An under informed customer may choose the cheapest available package, which may not cover them correctly if a tragedy happens. This is where independent agents are invaluable. (Credit: iStock/ALM archives) An under informed customer may choose the cheapest available package, which may not cover them correctly if a tragedy happens. This is where independent agents are invaluable. (Credit: iStock/ALM archives)

When people are concerned about the economy, they focus on saving money more than ever. That's especially apparent with insurance, where consumer preferences in challenging times are often to buy the cheapest coverage they can find or even go without insurance if they can.

Continue Reading for Free

Register and gain access to:

  • 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
NOT FOR REPRINT

© 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.