Hendieh and McMannamy Featured In WalletHub

Jacques Hendieh and Sean McMannamy offer advice to consumers on car insurance policies and pricing

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Faculty

October 12, 2023 | jns

As part of a consumer information feature, the personal finance platform and app WalletHub asked an international expert panel for their insight on average car insurance policy pricing. In the Ask The Experts section, Assistant Professor of Accounting Jacques Hendieh, DBA, and Assistant Professor of Data Science Sean McMannamy, PhD, covered the following questions from their market perspective:

      • Why have car insurance premiums been increasing over the past years?
      • How can drivers lower their average car insurance costs?
      • Why do some groups pay so much more for car insurance than others?
      • Can insurers really save drivers as much on their average car insurance costs as they advertise?

Understanding the factors, formulas and data that make up insurance pricing gives consumers orientation on how much they should expect to pay for coverage. Hendieh points out that 62% of drivers in the USA are paying more than necessary for car insurance.

Both Hendieh and McMannamy conclude with the advice to actively shop around for more accommodating insurance companies and packages. This just as importantly signals to providers that prospective and existing customers are becoming smarter about their actual individual coverage needs.

Read Hendieh’s Ask The Experts insight here (Scroll up for the full article on Average Car Insurance Cost)

Read McMannamy’s Ask The Experts insight here (Scroll up for the full article on Average Car Insurance Cost)

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