Jan 30
National Auto Insurance Report Shows Insurance Rates Fall 5.2% in 2007
According to Insurance.com, the average auto insurance premium is $1,868 down from $1,965 in 2006. They report that car insurance rates in 2007 were at their lowest in 3 years…falling 5.2 percent nationwide from 2006.
The “2007 Auto Insurance Pricing Report” is a compilation of the lowest car insurance rate quotes given to the 1.4 million consumers who visited Insurance.com in 2007. Other notable survey findings include:
* States seeing the sharpest decline in car insurance rates in 2007 are North Carolina (24.5%), Arizona (14.5%) and North Dakota (13.3%).
* States seeing the sharpest decline in insurance rates since 2004 are Minnesota (36.9%), Colorado (34.7%), and Texas (31.1%).
* North Carolina, Washington DC, Delaware and Maine saw the first fall in prices since 2004.
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