Tag: auto insurance rates

New Jersey auto insurance is once again found to be most expensive

Julie Campbell
auto insurance woman female

A report has shown that for yet another year, N.J. drivers are paying the highest premiums for coverage. The results of the annual National Association of Insurance Commissioners (NAIC) study on the cost of auto insurance has now revealed, once more, that the average driver in New Jersey is paying more than motorists in any other state in the country. The average amount that drivers paid for their policies in 2012 was an annual $1,220, higher than any other state. This represents the third year in a row that drivers…

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Drivers may be paying too much for auto insurance coverage

Nordstrom
auto insurance car headlights

Survey suggests that drivers are paying more than they should for insurance coverage Many drivers in the United States may be paying too much for auto insurance coverage, according to a survey from NerdWallet. The survey drew information from 1,000 zip codes throughout the country, including the average rates that insurance companies charge for covering drivers and their vehicles. The survey found that, on average, prices in auto insurance coverage varied by 154% based on zip code. NerdWallet suggests that those shopping around for coverage could find significant savings. Drivers…

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Auto insurance rates in Detroit continue to be a financial burden

S.Vagus
Auto insurance - Detroit flag

Insurance coverage for drivers in Detroit continues to grow more expensive Rising auto insurance rates in Detroit may be hindering the city’s economic recovery. Consumers throughout the city have seen their insurance rates soar in the past year. Detroit has been recovering from a record breaking municipal bankruptcy, which has served to make the city somewhat financially unstable. In December of 2014, the city was able to break free of this bankruptcy and its implications, but rising costs of auto insurance coverage could slow further recovery. High insurance rates make…

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Auto insurance rates are on the rise in the UK

Marc
auto insurance car future

Insurance rates are growing in the United Kingdom, and there may be no end in sight Auto insurance rates in the United Kingdom has grown for the first time in two years, and they may continue to rise in the coming years. According to AA Insurance, rates throughout the country are on the rise due to numerous factors. Changes in the national market, new trends emerging among drivers, and other factors can influence the cost of auto insurance. The losses that insurance companies see from natural disasters and other market…

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Auto insurance is too expensive for low income drivers, study

H. Cutner
driver car

Research conducted by the Consumer Federation of America has shown that this coverage is tough to afford. A recent report has been issued by the Consumer Federation of America (CFA), which reveals that the vast majority of Americans (76 percent), feel that minimum liability auto insurance coverage for under $500 per year is a fair amount to pay, and 40 percent believe that drivers should have to pay an amount under $250 per year. That said, the five largest vehicle insurance companies in the United States do not offer that…

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