At least that’s what the Consumer Federation of America suggests in a report released today. The consumer group says that Minnesota is one of 18 states with an “inadequate” web site for auto and home insurance information.
“At a time when consumers are under increasing financial pressure, state insurance departments can do their part by making available current information about the rates, solvency, and complaints of individual insurers as well as tips for consumers to use to secure fairer and faster claims settlements,” said Robert Hunter, the CFA’s Director of Insurance.
The report found that consumers in the six states with “excellent” sites can find “current price, complaint and solvency information to make well informed purchase decisions and could find key information on how to get the best claim settlements as well.”
Go to the Minnesota Commerce Department’s consumer page and you’ll find a link to “insurance” two-thirds of the way down the list that offers the basics on home and auto insurance, but not much from the personal finance perspective.
At California’s site, for example, you can compare premiums. In Minnesota, you’d have to go to a private insurance site and get quotes which will likely ask for a lot of personal information from you.
That’s just one of the features I think Minnesota should work on for its site. Until then, what are your auto and home insurance tips?