Smaller Carriers May Hurt You with Insurance Rates – Daily Insurance Scoop

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Smaller Carriers May Hurt You with Insurance Rates

Smaller Carriers May Hurt You with Insurance Rates

While car insurance rates have gone up for pretty much everyone, some people are being unfairly penalized for having a smaller carrier.

Looking specifically at Colorado, those who are forced to buy from smaller carriers–people who haven’t had insurance before, have had a DUI in the past, have been at fault for accidents, or have a lot of speeding tickets. In doing so, they’re often charged higher rates.

This forces lower income folks to buy from a more expensive carrier and then pay a higher rate to switch to a big name one.

By paying attention to studies such as these, drivers can keep on top of these slight trends and save themselves in the long-run.

Image via PKF Malta.

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By clicking submit, I authorize Daily Insurance Scoop and its affiliated companies to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in our Terms of Service and Privacy Policy, (2) supplement the information that I provide with additional information lawfully obtained from other sources, like demographic data from public sources, interests inferred from web page views, or other data relevant to what might interest me, like past purchase or location data, (3) contact me or enable others to contact me by email with offers for goods and services from any category at the email address provided, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here