Consumers Save an Average of $455 Per Year on Auto Insurance With LMB Insurance Services

 LMB Insurance Services, the insurance division of LowerMyBills.com, today released the results of a consumer experience survey of 4,664 online auto insurance shoppers who completed a rate-quote request form on LowerMyBills.com. This survey was conducted between Oct. 6 and Nov. 16, 2009. Survey data reveals that LMB Insurance Services helps consumers reach their goals to save money on auto insurance and provides users with a satisfying consumer experience.
Saving money is chief motivator for comparing auto insurance plans
When consumers were asked their reasons for shopping for auto insurance, 62 percent included wanting to save money. Fifty-eight percent included making price comparisons. Twenty percent included that their policy was about to expire. Fourteen percent included that they were dissatisfied with their current auto insurance company.
Consumers save a significant amount of money using LMB Insurance Services
Consumers who switched auto insurance carriers as a result of their comparison-shopping experience on LMB Insurance Services saved an average of $455 per year. Of the total consumers that saved by switching auto insurance carriers, 40 percent saved more than $564 per year on their auto insurance policy and 20 percent saved more than $732 per year.
Discounts and savings entice consumers to change plans
When consumers who switched carriers were asked why they switched carriers, 88 percent of consumers included saving money on their policy as one of their reasons for switching. Twenty-one percent of consumers included their new carrier offering savings on other types of insurance as a reason for switching.

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