There are five trends in the car insurance industry that will help you keep your resolutions to save both money and time next year. Insurance.com discusses their trends in the article “Insurance.com Reveals 5 Car Insurance Trends That Will Save Time and Money in 2011.” Like many businesses, insurance companies have been hit hard by the struggling economy and are offering incentives and deals to obtain and keep customers. Compare car insurance from this year and the likely trends for next year and there are significant time and money saving offers for consumers.
First of all, car insurance rates will be more competitive. Insurance companies like Allmerica car insurance will be offering better premium rates to get new customers. The next trend will be an increase in the number of policies that are based on mileage. Consumers who drive very few miles are likely to receive big discounts next year if they get into one of these policies. Lower deductibles and refunds of premiums paid will likely be given to accident-free drivers by many insurance companies in 2011, giving them a greater incentive to drive safely.
The fourth trend for 2011 will save tech savvy consumers a lot of time. The use of smart phone options related to car insurance will become even more widespread with communication regarding policies and claims becoming simpler. Finally, insurance companies like Eastwood Insurance are likely to offer more budget friendly options for car insurance. More companies are likely to offer minimum coverage plans and advertise them to attract consumers who are cutting back. Talk to your insurer and research others to save yourself time and money in 2011.
