Shopping for a Vehicle? Make Sure You Get the Best Insurance Rate

From the LifeMinute.TV Team

January 2, 2025

When shopping for that 2025 vehicle, you will need good auto insurance, and Experian has a great way to potentially save you money. With an ongoing rate monitoring feature, their Insurance Marketplace does the legwork, so you don’t have to—by comparing policies from more than 40 top providers to potentially find you a better rate.

Senior Director of Public Education and Advocacy for Experian Rod Griffin says, “All of our costs have gone up, insurance included as the result of inflation, so our groceries, our gasoline, auto insurance, are all taking more money out of our wallet. Experian introduced its Insurance Marketplace to help address one piece of that puzzle, and we essentially comparison shop on your behalf. When we find a better rate, we will notify you. On average, people save about $800 per year, though it could be a bit more. That’s a significant savings when it comes to putting gasoline in the car or buying groceries.

It's generally recommended to evaluate rates every time the policy is up for renewal. According to an Experian survey, utilizing a comparison-shopping resource is the top method consumers will use in the future to research prices vs. going directly to carriers.

“Our insurance marketplace can help bundle things like homeowners insurance and auto insurance, which can also bring you additional savings,” says Griffin. "We’re often thought of as just a credit bureau. But we’re much more than that. We want to be a one-stop location to help people with all of their financial needs, and what people have told us is insurance is one of those areas where they need help. So if we’re able to help them address a complicated issue—that’s part of why we’ve introduced the insurance marketplace—it empowers people and gives them a tool to simplify their financial life and help them be more financially successful.”

For more info on the Experian Insurance Marketplace, visit experian.com/insurance.

Results will vary and some may not see savings. Average savings of $828 per year for customers who switched and saved with Experian from Jan. 1, 2022 to Mar. 31, 2024. Savings based on customers’ self-reported prior premium. Experian offers insurance from a network of top-rated insurance companies through its licensed subsidiary, Gabi Personal Insurance Agency, Inc.