Wednesday, June 19, 2013

Auto Insurance Survey: What Company Provides Your Auto Insurance?

Choosing an auto insurance provider can be an overwhelming task. There are a bunch of companies to obtain quotes from, and it is important to make sure all providers cover the basics in the unfortunate event of an accident. For those just starting out, here is a helpful guide to learning about auto insurance and demystifying some of the technical lingo.

To help get a better understanding of auto insurance providers Random Survey Data conducted a survey asking ordinary students a few questions about auto insurance. This hopefully gives readers confidence in their decision making process when shopping around for auto insurance. Lets cover the basics of our survey collection.
  •   The Survey was conducted via an Google Doc link through email to friends and extended friends
  • Survey conducted in January 2013
  •  A total of 194 responses were received
Auto Insurance Survey Results


Now lets dive into the data! There were a few participants (11.3%) who did not drive a car and were not enrolled for insurance. We filtered out 22 of these candidates who did not have auto insurance. This way we could provide an accurate list of companies people use for their auto insurance. Here is distribution of all the companies listed by participants in the survey.



I know it’s a bit cluttered, but here are Insurance Providers to the survey participants are:
  1.   GEICO (16.9%)
  2. AAA (14.0%)
  3.  State Farm (14.0%)
  4. Farmers (8.1%)
  5.  Allstate (8.1%)
This aligns well with the amount of advertisements we see on media outlets! It is likely that GEICO appeals to the participants as a cheaper alternative to larger brick and mortar auto insurance providers.

Another question that was asked in the survey was "How participants obtain a quote and purchase their auto insurance?" From the histogram below we learn that a majority of participants order insurance online. The two other popular methods are over the phone or going to the office to talk directly to the localinsurance agent


If we dive a little deeper we find that of those who have GEICO, 75.9% went online to order it. Flipping this, if we ask which insurance companies people sign up for with a agent at the local office, we find some interesting results. Here are the top three insurance companies survey participants signed up for at the local office
  •  State Farm (25.0%)
  •  AAA (22.5%)
  • Farmers (10.0%)

This knocks online based insurance companies out of the water. For example, GEICO and Progressive only had one participant claim to visit the local office. It looks like this goes back to the advertising of these companies as a real person to help.


Life Insurance

As I was processing this data I began to wonder about other types of Insurance available. Obviously vehicles are just one avenue where insurance is highly recommended. House/Renters insurance is a good one to have and life insurance is absolutely necessary also. Life insurance is often over looked but it is so crucial for your family and loved ones in the unlikely event that something happens to you. There are plenty of resources online that talk about life insurance in more detail. The Simple Dollar is a neat little website clearly explaining a lot of this information better than I ever could. Maybe in the future a different type ofinsurance can be used for this survey (the possibilities are endless!!). 

Conclusions

Back to Auto Insurance, I think we have some interesting results found in our survey. It helps shed some light on what companies people choose for auto insurance when the market is so saturated with great commercials. I am happy to hear that GEICO is in the top running’s along with AAA. Overall, this was a great introduction to the popular auto insurance companies and to see how they enroll.



                                                            


7 comments:

Steve Finnell said...

SAVED LIKE THE PARALYTIC?

The proponents of "FAITH ONLY" salvation like to present the paralytic as an example of one who had his sins forgiven without being baptized in water. Their position is, since Jesus forgave the paralytic without being immersed in water; so then, baptism is not essential, for those living today, in order to have sins forgiven.

PARALYTIC SALVATION: Luke 5:18-20 And some men were carrying on a bed a man who was paralyzed; and they were trying to bring him in and set him him down in front of Him. 19 But not finding any way to bring him in because of the crowd, they went up on the roof and let him down through the tiles with his stretcher, into the middle of the crowd, in front of Jesus . 20 Seeing their faith , He said , "Friend, your sins are forgiven."

PARALYTIC SALVATION: Jesus forgave his sin because of the faith of friends.

Can men today be saved like the paralytic? No, they cannot!

The paralytic was saved without FAITH.
The paralytic was saved without REPENTANCE.
The paralytic was saved without CONFESSING Jesus as the Son of God.
The paralytic was saved without being BAPTIZED.
The paralytic was saved without BELIEVING that God raised Jesus from the dead.
The paralytic was saved without CONFESSING Jesus as Lord and Christ.

THE PARALYTIC PLAN OF SALVATION WAS- THE FAITH OF FRIENDS.

The paralytic was saved before the New Covenant was in force. Jesus had to die before the New Covenant was available.

Men today have to meet the terms of the New Agreement, that is the New Covenant.

NEW COVENANT: Hebrews 9:15-17 For this reason He is the mediator of a new covenant, so that, since a death has taken place for the redemption of the transgressions that were committed under the first covenant, those who have been called may receive the promise of eternal inheritance. 16 For where a covenant is, there must of necessity be the death of the one made it. 17 For a covenant is valid only when men are dead, for it is never in force while the one who lives made it.

The apostle Peter told all men how to be saved under the New Covenant. (Acts 2:22-41) A.D. 33 The Day of Pentecost.

New Covenant terms of pardon.
FAITH: John 3:16
REPENTANCE: Acts 2:38, Acts 3:19, Luke 24:47
CONFESSION: Romans 10:9-10, Acts 8:37
BAPTISM: Acts 2:38, Mark 16:16, 1 Peter 3:21, Acts 22:16, Colossians 2:12-13, Titus 3:5, John 3:5, Galatians 3:27, Romans 6:3-7

Was the paralytic saved? Yes, so was the thief on the cross, Enoch, Abraham, and many others before the New Covenant was in force, however, it was the blood of Jesus that washed away the sins of those who died under the Old Covenant.

IF MEN TODAY CAN HAVE THEIR SIN FORGIVEN LIKE THE PARALYTIC-----THEN THEY CAN BE SAVED WITHOUT FAITH IN JESUS CHRIST. THE PARALYTIC WAS SAVED BECAUSE OF THE FAITH OF FRIENDS!

YOU ARE INVITED TO FOLLOWING BY BLOG. http://steve-finnell.blogspot.com

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Mary Santago said...

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Jazmine Collins said...

Great post!

Jazmine Collins said...

Simply amazing! I love the way you show all the details of the auto insurance survey. This is so informative. With all of these points mentioned, I would highly recommend evaluating at least three different insurance companies before making a final decision. I just chose an excellent company that provides car insurance in Somerville and by evaluating a few different quotes first I was able to make the best decision for my family and myself. Hope this helps!

Gowri said...

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Varun Nithya said...


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