Research Reveals Nationwide Auto Insurance Dropped
According to recent research revealed by the National Association of Insurance Commissioners according to 2007 data, the average U.S. auto premium rate dropped by nearly three percent from 2006. According to the findings, which is the most recent data available from the association, Washington, D.C. was paying the most for their insurance in 2007.
What the Study Revealed
Among those states that had the highest average annual premium paid in 2007 were:
- Washington D.C. – $1,139.82
- New Jersey – $1,105.53
- Louisiana – $1,095.97
- New York – $1,047.24
- Florida – $1,042.74
Here is a short list of states that paid the lowest average annual premiums in 2007:
- Idaho – $564.00
- Nebraska – $554.04
- South Dakota – $533.65
- Iowa – $517.62
- North Dakota – $511.79
The study revealed that nationwide auto insurance costs dropped from $816.22 in 2006 to $794.98 in 2007 – a three-percent increase.
Finding Affordable Coverage
If you’ve found that your rates have increased in the past few years, it may be time make some changes to the way you’re managing your current insurance policy. First, you could check with your insurance provider to see if there are discounts available to help lower the rate. Also, you could consider raising your deductible, which in turn could decrease your premium.
If none of these options provides the deduction in costs you’d prefer, you could also shop around for coverage through a different provider. It’s simple to shop online with sites like Go Insurance Rates. So if you’re ready to see a real drop in your rates, now’s the time to explore your options.
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