{"id":45465,"date":"2022-08-23T20:23:15","date_gmt":"2022-08-23T20:23:15","guid":{"rendered":"https:\/\/dev.way.com\/blog\/?p=45465"},"modified":"2025-02-10T10:35:18","modified_gmt":"2025-02-10T10:35:18","slug":"34-of-americans-having-tough-time-paying-for-auto-insurance","status":"publish","type":"post","link":"https:\/\/dev.way.com\/journal\/34-of-americans-having-tough-time-paying-for-auto-insurance\/","title":{"rendered":"34% of Americans Having Tough Time Paying for Auto Insurance"},"content":{"rendered":"<p><b>FREMONT, CA (August 23, 2022) <\/b><span style=\"font-weight: 400;\">\u2014<\/span><span style=\"font-weight: 400;\"> Way.com is revealing the insights from its insurance survey conducted earlier this month. The #1 auto super app and leading fintech\u00a0platform for car ownership gathered data from 1,000<\/span> <span style=\"font-weight: 400;\">participants to dig deeper into how the current state of the economy is affecting drivers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most notably, the survey revealed that 34% of people are having a hard time affording insurance, and 33% have noticed an increase in rates. Over 34% stated they are paying $200+ per month with their current policies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe\u2019ve never seen dual inflation like this in the 25 years I\u2019ve been in the industry,\u201d explains Ezra Peterson, Sr. Director of Insurance Sales for <\/span><a href=\"https:\/\/www.way.com\/\"><span style=\"font-weight: 400;\">Way.com<\/span><\/a><span style=\"font-weight: 400;\">. \u201cNow is the time to shop for better rates and reevaluate your insurance relationships, especially if you\u2019ve been with the same carrier for years.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With 74% of respondents typically staying with their car insurance carrier for five or more years, many people have not recently evaluated their coverage needs and could be overpaying. Car insurance is not one-size-fits-all. Further, laws on coverage vary from state to state and should be customized based on a specific person\u2019s needs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks to <a href=\"https:\/\/www.way.com\/insurance\">Way.com<\/a>\u2019s various partnerships, drivers can choose from over 200 insurance carriers for the best rates and even receive auto refinancing, which can easily save them over $100 per month.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Binu Girja, CEO and Founder of Way.com, adds, \u201cOur goal at Way.com is to be every car owner\u2019s full-service platform, allowing them to save the most money while still protecting their vehicles.\u201d He continues, \u201cCar ownership should be affordable for all Americans.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To find out more about how Way can simplify and streamline your car ownership journey, download the free app on <\/span><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=way.com&amp;hl=en\"><span style=\"font-weight: 400;\">Google Play<\/span><\/a><span style=\"font-weight: 400;\"> or in the <\/span><a href=\"https:\/\/apps.apple.com\/us\/app\/way-what-amazes-you\/id1140927456?ls=1\"><span style=\"font-weight: 400;\">App Store<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><b>About Way.com<\/b><\/p>\n<p><a href=\"https:\/\/stats.newswire.com\/x\/html?final=aHR0cHM6Ly93d3cud2F5LmNvbS8&amp;hit%2Csum=WyIzbTh6b3EiLCIzbTh6b3IiLCIzbTh6b3MiXQ\"><span style=\"font-weight: 400;\">Way.com<\/span><\/a> <span style=\"font-weight: 400;\">is the leading vertical platform for the car, where 6.5 million drivers have discovered high-quality car services in one destination. Ranked #48 in a16z\u2019s Marketplace 100: 2021 list of private companies in the world, the team at Way believes car ownership should be affordable for all Americans. The #1 car super app helped customers save millions in 2021 with its tech-forward approach, as they signed up for the best auto insurance and parking rates in-app in seconds. The car services marketplace also offers cash back for gas, the best auto refinance rates, roadside assistance, EV charging locations, and sets customers up with the top-rated car washes across the country.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">###<\/span><\/p>\n<p><b>MEDIA CONTACT<\/b><span style=\"font-weight: 400;\">:\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Taylor DeVries<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BLAZE PR<\/span><\/p>\n<p><span style=\"font-weight: 400;\">tdevries@blazepr.com<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FREMONT, CA (August 23, 2022) \u2014 Way.com is revealing the insights from its insurance survey conducted earlier this month. The #1 auto super app and leading fintech\u00a0platform for car ownership gathered data from 1,000 participants to dig deeper into how the current state of the economy is affecting drivers. Most notably, the survey revealed that&hellip; <a class=\"more-link\" href=\"https:\/\/dev.way.com\/journal\/34-of-americans-having-tough-time-paying-for-auto-insurance\/\">Continue reading <span class=\"screen-reader-text\">34% of Americans Having Tough Time Paying for Auto Insurance<\/span><\/a><\/p>\n","protected":false},"author":46,"featured_media":46620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[569,6083,344,1854,1857],"tags":[1530],"class_list":["post-45465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-auto-insurance","category-whats-trending","category-things-to-know","category-insurance","category-tips-and-trips","tag-california","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.3 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>34% of Americans Having Tough Time Paying for Auto Insurance &#187; Way Blog<\/title>\n<meta name=\"description\" content=\"New survey reveals that 34% of people are having a hard time affording insurance, and 33% have noticed an increase in rates. Over 34% stated they are paying $200+ per month with their current policies.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"34% of Americans Having Tough Time Paying for Auto Insurance\" \/>\n<meta property=\"og:description\" content=\"New survey reveals that 34% of people are having a hard time affording insurance, and 33% have noticed an increase in rates. 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