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Growing Fraction of Shoppers Are Switching Auto Insurance Providers

J.D. Power & Associates -- The auto insurance shopping rate has reached the lowest point in the past five years, with only 25 percent of insurance customers indicating they shopped for a new insurer in the past 12 months, down eight percentage points from 2011, according to the J.D. Power and Associates 2012 U.S. Insurance Shopping Study(SM) released today.

"The increase in the proportion of shoppers actually switching suggests that fewer price-checkers .... lower typical savings derived from switching suggests that fewer price-checkers are gathering quotes they are less likely to act upon, perhaps a direct result of the lower typical savings derived from switching, which has decreased from an average of $412 in 2010 to only $359 the past 12 months."

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Submitted May 01, 2012 By: Metrolizer

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carranco Champion Author Georgia Posts:1,027 Points:269,765 Joined:Dec 2008	Message Posted: May 2, 2012 8:05:04 PM Ignore carranco Report Abuse I would not touch Geico since Warren Buffet owns it and he doesn't pay his taxes. Even his secretary pays more than he does.
Martinman Champion Author Mississippi Posts:14,749 Points:2,095,780 Joined:Sep 2005	Message Posted: May 2, 2012 6:44:44 PM Ignore Martinman Report Abuse USAA - the best, if it's avauilable to you...
BJWI Champion Author Milwaukee Posts:6,426 Points:739,250 Joined:May 2011	Message Posted: May 1, 2012 10:44:39 PM Ignore BJWI Report Abuse Geico has been the cheapest for me. Although I checked out Progressive, I decided to not go with them since the provided me the highest quotes of their competitors. I figured since they were not honest with me giving me quotes, I would not no with them.
Rich1430 All-Star Author Indiana Posts:761 Points:260,340 Joined:Mar 2012	Message Posted: May 1, 2012 10:09:07 PM Ignore Rich1430 Report Abuse Not only the name but the word Progressive is enough to keep me away from them. A Soros owned business is another reason to stay away from them.
leraar2 Champion Author Massachusetts Posts:3,779 Points:790,605 Joined:Mar 2011	Message Posted: May 1, 2012 9:59:32 PM Ignore leraar2 Report Abuse rather switch than pay.
djgunrunner Champion Author Salt Lake City Posts:10,114 Points:2,351,530 Joined:Apr 2005	Message Posted: May 1, 2012 9:20:57 PM Ignore djgunrunner Report Abuse If you have Progressive and find out George Soros own it, it would be time for a change.
JohnofGB Champion Author Flint Posts:5,436 Points:1,099,120 Joined:Feb 2010	Message Posted: May 1, 2012 9:17:46 PM Ignore JohnofGB Report Abuse I have let others quote but no one has even come close. Homeowners is even worse to get competitive quotes. Lots of calls after weeding out the outrageous ones.
northeast2 Champion Author New York Posts:3,849 Points:1,007,200 Joined:Mar 2008	Message Posted: May 1, 2012 8:51:36 PM Ignore northeast2 Report Abuse I'm about to do it after having done it three years ago. I've been your customer for three years, no tickets, no accidents, no claims - and you don't lower the rate? Bye-bye.
Vette1967 Champion Author Albany Posts:5,982 Points:1,278,925 Joined:Jun 2009	Message Posted: May 1, 2012 8:47:44 PM Ignore Vette1967 Report Abuse I switched and got better coverage for less.
Amplion Champion Author Oregon Posts:6,783 Points:1,867,985 Joined:Sep 2005	Message Posted: May 1, 2012 8:46:07 PM Ignore Amplion Report Abuse Some folks who were with State Farm for a long time have discovered that a $200 discount on the auto insurance doe not make up for the extra $400 or more paid for the HOMEOWNERS insurance !!!!!
doeslayersr Champion Author Illinois Posts:9,133 Points:874,930 Joined:Dec 2010	Message Posted: May 1, 2012 8:36:25 PM Ignore doeslayersr Report Abuse A growing "fraction"???? When I went to school I believe the word was "faction".
ExplorerWA Champion Author Washington Posts:4,093 Points:800,075 Joined:Feb 2011	Message Posted: May 1, 2012 8:12:24 PM Ignore ExplorerWA Report Abuse I think most people stay with an agent they know and don't switch. It pays to shop insurance.
drpepperTX Champion Author Texas Posts:8,964 Points:755,135 Joined:Apr 2011	Message Posted: May 1, 2012 7:50:25 PM Ignore drpepperTX Report Abuse Could be that the 'new' declining deductible trend keeps people from shopping. I compare every two years, when I find a better apples to apples comparison I take it to my current carrier, they have matched every time I found a little lower quote. The key is comparing the EXACT same coverage.
