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Car Insurance Premiums Are Higher In 2009

ALTAMONTE SPRINGS, FL — August 1, 2009 — There is no easy way to say it. Unfortunately, car insurance costs more in 2009, but CarInsurance.com has found ways to help you compare and save! CarInsurance.com announced today the current trend of car insurance premiums in the U.S. In 2009, national car insurance rates are 12.25% higher than they were in 2008; many states are seeing moderate pricing improvements.

July saw an $8 increase in the national car insurance premium average. In June, the annual car insurance average for the U.S. was $1,804 and now it is $1,812. To date in 2009 the national average car insurance premium is $1,796. That is a 12.25% increase over 2008's national average car insurance costs. Rates at a national level appear to be stabilizing, so now is the time to shop for car insurance.

Regardless of what happens with the Cash for Clunkers bill, CPI will help consumers see that their state’s car insurance averages are changing. Even as national rates are higher in 2009, CarInsurance.com helps every nationwide consumer shop for car insurance. The federal program requires drivers to prove their car had continuous insurance for the last year. Using our simple car insurance quote form, you can compare car insurance quotes for your state to make sure you have insurance coverage if it is a requirement for any future government programs.

In addition to CPI, CarInsurance.com offers the largest car insurance website to help you save money on auto insurance. CPI is a broad indicator of pricing activity in the personal auto insurance marketplace; it is not a comprehensive index as it reflects only the quotes and changes of multiple companies CarInsurance.com represents. It is available here: http://www.carinsurance.com/Premium-Index.aspx

CarInsurance.com technology allows shoppers to compare car insurance rates from multiple insurance companies immediately. A few other websites allow shoppers to compare car insurance rates online. However, most websites offer a single company's rate or they sell your information to others. CarInsurance.com is a better solution.

Shoppers enter information one time in the CarInsurance.com insurance quote form. Then, CarInsurance.com contacts multiple insurance companies directly to provide an immediate comparison of rates. Shoppers see this comparison within 60 seconds. The rates are accurate since they come directly from the insurance companies. The CPI study reports the lowest average annual car insurance rates quoted to consumers that compare rates at CarInsurance.com. Shoppers can then purchase the selected policy immediately while remaining on the CarInsurance.com website. CarInsurance.com is a licensed independent agency that displays the best rates available. During the purchase process, the selected insurance company gathers all the available rating information to provide a final price along with the ability buy immediately.

CPI’s month-to-month comparison shows that most state car insurance premiums are improving. In almost every state, rates are up in 2009 compared to 2008's average auto insurance premium, but the monthly trend shows that month over month some state's average auto insurance rates are going down.