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63 days

Hate paying so much for car insurance? Now is the time to switch. - MarketWatch

1. Insurance premiums are stabilizing after steep increases over two years. 2. Drivers see an emerging 'buyer's market' with better deals available. 3. Average annual car insurance cost is up to $2,680 for full coverage. 4. Tariff uncertainties might hinder significant premium reductions for insurers. 5. Drivers are encouraged to shop around for better insurance quotes.

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FAQ

Why Bullish?

The market dynamics favor lower rates and more competition among insurers, potentially benefiting players like EFX.

How important is it?

The insurance industry impacts credit scoring practices and changes in consumer behavior may increase demand for credit report services.

Why Long Term?

The trend towards a buyer's market could persist, leading to sustained competitive pricing which may favor credit bureaus like EFX through increased insurance shopping and related new records.

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