CLEVELAND, OH - October 1, 2007 - Insurance.com, the largest online auto insurance agency in the United States, reports that car insurance rates continue to decrease depending on geographical location.
What does this mean for auto insurance rates in Philadelphia County? Residents actually saw a 5.6% increase, with average car insurance premiums rising from $2,972 in 2006 to $3,140 in 2007. A noticeable increase for persons with auto insurance in Pennsylvania.
Insurance.com's "2007 Mid-Year Auto Insurance Pricing Report" shows a national decline in annual premiums of 1%, or approximately $20 so far in 2007.
Based upon data drawn from the lowest average car insurance rates viewed by almost 700,000 consumers in the first half of 2007, the Mid-Year Report gives interesting insights into state-specific pricing trends, as well as the general trends of auto insurance premiums.
"So far in 2007, we have seen a 1% decrease in car insurance rates from 2006," says David Roush, CEO of Insurance.com. "The national average auto insurance premium in 2006 was $1,916, in 2007 that average has dropped to $1,896 - a modest decline in car insurance rates, but a nice reprieve considering the rising cost of gas."
"Prices still vary considerably on a case-by-case basis, so it's essential to compare rates before making a purchase. Insurance.com makes it easy for consumers to compare auto insurance rates and buy the policy that's right for them, either online or over the phone with knowledgeable licensed agents.".
About Insurance.com's 2007 Mid-Year Auto Insurance Pricing Report
Insurance.com's Auto Insurance Pricing Report highlights the lowest average car insurance rates viewed by almost 700,000 car insurance consumers on the Insurance.com platform in the first half of 2007. The information comes from actual auto insurance quotes consumers received from over a dozen of the nation's leading auto insurance companies who participate on Insurance.com's comparative auto insurance platform.
While the Insurance.com's 2007 Mid-Year Auto Insurance Pricing Report is a broad indicator of pricing activity in the personal auto insurance marketplace on a per household basis, it is not a comprehensive index as it reflects only the pricing activity of carriers that have participated in the Insurance.com auto insurance marketplace in the states where it quotes (all states except Alaska, Hawaii, Massachusetts) and the aggregate profile of consumers who shop using the Insurance.com platform.
Insurance.com, based in Solon, Ohio, is owned and operated by Insurance.com, Inc. Insurance.com enables consumers to instantly compare and buy competitive auto insurance quotes directly from more than a dozen leading insurance companies. When ready to purchase, users have the option of completing the transaction online or talking directly to an unbiased licensed agent. Other products include life, health and home insurance as well as travel, dental and pet health insurance. Insurance.com also operates 4insurance.com.
In addition to Insurance.com, the company provides private labeled auto insurance solutions to financial institutions, affinity groups and online marketplaces to offer their customers real choice and savings opportunities on auto insurance rates.
For inquiries, please contact us at MediaRelations@Insurance.com.
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