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Megan Shepherd

Megan Shepherd, General lines agent

Editor

Megan Shepherd is personal finance editor at Finder committed to delivering precise, informative content that helps readers navigate the financial world of loans. Megan also specializes in helping readers evaluate their insurance coverage options, backed by an insurance license and more than four years of providing guidance in the industry. Megan’s contributed her expertise to Forbes, Fox, Time and Reviews.com. She earned her BS at the University of Texas at Dallas and enjoys tuning up her backhand on the tennis court.

Expertise

  • Life, disability, car, health, accident, critical illness, dental and vision insurance
  • Underwriting guidelines
  • Insurance policy comparison

Experience

  • Certified general lines agent in life, accident, health and HMO
  • Featured on leading publications, including Forbes, Fox, Time, reviews.com, carinsurance.com and more
  • Earned certificates of completion from A.D. Banker & Company on topics including HIPPA, personal auto insurance, the ethics of insurance, personal lines and life insurance plans and policies

Education

  • Bachelor of Science, Business Administration with Entrepreneurial Focus | University of Texas at Dallas | 2012–2014

Featured publications

Industry insights from Megan Shepherd

We asked Megan for her insights into the current state of the insurance industry — and trends she predicts for the coming year.

Usage-based car insurance policies became ever-more popular during the COVID-19 pandemic. Do you think this trend is here to stay?

Yes, the trend of using telematics to personalize car insurance rates isn’t going anywhere. While it may have required people working from home or driving less to consider a usage-based approach, now that it has taken off, both drivers and insurers recognize it makes more sense for rates to be based on your actual risks and mileage — instead of just demographic statistics alone. And it isn’t only stand-alone telematics car insurance companies like Metromile and Root that have realized this. A large majority of top car insurers have stayed on trend by introducing or optimizing their usage-based car insurance offering. Plus, with more and more insurers partnering with fintech companies, the software to monitor how you use your vehicle is only getting better.

With more cars on the road now that the pandemic has finally slowed down, do you predict car insurance premiums will increase over the next year?

More cars on the road now that the pandemic is winding down, coupled with smart technology in newer cars, may account for more car accidents with higher repair costs, which generally means an overall increase in car insurance rates. Still, it’s important to consider the lasting effect of companies who permanently change their workforce to a work-from-home model. Less commuting or flexible hours could change the number of accidents we see in large cities. And while a rise in usage-based car insurance means safe drivers who make the switch can see lower insurance rates, it may not be enough to tip the scales on the typical year-over-year rise in car insurance premiums.

From car telematics to wearable fitness trackers, how has the use of personalized data affected the cost of car and life insurance?

Rates set on personalized data force the insurance industry’s cost structure to be fair. If you lead a healthy lifestyle, or practice safe driving habits, your rates can now reflect that instead of statistics surrounding factors like your age or gender. Discounted rates for healthy people or good drivers isn’t a new idea — we’ve long seen lower life insurance rates for non-smokers or car insurance discounts for accident-free drivers. But wearable tech or telematics devices give insurers a better chance to understand you, which means it can accurately price your insurance policies for you specifically, instead of based on demographic statistics.

Featured videos

Latest articles by Megan Shepherd

35 articles written by this author

A to Z NFT collections directory

Read our reviews and guides on popular NFT collections to learn which collections suit your investment best. These guides break down price trends, sales and volume statistics, how to buy each collection and offer the information you need to make an informed decision before jumping in on a collection.

Megan Shepherd 8 February 2022
A to Z NFT collections directory

Dayforward life insurance review

Dayforward’s innovative income-replacement life insurance product appeals to many parents seeking simple life insurance solutions.

Megan Shepherd 2 September 2021
Dayforward life insurance review

Life insurance for people over 60

While it's common for Americans in their 60's to either be retired or approaching retirement, there still may be some beneficial value in investing in a life insurance policy. Compare your options and learn what type of policy will most fit your needs as someone over 60.

Megan Shepherd 30 August 2021
Life insurance for people over 60

Car accident statistics

Find out which states have the most and the least deadly car accidents per vehicle miles driven.

Richard Laycock & Megan Shepherd 17 May 2021
Car accident statistics

Best and worst states for Social Security Disability approval

Finder analyzes the easiest and hardest states to get disability in America, rating the top 5 best and worst states for disability approval.

Megan Shepherd 12 January 2021
Best and worst states for Social Security Disability approval

Ford Bronco car insurance rates

The Bronco’s off-roading performance may mean an increased car insurance premium. But its safety features could be an upside.

Megan Shepherd 10 July 2020
Ford Bronco car insurance rates

Home insurance stats

Compare home insurance risks across the US.

Megan Shepherd 27 September 2019
Home insurance stats

Renter’s insurance for roomates

Renters insurance can protect your stuff from a number of perils. But how to choose a policy if you have roomies depends on your insurer and where you live.

Megan Shepherd 25 July 2019
Renter’s insurance for roomates

Life insurance for the self-employed

A life insurance policy can help protect both your family and your business from financial hardship.

Leah Fallon & Megan Shepherd 16 April 2019
Life insurance for the self-employed

Methodology for rating car insurance companies

How we analyze and rank the top car insurance providers.

Megan Shepherd 28 February 2019
Methodology for rating car insurance companies
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