Auto Insurance Rates Dropped in May
Auto insurance premiums were the lowest they have been in May since September 2008 according to an article on IFAWebnews. The average rate dropped to $1871 in May. It was as high as $1950 back in September, 2008.
This lower premium comes at a good time since industry experts believe that new car sales will be increasing by as much as 9% in June over May as dealers try to get rid of 2009 cars to make room for the new 2010 cars. This will thrust more auto insurance buyers into the market. As expected, new car sales have been behind throughout the year as consumers try to cut back due to the economic conditions.
Tags: Affordable Auto Insurance, Auto Insurance Premiums, Auto Insurance Rates
