Recession alters consumer insurance needs

With new car sales slumping, consumers likely to scale back auto insurance quote requests

According to the Federal Reserve's Beige Book, new car purchases around the country remain weak - largely due to consumers facing tough financing terms.

With fewer new cars being purchased, consumers are likely to place less demand on companies for auto insurance quotes.

But some current car owners might be shopping around for a deal on rates and would consider switching companies if a better offer were available. One of the most popular ways to compare auto insurance quotes is online.

The recession is not only affecting the habits related to auto insurance policies, it seems that quotes for homeowners policies may be on the rise.

Historically low home prices around the country have spurred some interested buyers to take a closer look at available properties.

The Fed's compilation of stories from its 12 districts around the nation said that a number of districts have reported an uptick in home sales. Consumers eager to protect their new purchases will be looking for affordable home coverage rates.

Learn how easy and convenient shopping for auto insurance can be. Get your free auto insurance quotes today!

Posted: June 12, 2009

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