Smart Shopping?

New Mexico Business Journal, Sept, 2000

The difference, or variance, between the highest and lowest quoted rates for a six-month auto insurance policy in New Mexico is a staggering $545, according to a study made by Progressive Auto Insurance. Says Progressive's Mike Randall:

"New Mexico consumers could be saving hundreds of dollars every six months if they only shopped around." Which, apparently, they don't. Randall points out that no one company, including Progressive, "will always have the lowest or highest insurance for all consumers. That's why the need to shop and compare rates. Smart shopping doesn't necessarily mean you could save $545 a month, however. "There are just too many variables," Randall says. But at least a decent portion of that probably could be saved.