Charlotte, NC (Aug.20, 2024) – While auto insurance is meant to be a financial safeguard for drivers, many are opting not to use it.In its latest analysis, LendingTree, one of the nation’s leading online marketplaces for loans, credit cards and insurance, found that 39% of insured drivers who’ve been in an auto accident or incident have bypassed their insurance for repairs.

Additionally, 24% have filed a claim and later regretted doing so.LendingTree conducted an online survey of 2,000 U.S.consumers ages 18 to 78 to get a clear picture of how drivers handle accidents and insurance.

Key Findings To review the full report, click here.Methodology LendingTree commissioned QuestionPro to conduct an online survey of 2,000 U.S.consumers ages 18 to 78 from June 13 to 14, 2024.

The survey was administered using a nonprobability-based sample, and quotas were used to ensure the sample base represented the overall population.Researchers reviewed all responses for quality control.We defined generations as the following ages in 2024: About LendingTree, LLC LendingTree is one of the nation’s largest, most experienced online financial platforms, created to give consumers the power to win financially.

LendingTree provides customers with access to the best offers on loans, credit cards, insurance and more through its network of approximately 400 financial partners.Since its founding, LendingTree has helped millions of customers obtain financing, save money, and improve their financial and credit health in their personal journeys.With a portfolio of innovative products and tools and personalized financial recommendations, LendingTree helps customers achieve everyday financial wins.

LendingTree, Inc.is headquartered in Charlotte, NC.For more information, please visit www.lendingtree.com.

Tags: LendingTree, survey