Auto Insurance Rates Drop in 2007

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Tim is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. He writes and creates stuff for QuickQuote and other insurance and financial websites...

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UPDATED: Feb 25, 2020

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Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts. recently released it’s ‘2007 Auto Insurance Pricing Report’, which shows auto insurance rates dropped 5.2 percent from 2006 to 2007. The average annual premium decreased from $1,965 to $1,868 during that period. The 2007 average premium is the lowest average premium for auto insurance in three years, according to the company.

The three states with the greatest decline were North Carolina (24.5%), Arizona (14.5%) and North Dakota (13.3%).

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