Associate Professor of Marketing Kashef Majid was recently interviewed for a feature on WalletHub.com on car insurance. Majid provided insight into the ways COVID-19 has impacted car insurance companies and how these companies target consumers through celebrity endorsements.
How do you think COVID-19 has affected consumer demand for car insurance?
At a large scale, COVID-19 has harmed the economy which would trickle into demand for cars and subsequently insurance. On a more micro-level what this has done is made people more cognizant about how much they are paying for car insurance so I would expect more consumers to reevaluate how much they are paying for car insurance. Read more.