Is the average automobile insurance cost the same regardless of the company?”
Average Auto Insurance Rates According to the results of an online study, average auto insurance rates in 2008 are on the rise. At the lowest end of the car insurance rate scale, the average cost rose by just over 1% over the first quarter of the year, which worked out to $1,830 per year. Back in 2007, average rates for automobile insurance either held steady or fell during the year. The rate that drivers pay for their car insurance varies by state, company and policy. In some parts of the United States, the average increase was quite sharp. For example, the cost of getting insurance coverage in Florida rose an average of 6.6 % in the first quarter of 2008. Ohio drivers also had to dig deeper to pay for coverage; in that state, the average cost to insure a vehicle went up 4.8 %. States Where Average Car Insurance Rates Increased 1. Pennsylvania drivers can expect to pay 4.2 % more to insure their vehicles over 2007 rates. This price increase occurred in spite of the fact that Pennsylva
As we all know, costs of insurance premiums differ depending on dozens of different factors. I will remind you that this is not concrete data, the figures below are what estimate to be average costs of auto, health, life and homeowners insurance premiums. How do we get our estimates? We take average cars, average home costs, average family size and ages to determine what we feel are sound averages. So insurance costs differ and some of the reasons insurance premiums differ are related to ones location, ones age and even the frequency of payment can fluctuate an insurance premium. Yes, in some instances if you agree to pay for the whole year in advance you can get a discount on your insurance premium. Those that pay monthly will likely miss out on the discounts provided by paying less frequently. Location seems to play a big role in how actuaries and underwriters determine insurance premiums. This makes sense in certain instances such as a home insured in a coastal state where damage fr
