Two shocking studies prove that insured drivers have significantly overpaid. This is the trick your auto insurer does not want you to know.
Out of all 246 insurers, we found just 7 that will give you an extremely high discount if you drive less than 25 miles per day. Also, there is a select group of insurers that will give a discount for zero recent tickets and if you live in a qualified zipcode. Has your agent told you these discounts?
Consumer Fed has warned that 45% of major insurers unfairly hike up loyal customers' rates just to maximize profits â€" insurers call it "price optimization." This means your insurer will keep barely increasing your rate so it's statistically unlikely that you'll leave â€" this way your insurer makes a higher profit. The rule to fight back is simple. To get the biggest savings, compare discounted rates from a vast network of insurers (that are licensed in your area).
Recent survey of 1,000 zipcodes shows that the average driver may save $859.00 a year by finding the right insurer. During February -- 2,215 U.S. drivers have trusted this to get extreme insurance discounts.