Inside The Mind Of An Automotive Geek
Tuesday, July 17, 2007
Car Insurance Rates Continue to Drop
How’s auto insurance doing? Flourishing or failing?
Insurance.com, America’s biggest online auto insurance agency, in its most recent report, said that car insurance rates continue to decrease depending on the geographical location. The company’s "2007 Mid-Year Auto Insurance Pricing Report" shows a national decline in annual premiums of 1% or approximately $20 so far this 2007.
Based upon data drawn from the lowest average car insurance rates viewed by almost 700,000 consumers in the first half of 2007, the Mid-Year Report gives interesting insights into state-specific pricing trends, as well as the general trends of insurance premiums.
“So far in 2007, we have seen a 1% decrease in car insurance rates from 2006,” says David Roush, the CEO of Insurance.com. “The national average premium in 2006 was $1,916, in 2007 that average has dropped to $1,896 - a modest decline but a nice reprieve considering the rising cost of gas.”
"Prices still vary considerably on a case-by-case basis, so it's essential to compare rates before making a purchase. Insurance.com makes it easy for consumers to compare rates and buy the policy that's right for them, either online or over the phone with knowledgeable licensed agents," the CEO concluded.
To find out more about Insurance.com's 2007 Mid-Year Auto Pricing Report, click here.
Insurance.com, America’s biggest online auto insurance agency, in its most recent report, said that car insurance rates continue to decrease depending on the geographical location. The company’s "2007 Mid-Year Auto Insurance Pricing Report" shows a national decline in annual premiums of 1% or approximately $20 so far this 2007.
Based upon data drawn from the lowest average car insurance rates viewed by almost 700,000 consumers in the first half of 2007, the Mid-Year Report gives interesting insights into state-specific pricing trends, as well as the general trends of insurance premiums.
“So far in 2007, we have seen a 1% decrease in car insurance rates from 2006,” says David Roush, the CEO of Insurance.com. “The national average premium in 2006 was $1,916, in 2007 that average has dropped to $1,896 - a modest decline but a nice reprieve considering the rising cost of gas.”
"Prices still vary considerably on a case-by-case basis, so it's essential to compare rates before making a purchase. Insurance.com makes it easy for consumers to compare rates and buy the policy that's right for them, either online or over the phone with knowledgeable licensed agents," the CEO concluded.
To find out more about Insurance.com's 2007 Mid-Year Auto Pricing Report, click here.
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