The number of consumers shopping for auto insurance has declined, dropping to the lowest point in five years, according to the J.D. Power and Associates “2012 U.S. Insurance Shopping Study.”
According to the research, only one-quarter of insurance customers shopped for a new insurer this past year, an 8–percent decline from last year, but 43 percent of them switched carriers. That’s an increase of 3 percent from last year and the highest rate since 2008, the first year of the study.
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