July 13, 2014 (Foster City, CA) – On a savings-per-minute basis, hunting for a bargain on car insurance outranks cellphone plans, gasoline, new-car deals or cable-TV, according to a new survey from Insurance.com, a website where you can compare car insurance quotes.
Insurance.com surveyed 2,000 women and men over age 25, all licensed drivers, asking them about time spent on common purchases and how big the resulting savings were.
Ease of shopping is a major factor in willingness to bargain-hunt, the survey showed. Fifty-four percent of consumers said the hassle of visiting multiple stores or multiple websites was a factor on occasions when they chose not to comparison-shop. About 40 percent said the time commitment was too big.
Insurance.com commissioned a survey of 2,000 licensed adult drivers, half men and half women, in April 2014. Insurance data gathered from consumer-reported savings on quotes delivered Sept. 2011 to Sept. 2013.
Insurance.com, based in Foster City, Calif., is an online resource where consumers can compare side-by-side, real-time auto insurance quotes from multiple insurance carriers. Since its inception in 2001, Insurance.com has delivered nearly 11 million quotes to consumers – who, in less than 10 minutes, fill out one form and save an average of $540 annually – making it one of the largest independent insurance marketplaces in the U.S. Participants include some of the biggest names in auto insurance, including Progressive, Esurance, The Hartford, Travelers and 21st Century. Experts from Insurance.com are available for interviews on all issues pertaining to auto insurance.