Around one-third of policy bundlers surveyed said they will "definitely" switch their home insurer as well if they are driven to change their auto insurer by a price increase. (Credit: bakhtiarzein/Adobe Stock)
Home and auto bundles have been a long-standing staple for insurers when it comes to holding onto customers, but the 2022 U.S. Home Insurance Study from J.D. Power shows rising premiums have driven many former-bundlers to split their policies between insurers in order to save money.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
