- 10:15 ET, Mar 28 2022
- Updated: 10:15 ET, Mar 28 2022
HITTING the road in your first car is always exciting, but the insurance cost can wipe off the fun.
Car insurance rates can be burdensome, so it is important to research thoroughly and get the best possible quote.
62% of Americans overpay
Being a loyal customer usually comes with incentives. Car insurance, however, is another story.
Since they know most customers will not take the time during their busy lives to compare prices, insurance companies gradually increase their rates for existing clients.
Some 22 percent of Americans reported never looking for better insurance rates, and in addition, 40 percent said they do so only every couple of years.
This high percentage is why car insurance soars for existing customers, per Expertise.com.
The research reported that 75 percent of Gen Z drivers don’t compare car insurance rates.
With many Gen Z-ers probably not having much experience in the auto department, they are less likely to compare rates or scrutinize different options.
Younger drivers do indeed have a higher car insurance price due to their age and credit score, but they often pay more than necessary because they don’t study around.
Utilize insurance comparison apps
If you do not want to go through the hassle of researching different car insurances, you can use insurance comparison tools like Jerry.
Jerry finds the cheapest car insurance quote, and can even cancel your old insurance policy to expedite the process.
You will always get a new quote when your policy is up for renewal, constantly allowing the best offer on the tip of your hands.
We pay for your stories!
Do you have a story for The US Sun team?