CLEVELAND - April 6, 2010 - March marked the second consecutive month the average cost for car insurance dropped, according to insurance.com's RateWatch for Car Insurance.
Auto insurance rates decreased nationally in March, falling by $31. The lowest average annual car insurance quotes dropped from $1,836 per year to $1,805 annually. This almost matches last year's lows of $1,804 and $1,803 in September and October respectively.
Rates rose slightly in December 2009 and January 2010, then dipped again in February. March's average rates are the lowest since October 2009 ($1,804) - nearing two year lows.
"Our customers are seeing the lowest auto insurance quotes in nearly two years" says Sam Belden, VP, insurance.com "This is the perfect time for people to shop, compare rates and trade in that old insurance policy for something new. You can consider it part of your spring cleaning ritual."
Insurance.com is the leading online independent auto insurance agency in the United States. Our innovative technology allows consumers to link directly to the rating systems of more than a dozen top insurance companies. We streamline the shopping process for consumers, empowering them to instantly compare rates and make the smartest decisions for their insurance needs. Since 2000, millions of drivers have benefited from using our online shopping experience or speaking with our expert, licensed agents by phone. Headquartered in Solon, Ohio on the outskirts of Cleveland, insurance.com also offers information for life, health and home insurance.
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