Where You Live Matters for Auto Insurance Rates According to Insurance.com Report

Jan 12, 2006, 00:00 ET from Insurance.com

    CLEVELAND, Jan. 12 /PRNewswire/ -- Insurance.com, the largest online auto
 insurance agency in the United States, reports a decrease in auto insurance
 rates depending on geographical location. The company's "2005 Auto Insurance
 Pricing Report" shows a national decline in premiums of 2% or approximately
 $60 in 2005.
     Insurance.com's report compares the average auto insurance premiums of
 nearly nine million customers from 2004 to 2005.*
     According to the report, 27 states experienced an increase in their auto
 insurance rates from 2004 to 2005.  However, many of the nation's largest
 states actually saw their rates decrease.  New Yorkers paid an average of
 $3,165 for automobile insurance in 2005 -- a 3.4% decrease from 2004. And
 Louisiana residents paid an average of $3,100 -- a 4.9% decrease from 2004.
     "Competition among the major auto insurers is at an all-time high and is a
 key factor driving down auto insurance rates in most markets," said Lou
 Geremia, President of Insurance.com.  "We anticipate rates will continue to
 fall in 2006, making frequent comparison shopping for auto insurance an
 important tool for consumers who want to save money."
 
     View the full report
 http://www.insurance.com/Article.aspx/Auto_Insurance_Rates_Decline_in_2005/art
 id/342
 
     About Insurance.com
     Insurance.com is owned and operated by ComparisonMarket Inc. in Solon,
 Ohio. The Insurance.com website enables consumers to instantly compare and buy
 competitive auto insurance quotes directly from any of more than a dozen
 leading insurance carriers. When ready to purchase, users have the option of
 completing the transaction online or talking 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, ComparisonMarket provides private labeled
 solutions to financial institutions, affinity groups and online marketplaces
 to offer real choice and savings opportunities on auto insurance.
 
     *Disclaimer
     While the "2005 Auto Insurance Pricing Report" is a broad indicator of
 pricing activity in the personal auto insurance marketplace it reflects only
 the pricing activity of carriers that have participated in the
 ComparisonMarket auto insurance marketplace in the states where it quotes (all
 states except Alaska, Hawaii, Massachusetts, New Jersey) and the aggregate
 profile of consumers who shop using the ComparisonMarket platform.
 
 
      Contact:
      Lou Geremia, president
      Insurance.com
      617-454-1140
 
 
 
      lgeremia@insurance.com
 
     This press release distributed by PRWEB (http://www.prweb.com/), a service
 of eMediaWire.
 
 

SOURCE Insurance.com
    CLEVELAND, Jan. 12 /PRNewswire/ -- Insurance.com, the largest online auto
 insurance agency in the United States, reports a decrease in auto insurance
 rates depending on geographical location. The company's "2005 Auto Insurance
 Pricing Report" shows a national decline in premiums of 2% or approximately
 $60 in 2005.
     Insurance.com's report compares the average auto insurance premiums of
 nearly nine million customers from 2004 to 2005.*
     According to the report, 27 states experienced an increase in their auto
 insurance rates from 2004 to 2005.  However, many of the nation's largest
 states actually saw their rates decrease.  New Yorkers paid an average of
 $3,165 for automobile insurance in 2005 -- a 3.4% decrease from 2004. And
 Louisiana residents paid an average of $3,100 -- a 4.9% decrease from 2004.
     "Competition among the major auto insurers is at an all-time high and is a
 key factor driving down auto insurance rates in most markets," said Lou
 Geremia, President of Insurance.com.  "We anticipate rates will continue to
 fall in 2006, making frequent comparison shopping for auto insurance an
 important tool for consumers who want to save money."
 
     View the full report
 http://www.insurance.com/Article.aspx/Auto_Insurance_Rates_Decline_in_2005/art
 id/342
 
     About Insurance.com
     Insurance.com is owned and operated by ComparisonMarket Inc. in Solon,
 Ohio. The Insurance.com website enables consumers to instantly compare and buy
 competitive auto insurance quotes directly from any of more than a dozen
 leading insurance carriers. When ready to purchase, users have the option of
 completing the transaction online or talking 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, ComparisonMarket provides private labeled
 solutions to financial institutions, affinity groups and online marketplaces
 to offer real choice and savings opportunities on auto insurance.
 
     *Disclaimer
     While the "2005 Auto Insurance Pricing Report" is a broad indicator of
 pricing activity in the personal auto insurance marketplace it reflects only
 the pricing activity of carriers that have participated in the
 ComparisonMarket auto insurance marketplace in the states where it quotes (all
 states except Alaska, Hawaii, Massachusetts, New Jersey) and the aggregate
 profile of consumers who shop using the ComparisonMarket platform.
 
 
      Contact:
      Lou Geremia, president
      Insurance.com
      617-454-1140
 
 
 
      lgeremia@insurance.com
 
     This press release distributed by PRWEB (http://www.prweb.com/), a service
 of eMediaWire.
 
 SOURCE  Insurance.com