A recent study by Premium Credit reveals that over 25% of insurance customers rely on financing options to maintain their policies. Conducted in March with 827 individuals, the survey found that 27% would downgrade their coverage without monthly payment plans, while 39% acknowledged they would struggle to pay their premiums. Alarmingly, 8% of drivers might sell their cars, and 2% might even consider driving uninsured. These findings underscore the vital role of premium financing in the insurance sector, prompting a need for improved payment flexibility to enhance customer retention. Source and details of the news