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How Much Do Auto Insurance Consumers Save When They Switch Policies?

In May we used the results from an independent study of auto insurance consumers to demonstrate how "price" is the primary motivator that causes auto insurance consumers to shop for a new policy.

According the same study, auto insurance consumers that switched policies after shopping online at InsWeb, saved an average of $301 on a 6-month premium.

Savings on 6-Month Premium For Auto Insurance
Consumers Who Switched After Shopping Online at InsWeb
No Savings
12%
Under $100
6%
$100 - $199
18%
$200 - $299
21%
$300 - $399
14%
$400 - $499
12%
$500 - More
17%
Average: $301
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