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What percentage of auto insurance customers are shopping around? – Report

April 20, 2022

More than 90% of auto insurance customers who switch companies save money – but most policyholders are missing out by failing to shop around, according to a new study by insurance comparison site ValuePenguin.

According to the study, 92% of auto insurance customers who switched companies during their most recent renewal period saved money.

“This impact was limited, however, as 65% of policyholders didn’t seek additional quotes during their renewal period,” the study said.

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