The auto insurance companies want your money! We'll help you decide
which car insurance quote is right for you!
Choose Your State Below For Approved
InsuranceSalesman.com
Auto Financing
|
There are literally thousands of auto insurance companies and
it can sometimes seem like a mindfield deciding which ones offer
the best service and value for your car insurance needs.
According to the Insurance Information Institute
auto insurance companies are projected to increase the cost of auto
insurance to an average consumer expenditure of $898 per year
in 2004. That represents an increase of $51 per vehicle, or 6% over
2003 rates. And compares to nationwide averages of $718 in 2001.
It is also interesting to look at the breakdown
of those figures, and which states are particularly cheap or expensive.
The most expensive state to live in for 2001, as least as far as
car insurance is concerned, for example was New Jersey, where the
average amount handed over to auto insurance companies was $1,027.71.
The cheapest was South Dakota where the average car insurance cost
was $510.42. A really quite dramatic difference that illustrates
that the location you live in the United States can affect your
insurance premium by upwards of 50%!
Of those moneys that go to pay the
insurance companies in 2002 the Insurance Information Institute
estimated that 75% went on claims, 23% on expenses such as commissions
to brokers etc and 1% each on Tax and Profits. It is also sobering
to realise that out of the total money paid to auto insurance companies
in premiums that $13 out of every $100 is spent on Lawyers fees.
So it is well worth considering what effects a car accident could
have on your bank balance if the other party decided to sue for
damages. We consider the different aspects of what you should be
considering with your auto insurance
here, and also present some good auto insurance companies that
you might want to consider for a quote.
|
Link
To Us