What's happened
Recent analyses highlight the pros and cons of various car insurance providers, including Clearcover, GEICO, and USAA. While Clearcover offers affordable digital-first policies, it lacks features and availability compared to larger competitors. In contrast, liability-only insurance remains a budget-friendly option for many drivers.
Why it matters
What the papers say
According to Business Insider UK, Clearcover is noted for its affordability but criticized for its limited features and availability. The article states, 'Clearcover may be the right option for you' if you seek a basic policy managed via a mobile app. In contrast, the liability-only insurance article emphasizes affordability, stating, 'the goal is often to remain a legal driver while paying as little as possible.' Furthermore, the South China Morning Post highlights the complexities of EV insurance, noting that 'premiums for EV-specific coverage are 30 to 150 percent higher than for petrol cars,' illustrating the challenges faced by EV owners in securing adequate insurance.
How we got here
The car insurance market is evolving, with digital-first companies like Clearcover emerging alongside traditional providers. As consumers seek affordable options, understanding the differences in coverage and pricing becomes crucial.
More on these topics
-
The Government Employees Insurance Company is an American auto insurance company with headquarters in Maryland. It is the second largest auto insurer in the United States, after State Farm.
-
The United Services Automobile Association is a San Antonio-based Fortune 500 diversified financial services group of companies including a Texas Department of Insurance-regulated reciprocal inter-insurance exchange and subsidiaries offering banking, inve