Drivers Still Paying Too Much for Auto Insurance in NY

 
New York drivers have the third highest rate for auto insurance in the country. This is hard for them to believe as many New Yorkers, at least within the city, don’t even drive! Those that live outside of the city, or in upstate New York say that they have drastically reduced the amount that they are driving, and so they don’t understand why their auto insurance rates are so high.
 
Their auto insurance rates have dropped to 10.7%, yet the national average is 4.7% - this is a significant difference in auto insurance rates. Consumers want to know why they are paying so much when they have made a concerted effort to cut their travel times – but the auto insurance companies say that not enough people are cutting their driving habits. They also say that there are too many uninsured motorists out there because of the poor economy, and they this is part of the reason that the auto insurance rates are so high.
 
They are paying, on average, around $1,179 for their auto insurance, second only to Louisiana and New Jersey. Iowa has the lowest average for auto insurance coming in at $620 a year, followed by Wisconsin and North Dakota who are $642 and $658 respectively. Experts say that the change in auto insurance rates shows that they are headed in the right direction, but consumers say that it is just not fast enough.
 
The biggest problem they are facing now is that with the economy being as bad as it is, they are looking at more consumers choosing not to get auto insurance at all. They say that this will lead to rates going up again for those that choose to keep their car insurance, and eventually they will have to drop as well.

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