Auto Insurance Rate Trend - February 2009
According to insurance.com’s monthly RateWatch report for February:
- 21 states saw lower auto insurance rates on average vs. January
- 9 states experienced higher auto insurance rates on average.
- The remaining 20 states were either not included in the study (New York and Massachusetts) or experienced no significant changes in rates vs. the previous month.
- The 3 states with the highest rate increases included (Iowa 6.2%, Wyoming 5.4%, Utah 4.1%)
- The 3 states with the largest rate decreases included (Vermont 11.8%, DC 8.6%, Nebraska 7.0%)
Overall, auto insurance rates nationally fell to their lowest points since May, 2008, after an 8% increase for calender year 2008.
