Average auto insurance premium and expenditure rates rose byless than 1% in 2010 from the previous two years, with Louisianaand Washington D.C. holding the top spots for the most expensivestates to insure a car, according to the National Association ofInsurance Commissioners' latest figures.
The NAIC released its 254 page “Auto Insurance Data Base Report2009/2010” this week, its latest report on the auto insurancemarket, which shows average premiums and expenditures rose close to$6 nationally to $907.38.
Insurance Information Institute President and Chief EconomistRobert Hartwig says that the figures underscore a general patternin auto-insurance pricing.
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