Friday, April 26, 2024

Credit Card and Debt Statistics Database
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.

Auto Insurance on the Rise
Nationwide, the average cost of auto insurance jumped 50% between 1989 and 2005, but average per-car spending on coverage rose just 13% in California, according to the report. Other states where price hikes were held down, relatively speaking, included New Jersey with a 20% increase in that time period; Hawaii, 25%; New Hampshire, 30%; and Pennsylvania, 31%. States with the steepest rate changes were Nebraska, where average per-car costs surged 118% to $620 from $285 between 1989 and 2005, and South Dakota, where costs jumped 107% to about $565 from $274. Other high-increase states include: Montana, 104%; Wyoming, 101%; and Kentucky, 100%. Wyoming does not control rates, and the other four states require companies file notice of rate changes but don't require state preapproval of those changes.
        Categories:  Auto Insurance, Insurance
        Reporting Pub:  MarketWatch
        Reporting Date:  4/28/2008
        Article Title:  States with toughest auto-insurance rules see lowest rate hikes
        Article Author:  Ruth Mantell
        Pub's Source:  Consumer Federation of America
        Source URL:  View details from source
 

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