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Contributed by mm | August 19, 2006 10:28 PM PST
A National Association of Insurance Commissioners (NAIC) study cited by Bankrate revealed that highlights the dramatic difference on average car insurance premium charged in different states. Can you believe that New Jersey residents have to pay nearly double the premium of those living in Iowa?
From Bankrate:
The top six states in average combined premiums paid all were in the traffic-choked northeast corridor, led by New Jersey, New York and Washington, D.C.
In those three, followed closely by Rhode Island and Massachusetts, drivers paid annual average premiums in excess of $1,000 -- almost double the average prices paid by motorists in Iowa, Maine and Idaho and about a third more than the national average.
The figures come from a study compiled by the National Association of Insurance Commissioners (NAIC), which says the term "combined premium" comprises liability, collision and comprehensive coverage. The figures are for 2001, the last year for which full figures are available.
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Different Business Models for Auto Insurers (August 21, 2006)
This Fool.com's feature can be seen as a great description of different business models employed by the top auto insurers. Smart buyers of auto insurance can learn the pros and cons of dealing with different players in the industry by reading this.
Most and Least Expensive Cars to Insure (August 20, 2006)
Think carefully before you choose the model of your next car? Not only for gas economy, but also for insurance premium. Every dollar counts! Most Expensive Cars to Insure: 1. Mitsubishi Lancer Evolution 2. Mercedes CL 3. Dodge SRT-4 4. Subaru Impreza WRX 5. Jaguar ...
Nine Ways To Lower Your Auto Insurance Costs (August 15, 2006)
If there is only one tip about getting the best car insurance, it will be comparison shopping. Internet has allowed seamless armchair shopping experience to scout for the most affordable auto insurance. Take action!
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