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Auto Insurance Rates Decrease Nationwide

For many drivers, the cost of protecting your vehicle – as well as yourself and your family – has actually decreased in the last decade (2001-2010). An independent study conducted by the Insurance Research Council (IRC), shows that in all 50 states and the District of Columbia, auto insurance has become more affordable to both lower and middle-income groups in the U.S.

Using a ratio of average auto insurance expenditures to income, the IRC study documented significant improvements in cost compared to the previous decade. The study attributes this decrease to several factors including:

  • More competitive auto insurance markets.
  • Lower rates of uninsured motorists.
  • More moderate compensation for injuries.
  • Lower unemployment rates.
  • Less regulation in the insurance industry.

The IRC also noted that despite a heightened interest among policy makers to address the issue of affordability, this study is really the first objective evidence that auto insurance prices have actually declined. It’s important to acknowledge though that responsible driving practices still provide an excellent opportunity for lowering your auto coverage rates – exercising safe behaviors behind the wheel is always the way to go!

For more information about the study, Auto Insurance Affordability, go to or send your  inquiry to