Jacques Hendieh and Sean McMannamy offer advice to consumers on car insurance policies and pricing
As part of a consumer information feature, the personal finance platform and app WalletHub asked an international expert panel for their insight on average car insurance policy pricing. In the Ask The Experts section, Assistant Professor of Accounting Jacques Hendieh, DBA, and Assistant Professor of Data Science Sean McMannamy, PhD, covered the following questions from their market perspective:
Understanding the factors, formulas and data that make up insurance pricing gives consumers orientation on how much they should expect to pay for coverage. Hendieh points out that 62% of drivers in the USA are paying more than necessary for car insurance.
Both Hendieh and McMannamy conclude with the advice to actively shop around for more accommodating insurance companies and packages. This just as importantly signals to providers that prospective and existing customers are becoming smarter about their actual individual coverage needs.
Read Hendieh’s Ask The Experts insight here (Scroll up for the full article on Average Car Insurance Cost)
Read McMannamy’s Ask The Experts insight here (Scroll up for the full article on Average Car Insurance Cost)
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