Average expenditures for Ohio car insurance policies rose 5.1 percent between 2009 and 2011, according to a new report from the Ohio Insurance Institute (OII).
The OII, a trade association representing home and auto insurers throughout the state, says it projects that the average expenditure for an Ohio auto policy in 2011 was $648.
According to OII estimates, the average Ohioans expenditure hit a low in 2009, when it was estimated to have been $616.
The national average is estimated to have been $856.
OII projections are based off a combination of data from the National Association of Insurance Commissioners on average expenditures, Bureau of Labor Statistics data on price trends and state regulatory data on effective rate changes from the states 10 largest coverage providers.
The last time the OII estimated price changes for auto coverage, it anticipated a 2.8 percent jump in prices between 2008 and 2009.
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A sharp increase in claims have been driving up auto insurance and homeowner premiums in the state of Florida, although the state has not been hit by a hurricane since the last five years, a new study has shown.
In the last six years since Hurricane Wilma hit Florida, there has been a sharp rise in ‘everyday claims’ as well as the new and reopened claims from the past storms, that have gone up by 80%.
Lynne McChristian who is Florida’s representative for the Insurance Information Institute has stated that Insurers are seeking rate increases based on a number of factors. They
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The California Insurance Commissioner announced on Friday that a 10.7 percent rate reduction had been approved for Geico policyholders. The anticipated rate decrease will come into effect on Aug. 15, according to a press release from the commissioner’s office.
L.A. Customers to Save Average of $238 a Year
According to Commissioner Dave Jones, Geico policyholders in certain areas will save more on their auto insurance coverage than others. But on the whole, the entire state will see significant savings.
For instance, in Los Angeles, customers are expected to save an average of $238 on their premiums a year. P
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If you are a car owner residing in Lincoln, AL or any city in Talladega County and you want to lower your auto insurance rates, the first thing you need to do is be conscious of your driving habits. How you drive greatly affects how much you pay for car insurance premiums. Even one speeding ticket can cause premiums to increase. Some auto insurance providers give a substantial discount if you maintain a clean driving record for as little as six months, while others require longer, but the bottom line is: keeping your driving record clean lowers car insurance premiums.
Aside from being a conscious driver, you can follow these simple, but effective ways to help you lower car insurance rates:
1.
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For 2010, you’ve made a conscious choice to start saving wherever you can – starting with finding the best auto insurance rates for your car. Well it’s February now, and you probably aren’t doing half as well as you thought you would in the savings department. And while we can’t help you with that, we are experts on helping people save on their car insurance premiums.
Finding the best auto insurance rates in 2010 isn’t a difficult endeavor. Not by a long shot. You can use helpful online insurance comparison sites like ours to find and compare free insurance quotes, or you can call up an agent. We recommend you use our service as it’s free and you’ll get results in a few seconds after entering your information.
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Jason Potash : Everyone talks about online auto insurance quotes to get low car insurance rates? Will this really work in 2010- or is it advisable?
Response : Getting online auto insurance quote is a really tricky decision to make but it is not a matter of real worry, once few things are kept in mind, you can easily seek an online auto insurance quote. Let me tell you that you can do it since you have only one goal or focus in mind getting a low car insurance rates.
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