Car Insurance Rates Increase Little More Than Consumer Price Index in the US | 24/7 Quote US

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December 4th, 2008

Car Insurance Rates Going Up Slower Than US CPI

Is Car Insurance Expensive?

Well, of course 247QuoteUS.com is the first to tell you that you could be paying more than you have to for car insurance. However, in fact, the prices of car insurance have not risen much more than the total consumer price index over the last few years. And in many years, the percentage of increase has gone down.

Consumer Price Index vs. Car Insurance Rates

In fact, the Insurance Information Institute (III.org) publishes data that while the consumer price index has risen 27.2 percent, the total auto insurance increase has been about 32 precent. This looks minor when you compare it to the 74 percent increase in hospital services.

Maybe You Are Just Paying To Much For Car Insurance

So if your own car insurance rates have been increased lately, that may because of something going on with your insurer. Another car insurance company may offer more affordable rates, and this is the time to save money - so shop around!