LEGION57 Champion Author South Carolina Posts:1,676 Points:283,110 Joined:Mar 2011	Message Posted: May 1, 2012 7:32:52 PM Ignore LEGION57 Report Abuse I switched - saved bucks- check it out every 6 months
danindenver Champion Author Denver Posts:5,500 Points:1,241,180 Joined:May 2005	Message Posted: May 1, 2012 7:29:28 PM Ignore danindenver Report Abuse Been with State Farm for over 25 years. Nobody can touch their prices.
esq262 Champion Author Asheville Posts:2,917 Points:650,815 Joined:Jul 2011	Message Posted: May 1, 2012 6:58:22 PM Ignore esq262 Report Abuse I have switched.
TRYWI All-Star Author Appleton Posts:898 Points:282,150 Joined:Jan 2012	Message Posted: May 1, 2012 6:22:53 PM Ignore TRYWI Report Abuse A very large percentage of US consumers are NOT interested in SAVING MONEY. I changed and saved $$$$$$$
APlus Champion Author San Antonio Posts:3,928 Points:994,145 Joined:Apr 2007	Message Posted: May 1, 2012 6:01:50 PM Ignore APlus Report Abuse I changed insurance
RRBC Champion Author Victoria Posts:2,725 Points:532,965 Joined:Oct 2011	Message Posted: May 1, 2012 5:33:03 PM Ignore RRBC Report Abuse I would switch
jjjleblanc Champion Author Rochester Posts:5,888 Points:1,522,075 Joined:Jun 2008	Message Posted: May 1, 2012 5:31:53 PM Ignore jjjleblanc Report Abuse Haven't shopped in a while.
Pozole Champion Author Portland Posts:9,614 Points:1,597,445 Joined:Mar 2005	Message Posted: May 1, 2012 5:12:05 PM Ignore Pozole Report Abuse ...several of my friends have switched around lately after feeling like captives in their ins. plans & found incedible new deals...I've been with American Family and treated fairly... [Edited by: Pozole at 5/1/2012 8:13:38 PM EST]
BuckyTJones Champion Author Salt Lake City Posts:4,932 Points:967,950 Joined:Mar 2010	Message Posted: May 1, 2012 3:42:02 PM Ignore BuckyTJones Report Abuse Is this an Insurance advertisement?
doggod Champion Author Anchorage Posts:2,863 Points:744,285 Joined:May 2009	Message Posted: May 1, 2012 3:35:44 PM Ignore doggod Report Abuse I'm having a tough time making sense of this. More people are switching but fewer people are shopping? Are people just going berserk then and switching just for the hell of it? I think I'll ignore this.
Lugi1967 Champion Author Ohio Posts:4,803 Points:1,005,170 Joined:Jun 2010	Message Posted: May 1, 2012 3:33:48 PM Ignore Lugi1967 Report Abuse Been with State farm too many years to switch
naidu72 Sophomore Author California Posts:177 Points:11,145 Joined:Apr 2012	Message Posted: May 1, 2012 3:29:45 PM Ignore naidu72 Report Abuse I have not switched since i have recd good cust service from allstate
wamster Champion Author Houston Posts:4,274 Points:697,105 Joined:May 2007	Message Posted: May 1, 2012 3:10:46 PM Ignore wamster Report Abuse It's not only a matter of lower prices, but also excellent service. Also, whether you have home and auto insurance together. I've been with Farmer's, AAA, Mercury, Progressive, and Liberty Mutual over the years. I've stayed with Liberty for the past four years. I continue to receive excellent customer service. I recently received a quote from another carrier. While the auto insurance was slightly less, the homeowner policy was over $1000 more a year. My friend had Allstate and she recently switched to Liberty also.
PatAZ Champion Author Tucson Posts:9,253 Points:122,460 Joined:May 2008	Message Posted: May 1, 2012 3:05:42 PM Ignore PatAZ Report Abuse I check, but nobody comes close.
buckets42 Champion Author New Jersey Posts:1,690 Points:329,550 Joined:Oct 2011	Message Posted: May 1, 2012 2:52:06 PM Ignore buckets42 Report Abuse I keep looking but I cannot find anyone to beat Allstate!
jimgraham Champion Author Akron Posts:10,387 Points:1,982,885 Joined:Oct 2007	Message Posted: May 1, 2012 2:47:09 PM Ignore jimgraham Report Abuse I still shop every year. My current carrier continues to be among the lowest that I have gotten quotes from. 6 years ago that carrier bumped my rates on renewal. That didn't fly with me so I changed. 4 years ago the "new" carrier bumped my rates. I shopped again. Ended up going back to the one I left - and they haven't bumped my rates in the last 3 years. Coming up again in September - we shall see if I stay with them or goooooo>>> bye bye.
bandannaman Champion Author New Jersey Posts:1,849 Points:365,610 Joined:Dec 2010	Message Posted: May 1, 2012 2:41:12 PM Ignore bandannaman Report Abuse The name of the game is swtich til you get the lowest rate.
wildddkattt80 Champion Author Phoenix Posts:2,143 Points:432,145 Joined:Jun 2011	Message Posted: May 1, 2012 2:35:10 PM Ignore wildddkattt80 Report Abuse Can you blame them?