Consumers commonly focus on the price when buying auto insurance. They feel less pain from buying auto insurance by paying as little as possible. Can this strategy backfire? How? Would lower premium costs cause you to change insurance companies? What is the risk with this strategy? More than your opinion. What does the text or other sources recommend?
One source must be the following: Billingsley, R., Gitman, L. J., & Joehnk, M. D. (2020). Personal financial planning. Cengage Learning.
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