Auto Insurance Rates Rise for 2008 4th Quarter

Auto insurance rates have seen the third consecutive rate increase in the fourth quarter of 2008. The average cost of car insurance in the United States increased by $56 since the last quarter from $1,893 to $1,949 per year. This represents a 3% increase in auto insurance rates across all American states.

Some States See Higher Increase Than 3%

16 states have seen their auto insurance premiums increase over the national average of 3%. These states include: Arkansas, Delaware, Maryland, New Mexico, North Carolina, Ohio, South Carolina, South Dakota, Texas, Utah, and Washington. The most notable increases include D.C. which saw an 8.3% increase, Nebraska with 8.0%, Rhode Island with 7.4%, Kansas with 6.6%, and Florida with 4.9%.

Comparing Auto Insurance Rates Saves Money

People who used our site as of July 2008 save $595 on average on their auto insurance. Simply by comparing rates from multiple companies gives you a  better chance of finding the lowest rates.