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Survey: Big Jump In Consumers Switching Car Insurers

Consumer Affairs -- Fewer consumers are shopping for auto insurance, but of those who do, 43 percent switched from one insurance company to another in the last 12 months, according to J.D. Power and Associates.

It's the largest number of consumers ditching one company for another since the survey began in 2008.

"Although fewer consumers are shopping for insurance, more current customers who do are willing to make a switch based on competitive quotes," said Jeremy Bowler, senior director of the global insurance practice at J.D. Power and Associates.

Bowler also notes that more consumers are switching insurance companies, even though savings achieved through switching had declined. Bowler says consumers saved on average $412 per year by switching in 2010 but only $359 in the last 12 months.

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Submitted May 01, 2012 By: Cakes77

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REPLIES (newest first)Ignore Short Messages

Cakes77 Champion Author Harrisburg Posts:5,140 Points:1,648,745 Joined:Aug 2006	Message Posted: May 2, 2012 9:01:50 AM Ignore Cakes77 Report Abuse Thanks for your nice comments folks on this article. Keep them coming!
gandalfthegrey1 Champion Author Houston Posts:1,184 Points:384,685 Joined:Feb 2011	Message Posted: May 2, 2012 5:57:16 AM Ignore gandalfthegrey1 Report Abuse It's the lousy economy. People save whenever/wherever they can.
alterman156 Champion Author New York Posts:7,470 Points:1,553,750 Joined:Dec 2008	Message Posted: May 2, 2012 12:58:53 AM Ignore alterman156 Report Abuse There are people out there that realize that they are paying too much and they switch insurance companies. [Edited by: alterman156 at 5/2/2012 12:59:32 AM EST]
el_fr Champion Author Massachusetts Posts:3,322 Points:741,775 Joined:Apr 2011	Message Posted: May 2, 2012 12:31:35 AM Ignore el_fr Report Abuse It's all because of the car nsurance commercials! LOL
lesndave Champion Author Texas Posts:3,022 Points:697,380 Joined:May 2011	Message Posted: May 1, 2012 10:50:20 PM Ignore lesndave Report Abuse Hmmmmm.... I know that we are all money conscience, but how does this relate to gas prices???
DerHahn Champion Author Illinois Posts:13,688 Points:2,110,135 Joined:May 2004	Message Posted: May 1, 2012 10:15:19 PM Ignore DerHahn Report Abuse the price may be one thing, but be sure to check the service. cheaper rates don't do anything if you can't get the service.
esq262 Champion Author Asheville Posts:2,882 Points:644,490 Joined:Jul 2011	Message Posted: May 1, 2012 10:01:16 PM Ignore esq262 Report Abuse I switched
Mark8601 All-Star Author Bakersfield Posts:913 Points:378,765 Joined:Dec 2011	Message Posted: May 1, 2012 8:19:01 PM Ignore Mark8601 Report Abuse I got too many perks to switch.
listerone Champion Author Boston Posts:3,365 Points:874,990 Joined:Aug 2008	Message Posted: May 1, 2012 7:46:51 PM Ignore listerone Report Abuse Every time I switch I save $400 a year.I save so much that my current insurer pays me $900/yr.
deputydog082 Champion Author Detroit Posts:1,766 Points:656,360 Joined:Apr 2011	Message Posted: May 1, 2012 6:10:12 PM Ignore deputydog082 Report Abuse I saved $600/yr and got better coverage when I switched last year
lou30 Sophomore Author Miami Posts:185 Points:317,550 Joined:Mar 2011	Message Posted: May 1, 2012 5:12:49 PM Ignore lou30 Report Abuse I'm one of those that jumped. Just wasn't happy with Geico insurance, that when needed wasn't there and had a rep lie to me. Only after going through human resources and reporting that person did they help me.
Metrolizer Champion Author Fort Worth Posts:2,015 Points:2,205,005 Joined:Feb 2005	Message Posted: May 1, 2012 4:58:51 PM Ignore Metrolizer Report Abuse As other gasbuddies have pointed out, http://www.consumeraffairs.com/news04/2011/11/feds-propose-tough-new-fuel-standards-automakers-gasp.html is a different article, an article from 11/16/2011.
molebaby96 Champion Author Tallahassee Posts:2,120 Points:502,820 Joined:Nov 2011	Message Posted: May 1, 2012 4:30:28 PM Ignore molebaby96 Report Abuse Every penny counts in today's economy.
peakkeller Champion Author Colorado Springs Posts:1,674 Points:774,325 Joined:Dec 2009	Message Posted: May 1, 2012 4:16:46 PM Ignore peakkeller Report Abuse OK
ObieDog Champion Author Maryland Posts:1,956 Points:848,345 Joined:Sep 2010	Message Posted: May 1, 2012 3:54:41 PM Ignore ObieDog Report Abuse The grass is always greener.
tnfran Champion Author Arizona Posts:4,363 Points:839,165 Joined:Dec 2010	Message Posted: May 1, 2012 3:19:55 PM Ignore tnfran Report Abuse It sure helps, and at about $4 a gal. that equals about 100 gal.
humblepie Champion Author Toledo Posts:34,082 Points:2,368,445 Joined:Mar 2006	Message Posted: May 1, 2012 3:15:08 PM Ignore humblepie Report Abuse in this economy, every dollars helps
sdslim Champion Author Florida Posts:1,875 Points:1,707,085 Joined:Feb 2007	Message Posted: May 1, 2012 3:14:57 PM Ignore sdslim Report Abuse Time to check into this.
MusicalMan7 All-Star Author Ohio Posts:597 Points:93,330 Joined:Apr 2012	Message Posted: May 1, 2012 3:04:21 PM Ignore MusicalMan7 Report Abuse I drive older cars, and most of those that advertise constantly on TV as cheaper won't take anyone with a car over 10 years old or so.
schatzila Champion Author Los Angeles Posts:4,929 Points:1,012,620 Joined:Jun 2010	Message Posted: May 1, 2012 2:54:31 PM Ignore schatzila Report Abuse Ask you friends what they pay to find out the best deal. Link is for different article
AlfaAirbeds Rookie Author Trenton Posts:35 Points:128,055 Joined:Apr 2012	Message Posted: May 1, 2012 2:44:19 PM Ignore AlfaAirbeds Report Abuse The link to read the Full Article is wrong.
gizbo123 Champion Author Los Angeles Posts:1,501 Points:1,748,125 Joined:Dec 2005	Message Posted: May 1, 2012 2:44:10 PM Ignore gizbo123 Report Abuse I switched years ago and saved hundreds so yes guys n ladies ck it out.
qwerty17 Champion Author New Jersey Posts:3,635 Points:1,114,350 Joined:Oct 2009	Message Posted: May 1, 2012 2:34:30 PM Ignore qwerty17 Report Abuse ins co's - get busy & price right...or lose.
rver524 Veteran Author Colorado Posts:298 Points:14,320 Joined:Apr 2012	Message Posted: May 1, 2012 2:07:37 PM Ignore rver524 Report Abuse It doesn't take much time to get another quote. Any savings is better in your pocket then theirs.
johnd900 Veteran Author Massachusetts Posts:475 Points:192,305 Joined:Jan 2012	Message Posted: May 1, 2012 2:06:09 PM Ignore johnd900 Report Abuse hmmm, maybe I should do some comparative shopping...