AI Tools Reduce Auto Insurance Shopping Time by Over 75%

Published on · Source: cnbc.com

AI Tools Reduce Auto Insurance Shopping Time by Over 75%

AI Summary

Summarized by AI from the source below

The average annual auto insurance premium has increased by 18% year-over-year, now at $1,084 every six months, according to The Zebra. New AI-powered tools like Jerry aim to streamline the comparison shopping process, reducing it from hours to approximately 15 minutes. Jerry allows users to compare rates from at least a dozen insurers, making it available across all 50 U.S. states and Washington, D.C. The need for effective comparison shopping is crucial as insurance prices continue to rise.

Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.

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