October 23, 2007
Insurance.com Report: Auto Insurance Rates Continue to Decrease
CLEVELAND, OH - October 23, 2007 - Insurance.com, the largest online auto insurance agency in the United States, reports that car insurance rates are continuing to decrease depending on geographical location. The company's "2007 Third Quarter Auto Insurance Pricing Report" indicates that the national decline in annual premiums has continued with a 1.5% decrease in car insurance rates from 2006.
Based upon data drawn from the lowest average car insurance rates viewed by over 1 million auto insurance consumers in the Insurance.com 2007 platform through September 2007, the Third Quarter Report confirms that state-specific trends in pricing continue to be relevant.
"Currently, we're seeing a national average premium of $1,887. That's down from $1,917 in 2006, but it still varies considerably depending upon location and other factors, " says David Roush, CEO of Insurance.com.
"Because prices vary considerably on a case-by-case basis, it's essential to compare rates before making a purchase. Insurance.com makes it easy for consumers to compare rates and buy the auto insurance policy that's right for them, either online or over the phone with knowledgeable licensed auto insurance agents."
Read Insurance.com's 2007 Third Quarter Auto Insurance Pricing Report to find out more.
About Insurance.com's 2007 Third Quarter Auto Insurance Pricing Report
Insurance.com's 2007 Third Quarter Auto Insurance Pricing Report highlights the lowest average car insurance rates viewed by almost 1 million auto insurance consumers on the Insurance.com platform in the third quarter 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 in Insurance.com's comparative auto insurance platform.
While the Insurance.com 2007 Third Quarter 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, and 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, a ComparisonMarket Company. Insurance.com enables consumers to instantly compare and buy competitive auto insurance quotes directly from more than a dozen leading auto 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.
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 car insurance rates.
For inquiries, please contact us at MediaRelations@comparisonmarket.com