Home / Car Insurance / Auto Insurance – The Rates War

Auto Insurance – The Rates War

For those who are keen followers of auto insurance news across the nation, you would be aware of the current war raging in the state of Wisconsin over the intended slash of auto insurance rates by up to 20%. This is an interesting piece of news which of course is not being welcomed by insurance companies. How does affect the rest of the nation?

There is a move currently to get support for this move. Signatures are currently being sort so it can get to the next voting ballot. Of course the insurers are also busy telling anyone who cares to listen the negative effects this would have both on the economy and the service rendered. Well, where do you stand?

The information we have says that generally, automobile insurance has reduced by about %18.1 across the U.S.

In New York known to be the 5th most expensive state, the rate of decline of vehicle insurance rates is put at about %20.3 this year.

With all the forces in motion, every driver would be watching to see how it affects him/her. With regards to gender, men in every state who seem to more easily accept paying higher rates. As it is now, they pay about %12 more on rates than women in a year, young drivers who pay almost %100 more than drivers 60 years above because most accident cases involve young drivers and all other driver.

The average New york driver is said to spend about %4.58 of their gross income on auto insurance premium while in Louisiana, a driver spends up to %6.70 of their gross income on car insurance coverage.

Whatever the case maybe in every state, everyone would favor a reduction in rates. To get current information regarding this, visit insurethepoor.com

You can also look for ways to lower your rates by getting quick auto insurance quotes. Getting quick auto insurance quotes from quotes comparison sites can help you lower your rates even before bills to lower rates generally are passed.

About mbuoti

Check Also

Car Insurance Costs Teens – How Much Cost For An 18 Year Old?

Teen car insurance is a must, almost obligatory to protect both car and the teen. …

Leave a Reply

Your email address will not be published. Required fields are marked *