Consumer Reports digs into Car Insurance Quote Secrecy, Prices Are Rife With Inequities and Unfair Practices
August 6, 2015
Poor Credit May Raise Premiums Higher Than a Drunk Driving Conviction
Yonkers, NY – The amounts drivers pay for their car insurance premiums are based on confounding algorithms that increasingly have more to do with socioeconomic factors than driving habits, according to extensive research conducted by Consumer Reports.
The organization, which believes that knowledge about the going rate of any product or service is a fundamental consumer right, has released the findings of a two-year, in-depth car insurance investigation. The report analyzed more than 2 billion price quotes for sample drivers that were obtained in August and November 2014 from more than 700 companies across all 33,419 general U.S. ZIP codes. [Read more]
Consumer Reports Judges Advice and Survey Rates Brokerage Services at Major Financial Companies
January 10, 2012
Survey Finds USAA, Scottrade, and Vanguard score best amongst subscribers
Yonkers, NY – Whether you’re a seasoned investor, a newbie, or someone retesting the waters after a scary loss, financial-services companies want your business. In its latest report, Consumer Reports investigated what financial-services companies are really providing to their customers.
Consumer Reports surveyed its online subscribers about their experiences with their brokers. The organization sent staff members into brokerage offices in New York and Washington state to experience how clients seeking advice were served. And the organization asked major financial-services companies to prepare investment plans based on the profiles of five of those staff members. Two independent financial planners and their teams evaluated the appropriateness of the advice in the companies’ plans. [Read more]
