Auto Insurance Rate Watch
Insurance.com published a neat report in the 3rd quarter of 2008, which tracked auto insurance rate trends across the country. The report can be found here (http://www.insurance.com/ratewatch/default.aspx)
Highlights of the report were as follows:
- Auto insurance quotes rose the 3rd consecutive quarter, reversing the trend in 2007
- The largest average auto insurance rate increases in 3q were found in: District of Columbia (8.3%), Nebraska (8.0%), Rhode Island (7.4%), Kansas (6.6%), Florida (4.9%)
- The largest rate decreases were found in: North Dakota (7.8%), West Virginia (7.0%), and Wyoming (4.5%)
- Shopping for a new auto insurance policy can yield huge savings. Of more than 5,000 drivers surveyed, nearly 60% saved over $400 per year, and 25% saved over $800.
Tags: auto insurance quotes, Auto Insurance Rates, auto insurance savings, auto insurance trends
