
I’m a licensed agent — when my car insurance increased, here’s how I got my rate back down
The renewal rate you receive doesn’t always have to be the one you pay
Amy Sims is an editorial director for Bankrate. Amy leads teams responsible for helping people find the right information they need to make informed financial decisions. For years before her role at Bankrate, she was a licensed agent who sold insurance. Later, she led compliance strategies for many insurance companies.
With 15 years of insurance experience, primarily in the personal lines field, focusing on auto, homeowners, renters, umbrella and flood insurance, she has worked with many insurance companies and developed a vast understanding of insurance coverage options and state requirements. Today, she maintains her industry knowledge through continuing education, working with industry experts and researching how the insurance industry is changing.
Amy’s macro view of insurance has also shaped her interest in expanding her knowledge to a broader personal finance focus. Since her time at Bankrate, she also led a team responsible for analyzing just how much the economy impacts all corners of Americans’ finances. She now works more closely with banking and homeownership teams.
When she is not working, Amy enjoys spending time with her family, playing with her dog, reading, gardening and traveling.
Amy earned her bachelor’s degree in communication with a concentration in social interaction and a master’s degree in organizational leadership.
Amy wants you to know
There are a ton of ways to approach your finances, maximize earnings and reduce debt. The hardest part can be knowing where to get started. Researching, asking questions and talking with industry experts can make a difference in your financial situation and help you feel more prepared to determine your next steps.
Trust and transparency are important to me so that you can make informed decisions.
— Amy Sims
Job growth is expected to be nearly 10 times slower this year than it was last year.
Economists expect more rate hikes than the Fed itself.
Experts say no other downturn has been so widely predicted.
As inflation soars, most Americans say the economy has harmed their quality of life.
Americans face another challenging holiday season as inflation soars.
Some consumers may be feeling the pinch of stagflation already.
Americans were also more likely to blame Washington policymakers than credit them.
If you own a registered vehicle, you are required to carry car insurance in most states. Car insurance protects your legal and financial responsibility in the event of an at-fault accident. In the United States, the average cost of car insurance is $565 per year for minimum coverage and $1,674 per year for full coverage.