According to the press release found on PRNewswire.com “Auto Insurance Report: Prices Have Risen Steadily Since 2007? a report recently delivered by the Insurance Information Institute’s senior VP and chief economist, Steven N. Weisbart, shows an upsetting trend of increasing auto insurance rates throughout the nation.

This report shows that from 2005-2007 cheaper auto insurance quotes were easier to find and since then rates have been on the rise.  Estimates have national average expenditures rising by a higher and higher percent each year for a total of 12.5% overall.  This trend is problematic since unemployment is up and many Americans are struggling financially.

More than ever it’s important to shop around and the Federal Citizen Information Center released a tip sheet for consumers to learn ways to reduce auto insurance costs.  The strategies in the list offer ways to save many people a lot of money.  Many state regulators are encouraging residents to get multiple quotes to ensure they are getting the best deal on auto insurance rates in this economy.

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