that consumers believe are true

October 1, 2015September 30, 2015 Nordstrom

Survey shows that many drivers believe in myths about what affects the cost of their insurance coverage InsuranceQuotes.com has released the results of a new survey concerning the auto insurance myths that consumers believe are true. The survey was meant to uncover the factors that drivers believes influence the price of their insurance coverage. Many drivers believe that myths, such as owners of red vehicles are charged more for coverage, are true, which may have an impact on how they shop for coverage as well as the vehicles that they…

Gas prices may affect the cost of auto insurance

September 17, 2015September 16, 2015 Nordstrom

Auto insurance premiums spike as gas prices fall Falling gas prices may be having an impact on the cost of auto insurance coverage in the United States. Earlier this year, analysts suggested that as much as $75 billion will be cut from the cost of gas by the end of this year. Drivers would be saving a total of $1 billion in fueling costs over the Labor Day weekend alone, largely due to the fact that fuel is getting less expensive. The average price of as is currently $1 per…

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…

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…