Market Report: Lack of Transparency in Auto Insurance Market Cost U.S. Consumers $101 Billion
Consumers overpaid for auto insurance coverage by a stunning $101 billion in the last five years. Roughly 90 percent of consumers could have gotten a better deal had they used a policyholder-owned insurer rather than one owned by shareholders. However, due to a lack of car insurance transparency the difficulty of comparing insurers on factors other than price prevents consumers from seeing how much value they get for their dollar.
“I saved $2,781 per year with the Compare Car Insurance report.”
David W., New Hampshire
Click image below for animated cartoon of the problem many experience with insurance. And, what you can do about it.
