With a highly competitive market, auto insurance rates in New York have begun to decline. Strangely enough, New York drivers still shell out the third highest premiums in the country. The first being Louisiana who overtook New Jersey to pay the highest premiums for auto insurance....
>>>With a highly competitive market, auto insurance rates in New York have begun to decline. Strangely enough, New York drivers still shell out the third highest premiums in the country. The first being Louisiana who overtook New Jersey to pay the highest premiums for auto insurance.
Though the drop in the rates is comparatively better than the national average. New York auto insurance rates have dropped 2.8 % since 2006 while national average decline is 2.6%. The average premium for New York was pegged at $1,179 in 2007 ( the last year with available information), and $912 for the national average.
Experts say that the decline in New York auto insurances rates reflect that we are headed in the right direction, but are quite a distance away from affordable insurance. Though they've mention that the declines are still a boon to New York in recession. Though it is still stability that is most prized in the NY auto insurance game.
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http://www.nydailynews.com/ny_local/2009/12/04/2009-12-04_ny_drivers_insured_for_less.html
