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

LOS ANGELES, Jan. 13 /PRNewswire/ -- 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.  

LMB Insurance Services has a high satisfaction rating among consumers

LMB Insurance Services not only helps consumers achieve their saving-money goals, but it also has a high satisfaction rating among consumers. Of the consumers who switched auto insurance carriers as a result of using LMB Insurance Services, 84 percent were very satisfied or satisfied with their experience shopping for insurance. Eighty percent of consumers who switched would use LMB Insurance Services again for an auto insurance quote. Eighty-four percent of consumers who switched would recommend LMB Insurance Services to a friend.  

For more information about LMB Insurance Services, visit https://www.lowermybills.com/.

About LMB Insurance Services

LMB Insurance Services, the insurance division of LowerMyBills.com, is a free online resource that helps consumers comparison-shop for the best auto insurance rates and policies. LMB Insurance Services helps consumers save an average of $455 per year on auto insurance. It has an 84 percent satisfactory rating among consumers who switched carriers as result of using this service. Eighty percent of these same consumers would use LMB Insurance Services again for an auto insurance quote.  

About LowerMyBills.com

LowerMyBills.com is a free online resource for consumers to compare low rates on monthly bills and reduce the cost of living. LowerMyBills.com is the one-stop destination that offers savings through relationships with hundreds of service providers across multiple categories, including home loans, credit cards, auto and health insurance, debt management and long-distance and cell phone services.

About Experian

Experian® is the leading global information services company, providing data and analytical tools to clients in more than 65 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score and protect against identity theft.

Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2009, was $3.9 billion. Experian employs approximately 15,000 people in 40 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; Costa Mesa, California; and Sao Paulo, Brazil.

For more information, visit http://www.experianplc.com.

Experian and the marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc.

Other product and company names mentioned herein may be the trademarks of their respective owners.

SOURCE LowerMyBills.com