Analysis of Car Insurance Premiums and Insurance Brokers' Impact

This report investigates the role of insurance brokers in helping customers save on car insurance premiums. It analyzes a dataset to determine the average savings, factors influencing premiums, and customer satisfaction levels. The analysis includes ANOVA and correlation tests to compare broker performance and identify relationships between variables like car value, age, and license held. The findings reveal that while brokers can significantly impact savings, there is variability in their effectiveness. Customer satisfaction is generally high, but the report highlights the importance of choosing brokers wisely to maximize potential savings. The report also explores the proportion of customers making losses and the significance of car value in determining premiums. Ultimately, the report provides data-driven recommendations for customers seeking to optimize their car insurance costs.