Savings on car insurance may be old news to some, but if you have been paying larger sums for car insurance year after year, you should know there is a way to make savings even in this field. We all tend to be victims of our habits and not checking for car insurance rates could be one of those “bad” habits.
According to NerdWall website, on average, US drivers spend over 300 dollars more than they should each time they buy car insurance. It also shows that drivers could save even more than 30% only if they only took some time to consider alternatives – checking prices with different car insurance companies. If you have seen this pattern of increase in insurance price year after year, maybe it’s time to start comparison shopping, staying a loyal customer seems to have this unpleasant effect way too often.
NerdWall also states that insurance rates can vary up to more than 150% so just checking for rates before you pay for your car insurance next time is definitely worth your time. The problem with checking rates of car insurance on your own is that even it’s being advertised as process that takes less than 15 minutes to complete in reality this is not the case. If you want to check rates with more than a few companies spending only 15 minutes on each brings you to a process that needs more than a few hours to complete. There are also some companies that will offer this service online but you need to leave your name, address and date of birth before you can access information – why is this important when checking a price of car insurance?
Conclusion that pops up is simple – insurance agencies don’t really make the process of cross shopping easy for anyone. Although they offer an option of comparing insurance rates on your own they also know that keeping this process time consuming is more likely to turn you into loyal customers. This may do to the fact which is also well known – customers that stay loyal for four years are more likely to remain loyal in the long run. Those who do change their car insurance after two years are more likely to do it again and the groups of people who do cross shopping each year probably will never become loyal customers. Unfortunately, the last mentioned group is also the smallest but it also makes huge savings on car insurance as well as on other spending.
In conclusion, don’t be lazy next time you need to pay for car insurance, do some price checks in advance and search for rates with different companies, you may be surprised with how much you can save by cross shopping.
