How Auto Insurers Are Leveraging Market Disruptions Accelerated by COVID-19
Dramatic changes in insurance shopping patterns have insurers watching each other, economic trends and industry experts.
As many people stayed home and traffic reduced, driving violations and mileage became less reliable predictors of loss.
As insurers make the shopping process easier, don't be surprised to see more consumers shopping.
Surveys results show that most consumers do not expect driving activity to return to pre-Covid levels.
Consumers took advantage of regulatory directives to stretch out payments or avoid cancellations. Tax changes may prolong that disruption.
