If you haven’t heard yet, right now there’s a huge uproar within the auto insurance industry.
After a recent investigation, millions of car drivers have discovered they have been overpaying for their car insurance, needlessly, for many years. Shockingly, in many scenarios drivers were paying up to 50% more than they should be.
This adds up to thousands of dollars for each of the many consumers affected. The simple truth is, insurers use a scheme which they refer to internally as “Price Optimization”, to charge some of their customers much more than others. For the time being this tactic is legal, and it has resulted in a huge boost in profits for insurance companies.