Not a Good Deal

 
 
It seems common knowledge that most people are not happy with the amount of money that they pay their auto insurance company. Most consumers feel that the auto insurance companies charge them much more than they need to charge them because they are a business of making themselves a profit. Those same people say that when it is time to pay out quite often the auto insurance companies find any and all reasons not to.
 
A recent report shows that 79% of those that responded to a survey asking them their opinion about their auto insurance company said that they felt they were paying too much for their coverage. Of those that responded, 54% said that they have tried to lower their auto insurance costs because it has been difficult for them to pay. More than 83% that they are going to try and reduce the amount of their pain for their auto insurance over the next six months.
 
They say that the number of people driving without auto insurance at all has drastically risen over the past two years as consumers decide what they can pay and what they can't. In lieu of paying their auto insurance, they are paying things like electric and food instead.
 
The Insurance Information Institute says that consumers should speak to their auto insurance company about possible discounts in coverage that they might be able to get instead of simply dropping their policies. They say that if they are in an accident it will end up being much more expensive for them if they don't have auto insurance then if they have been paying it all along. They say that by getting various policies through the same company was offering her auto insurance you may be about to get a discount there as well.

Back to October 2009 Archives