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Many Shopping for New Car Insurance
by: ADT Staff
With car insurance rates on the rise and many consumers dissatisfied with coverage, they're on the hunt for new policies, and many express interest in embedded ones.
A J.D. Power survey of 10,000 insurance shoppers found that about half, 49%, of auto insurance consumers have shopped for a new policy in the year ended Feb. 29, and 29% of those have switched carriers, particularly the youngest policy holders.
It pointed out that the average auto insurance cost is up 22%, more than any other category tracked by the Consumer Price Index.
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