Bundle pricing. Using online websites for several insurancecompanies, look up pricing for bundling different types ofinsurance policies—for example, auto and renter’s insurance.Is there an advantage to buying two or more different policieswith the same company? What are some of the disadvantagesto consumers for bundling insurance coverage with one company? What are some of the other factors that impact the costof bundling insurance policies?www.progressive.comwww.geico.comwww.statefarm.com
Customary Pricing
There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows:
Multiple Unit Pricing
“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”
Bundle pricing. Using online websites for several insurance
companies, look up pricing for bundling different types of
insurance policies—for example, auto and renter’s insurance.
Is there an advantage to buying two or more different policies
with the same company? What are some of the disadvantages
to consumers for bundling insurance coverage with one company? What are some of the other factors that impact the cost
of bundling insurance policies?
www.progressive.com
www.geico.com
www.statefarm.com
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