By Laura Donaldson
Saving A Buck On Insurance
FORT WAYNE, Ind. (Indiana’s NewsCenter) - With money tight, we wanted to know if local drivers are cutting back on state required auto insurance coverage.
Area insurance agents say they haven't seen a drastic increase or decrease in business. But they do say more motorists are revisiting their auto insurance plans, looking for ways to cut back.
State Farm Agent Larry Ice II says he's not sure how much the economic downturn has effected business because State Farm doesn't track why clients may drop a policy.
But he has noticed more financially strapped customers looking for a discount.
“There’s a lot more focus on saving money,” said Ice.
He says foot traffic is increasing at his small business, as consumers become more financially conscience.
“And I think that overall that goes from health insurance, auto, home every type of insurance,” said Ice.
Ice says he’s seeing a new and surprising trend; more clients are purchasing health insurance policies.
“People are a lot more concerned about what might happen if my husband losses his job, or if I loss my job, I might not be able to continue that health insurance coverage,” said Ice.
But the financial concern isn’t limited to auto and health insurance.
Indiana’s NewsCenter spoke with several area auto repair shops that say customers are waiting longer to get an oil change.
But what's most concerning, auto experts say more motorists are waiting until the last minute to repair their breaks.
Auto experts warn that the metal on metal grind could become dangerous not only for the driver but also other motorists.
Ice says his company recognizes the financial strains on families and is taking steps to speak with clients about ways they can reduce their rates without lowering their coverage.
State Farm is a leading carrier that has provided quality services over years and has served more than hundreds of people with their exciting policies. There is no specific reason that justify why people are dropping their policies as there may be a number of reasons like, may be they have got a better opportunity in the same value, or they are satisfied with the services, or they are not able to afford it and many more. After all every one do wants to have maximum coverage in minimum cost.
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