Tag: cost of auto insurance

Report highlights growth of auto insurance rates in the US

Logan B.
California Auto Insurance

Auto insurance rates have been on the rise for the past 25 years The Consumer Federation of America has released a new study highlighting auto insurance rates throughout the U.S. According to the study, auto insurance rates have been on the rise for the past 25 years. The only state that has shown any significant average decrease in these rates has been California. As auto insurance rates continue to rise throughout the country, coverage may be getting too expensive for some drivers to afford. This could lead to many people…

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Auto insurance competition helps U.S. drivers

Julie Campbell
Auto Insurance rates and prices

It is believed that this heavily regulated industry keeps its prices down because of the need to compete. The Insurance Information Institute (I.I.I.) has released a report that has stated that even though the auto insurance industry is extremely regulated in the U.S., the high level of competition within the marketplace is making sure that coverage is broadly available to motorists and stays affordable. The cost of this coverage has been increasing at a slower rate than gasoline and healthcare, said the I.I.I. In response to a Consumer Federation of…

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Auto insurance rate calculation factors may harm lower earners

Julie Campbell
auto insurance premiums

Americans whose incomes aren’t as high are being viewed unfavorably by many vehicle insurers. A number of large auto insurance companies in the United States are still using a driver’s education level and occupation as factors that are used in the calculations of his or her rates. A recent report is suggesting that this practice is pricing out earners in the low and moderate income brackets. The Consumer Federation of America has now released a report that has looked into the impact of the behaviors of auto insurance providers when…

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Auto insurance is becoming more expensive for Newark drivers

H. Cutner
auto insurance

New Jersey motorists are paying a lot more than they were last year, according to a recent report. Drivers across New Jersey are finding that their auto insurance rates have been on the rise, and not just by a small amount, but by a noticeable degree. The increases that drivers are seeing differ from one part of the state to the next. For example, Brick City residents are finding that the amount that they have been paying has shot upward. In fact, they are forking out an average of $2,780…

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Auto insurance highest in Louisiana yet again

Louisiana Auto Insurance rates

The latest comparison of rates among the states has held the state as the most expensive, once more. According to the latest statistics from Insure, a comparison of the average auto insurance rates in March have shown that Louisiana drivers pay the highest amounts in the entire country. The next state after Louisiana in terms of the highest expense for coverage was Michigan. Louisiana drivers pay an average annual auto insurance rate of $2,699, while Michigan motorists pay an annual average of $2,520. In third place was Georgia, where the…

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Auto insurance fees may be relaxed in Florida

Logan B.
auto insurance

Florida considers putting an end to some fees  that make auto insurance coverage so expensive Florida is home to some of the most expensive auto insurance coverage in the U.S. This is partly due to the state’s no-fault auto insurance laws and the fees associated with coverage. The regulations governing auto insurance in the state have made fraud very prevalent, which has also contributed to the increasingly expensive nature of coverage. This week, Florida lawmakers have been working on a plan to give the state’s drivers some respite from the fees…

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Auto insurance prices vary widely from one state to the next

H. Cutner
Auto Insurance discounts

The states that have the most and least expensive premiums have been revealed by a recent study. It is no mystery that where a driver lives will have a notable influence over what he or she will pay for auto insurance coverage, but a recent study has now identified the states that have the most and least expensive coverage, and there is a vast difference between them. Even with a perfect driving record, location of residence can play a tremendous role in what is paid. For instance, in Louisiana, drivers…

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