I am a writer with ValuePenguin (www.valuepenguin.com), a site that provides consumers with helpful articles and information on financial topics. I’m looking to interview auto insurance professionals, policy holders, attorneys and other sources for the following article: LOYAL TO YOUR AUTO INSURANCE COMPANY? WHY YOU MIGHT PAY MORE IN PREMIUMS DUE TO PRICE OPTIMIZATION PRACTICES. This story will explore why and how certain auto insurers charge policyholders (who don’t shop around) more in premiums via a practice known as “price optimization” Below is a list of questions I’m seeking answers to. I can either conduct a phone or email interview (with the latter, please email me back full-sentence written responses that I can use as quotes). My deadline is noon central time, Wednesday, June 17, 2015.
QUESTIONS:1. (This first question is only for auto insurance policyholders who have suffered from price optimization): How long have/had you been with the same auto insurer before they increased your rates for no apparent reason? What did the rate increase from/to? Did you end up paying the higher premium or switching to another company? What do you currently pay and who is your insurer now? What advice/suggestions would you offer to other auto policyholders who may experience something similar? What is your full name and city/state of residence?2. (The rest of the questions are for insurance or legal experts): What is “price optimization,” and how problematic/widespread of a practice is it today?3. What states allow it and don’t allow this practice currently? Is there any prominent state or national legislation underway to address this issue?4. What is an insurer’s reason for raising rates on clients who don’t shop around? How can they justify this practice, and why do they engage in it?5. What are fair and legitimate reasons for insurers to charge different premiums to different policyholders? What, in your opinion are unfair reasons?6. What tips would you recommend policyholders follow to prevent experiencing premium hikes caused by price optimization? What should they be doing, when, and why?7. How should consumers shop around and get different auto insurance price quotes? When/where/from which companies/why? What steps/tips do you recommend here?8. Do you have any statistics/data that illustrate this topic in any way? Please cite the source of the data.9. Any other thoughts or ideas on this topic you’d like to offer?10. What is your full name, title, degrees/credentials, company, city/state location, and email address?
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