March Auto Insurance Rates Lowest Since 2009

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."

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