Smart Auto Insurance Blog

According to the article “Auto Insurance Industry Improving…Will Rates Decrease?” by Brad Ricahrds posted on WorldBreakingNews.com, the auto insurance industry has reported slight growth over their 2009 results.  They are hopeful this means the industry is making an upward turn for the long haul and will result in lower auto insurance rates over time.

During tough times many drivers cut back to the most basic auto insurance coverage possible to save money.  Some carry no coverage at all.  As the economy picks up again, consumers start upgrading their insurance protection which is good news for auto insurance companies.  Many are hoping that this recovery will cause auto insurance rates to go down.

A new bill, Proposition 17, is expected to pass and will require auto insurance companies to give discounts to car owners that have had auto insurance protection for periods of time.  It’s expected to work as a reward system for loyal customers but is could reduce overall auto insurance rates for many drivers on the road.