their opinions on car insurance rates, how much they'd need to save to make it worth switching insurance companies, as well as what their quote-searching habits were.

Hunting for savings

As the

Forbes

survey notes, around 68% of those who thought they were overpaying for car insurance had gathered car insurance quotes over the past year.

Of those, 42% compared car insurance rates within the last six months. Around 84% of men responded that they compared quotes, while just 58% of women compared insurance quotes.

And many of those drivers changed up their insurance, with 29% saying they swapped insurers in 2021 or 2022. Around 26% of respondents said they had changed their car insurance companies before 2020, while 14% switched during 2020.

A whopping 23% responded that they had never switched car insurance companies, meaning they're either holding on tight to a great deal, they can't be bothered to shop around, or money is not an object to them (it's probably the last one).

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Drivers change car insurance to save money

Of the 2,000 U.S. drivers surveyed, 58% of them said they changed car insurance companies to save money, while 19% said they swapped to get different coverage.

Another 8% said they changed because they bought a new vehicle, while 6% said it was because they moved. Just 5% reported disliking the company's customer service as the reason for leaving them.

Car insurance rates are steadily increasing

Car insurance companies have been raising their rates in 2022. Thanks to inflation, the cost of repairing insured vehicles after an accident is rising, according to industry experts.

That includes the cost of components like bumpers, fenders, and other common part casualties of most vehicle collisions and accidents.

That also includes the cost of new vehicles, which are often needed in the case of total losses—and have themselves been seeing

soaring prices

lately.

Combined with the fact there are more people returning to their daily commutes following the COVID-19 pandemic, you've got a recipe for a sore wallet.

MORE: Allstate Is Getting Hit Hard From More People on the Road

Shopping around is tedious

What's really surprising is when the survey asks respondents how many car insurance quotes they compared before selecting one and signing the paperwork.

While 14% of respondents went with the first auto insurance company they quoted, the majority—40%—quoted two companies before settling. Another 35% quoted 3-4 insurance companies, while only 8% quoted 5 or more.

How do I find the best car insurance rate?

Shopping around a few times a year is easily one of the best ways to save on your car insurance—and the most tedious. How are you supposed to do that when you're busy keeping up the rest of life's obligations?

According to this survey, finding even a handful of quotes is too much of a hassle for most drivers. So what if someone could do the quote gathering work for you—and not just a handful of quotes, but several dozen?

You're in luck because Jerry is the app you're looking for. Car insurance comparison shopping and broker app

Jerry

can find you affordable car insurance at the best rate.

Jerry customers save an average of $887 a year to insure their vehicle—and it can also save you some time by doing the grueling quote-finding work for you. The Jerry app sources quotes from insurance companies like Nationwide, Safeco, and Travelers to find you the best deal.

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