Auto Insurance Rate Trend - March 2009
Thursday, April 30th, 2009According to insurance.com’s monthly Car Insurance Rate Watch Report, average car insurance rates in March decreased in 19 states (compared with February). Rates were higher in 15 states on average and basically unchanged in 13 states.
The 5 states that enjoyed the largest rate decrease in March were:
- Arizona
- Virginia
- New Hampshire
- Texas
- Georgia
The 5 states where average car insurance rates increased the most in March were:
- South Dakota
- Nebraska
- Minnesota
- Maine
- West Virginia
In addition, insurance.com found that two-thirds of March auto insurance shoppers were seeking a new policy because their rate was too high, or they received their bill and the rate had gone up.
