More Americans Plan to Shop Around for Car Insurance as Costs Rise
U.S. auto insurance owners say they feel the pinch of rising prices, and a higher percentage plan to switch insurance providers. While just 6% say they switched in the last 12 months to save money, double that proportion (12%) say they plan to switch in the next 12 months, according to a new survey from NerdWallet.
Around half of auto insurance owners (57%) say their insurance rates rose in the last 12 months. Over the same time frame, 12% of insurance owners (defined as those who own insurance apart from health insurance) say they put off a major purchase