Insweb has followed the lead of smartautoinsurance.com and insurance.com and has launched a device to track auto insurance rate trends. While insurance.com provides a monthy report, and we at smartautoinsurance.com maintain a daily auto insurance rate blog that keeps track of auto insurance rate trends on a more detailed level, insweb has announced the launch of an online tool that tracks the median price of an auto insurance policy on both a state and local level.
Insweb’s calculation is based on regularly updated auto insurance quote information from leading national auto insurance carriers as well as comprehensive profiles of InsWeb auto insurance shoppers. By tracking those quoted rates over time, they can deliver a “trend line” that should provide directional accuracy.
The tool will be available to the public via select partner sites of theirs.