Morningstar Features Insurance.com

By Insurance.com Posted : 04/23/2009

In an interview with Dow Jones reporter Lavonne Kuykendall, Insurance.com VP Sam Belden talks about a new consumer survey that shows how drivers are managing their car insurance policies during tough economic times.

About 25% of consumers surveyed planned to buy less coverage either by getting higher deductibles or lower limits of liability. The survey also noted that 32% of consumers are driving quite a bit less than they were 6 months ago, giving them the opportunity to qualify for low mileage discounts.

A separate study conducted by the Independent Insurance Agents & Brokers of America showed that 24% of homeowners were planning to cut coverage as well.

Read more about economic trends and how to buy uninsured motorists coverage or read the entire article at Morningstar.com.

Related Articles on Insurance.com

Quote & Compare

Want to bundle home and auto insurance for potential discounts?

you're all set.

One of our newsletters
should arrive in your inbox
soon - keep an eye out for it!