Survey Finds Nearly 100% Save by Shopping Around for Auto Insurance
LendingTree survey shows almost all car owners can lower auto insurance premiums by comparing rates, highlighting rising premium dissatisfaction and the value of shopping around.
LendingTree survey shows almost all car owners can lower auto insurance premiums by comparing rates, highlighting rising premium dissatisfaction and the value of shopping around.
CFP Board survey reveals risks of financial misinformation online causing costly mistakes, especially among younger Americans, highlighting the role of financial professionals in guiding consumers.
U.S. auto insurance shopping increased in Q2 2025, driven by direct channels and rate reductions. Insights on consumer behavior, regional trends, and market dynamics inform insurer strategies.
TransUnion's Q2 2025 report shows an 18% rise in auto insurance shopping and 9% increase in home insurance, emphasizing data-driven marketing and customer retention strategies for insurers.
Q2 auto insurance shopping declines slightly as consumer switching rises, driven by risk-based pricing and bundled policyholders. Northeast shows highest shopping activity.
Insurers targeting Gen Z and millennials face challenges including low trust and product complexity. Simplifying purchases and enhancing financial education are key to engagement.
Amazon and Walmart are investing heavily in AI to revolutionize retail operations, consumer engagement, and market expansion, blending technology with new financial services and personalized shopping.
Insights from LIMRA's Life and Retirement Conference reveal consumer education gaps, improved group mortality rates, and challenges in annuity distribution within the U.S. life insurance industry.
U.S. auto insurance shopping grew 16% in Q1 2025, driven by tax refunds, tariffs, and older consumer activity, while retention rates declined to 78%.
U.S. auto insurance shopping increased 16% in Q1 2025 as tax refunds and tariffs drive new vehicle purchases. Policy retention declines, prompting insurers to adjust strategies.