U.S. Auto Insurance Averaged $1,570 Annually for March 2010
New figures from the CarInsurance.com Premium Index show that the cost of car insurance in the U.S. averaged $1,570 annually in March 2010. While this number may seem a bit high for some, it actually reflects an average that shows a decrease in auto insurance premiums for most states as compared to the same time last year.
Premiums Varied from State to State
While the average auto insurance premium for the nation was around $1,500, statistics from state to state varied a bit. For instance, if you live in New Jersey, the average rate for the area in March was $2,475. On the other hand, Iowa residents got off easy for the month, only having to pay an average of $992. Of course, many factors contributed to the average rates, but overall, the above numbers are what the states paid for the month.
Rates Expected to Stay Steady
According to CarInsurance.com, the rates are expected to stay steady for some time as they have fallen into this range for several months. Having an idea of what you could expect to pay for your auto insurance rates helps you decide what you want to pay then do something about it.
What can you do? Well, you could look for discounts to help lower your rates. You could also consider increase your deductible amount to lower your monthly premium. If you’re really determined, you could choose a car that offer lower auto insurance rates. And of course, you could always shop around for cheaper rates.
There’s always something special about knowing you’re getting a good deal on auto insurance. So if you’re not happy with your current premiums, now’s the time to do something about it!