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You may have heard of “insurance bundling,” where auto and homeowner’s insurance policies (or another type of insurance) are written by the same company to save money on insurance premium. See: Progressive bundling. Well, while it might save some people a few bucks, it doesn’t seem to be creating too many happy customers, according to [...]
You’ve probably heard recently that credit scoring comes into play when setting your car insurance premium. Well, it doesn’t just come into play – it’s actually a major driver of car insurance rates, according to a new study from CarInsurance.com. The company noted that drivers with credit scores above 750 save an average of $783 [...]
A new survey from J.D. Power revealed that more than half (54%) of new buyers of auto insurance initiated their policy purchase by applying for an insurance rate quote online. So clearly the trend is to research and compare rates online before speaking with a customer service representative or an insurance agent. Additionally, more consumers [...]
Despite the fact that other channels are growing, two-thirds of Americans still plan to buy or renew their insurance through an agent during the next 12 months, according to a new survey from Accenture. Even younger consumers predominantly favor working with insurance agents, with a 59 percent share preferring to do so. However, nearly a [...]
Shopping for and purchasing auto insurance online is growing in popularity, according to the comScore 2011 Online Auto Insurance Report released last week. In 2009, online insurance quote submission and purchasing saw a dramatic increase of 21 and 22 percent, respectively, from 2008. The numbers held pretty steady in 2010, with quotes submitted down three [...]