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.
