A 40% increase by Allstate in Georgia, a 32% rise sought by Nationwide Mutual Insurance in California, an 11% bump by State Farm in New York. Insurers are imposing steep increases on auto insurance rates,
Tag: auto premiums
High Auto Insurance Premiums Hurting Product Bundling
The future of the home and auto insurance bundle, once a mainstay of property and casualty (P&C) insurance customer retention and lifetime value strategies, is in doubt as legions of customers begin to split their policies. Rapidly rising auto insurance premiums, according to the J.D. Power 2022 U.S. Home Insurance StudySM, are largely to blame… Continue reading High Auto Insurance Premiums Hurting Product Bundling
Loyalty a Rare Commodity for Auto Insurers After COVID-19 Relief
Under the current coronavirus quarantine, every industry seems to be shaken. It may be surprising to hear, though, that auto insurance policies are being taken out at a rapid rate. A surge in customers looking to ensure their vehicles, according to a study by J.D. Power, tops the list of popular driver activities for drivers… Continue reading Loyalty a Rare Commodity for Auto Insurers After COVID-19 Relief