Compare Auto Insurance Quotes - Cheap Auto Insurance

The Auto Finder can assist you with locating low cost auto insurance from the most reliable providers available! Our team of auto insurance experts have been researching which companies offer the most coverage with the lowest rates possible and you will find them listed below.

Click Here for Great Deals from 21st Century Auto Insurance!

Insurance, Don't leave home without it!

Most states require that you have auto insurance on your car, truck, or van.   Most banks require auto insurance before you receive an auto loan.  Depending on the price paid for a used car, you should ask about full coverage insurance prices.  Laws differ from state to state. The sites listed below will help you with the laws in your state and give you free quotes.

Auto Insurance Companies Facing Losses

Due to an unstable financial market auto companies have been feeling the pinch and the news is ripe with tales of more banks failing. There are auto loans out there that are just not being paid, and even worse there are ones that are not being taken out which is leading to a loss for the auto industry.

However, now the auto insurance companies are starting to feel the same pinch. With less people driving due to the high price of gas, the auto insurance companies are losing clients as well.

In some cases people just can’t afford their auto insurance any longer so they are letting it lapse – yet still driving. In other cases, their cars are sitting in their driveways as they cannot afford the gas to run them, so they are canceling their policies as well.

Some auto insurance companies are feeling it from the states where they are located as well. States like New York and Maryland are wanting to know why auto insurance companies are charging higher rates when people are driving less. They are not allowing for rate increases or they are making them justify an increase they apply for.

The auto insurance companies claim that they are suffering financial losses as lost and unpaid policies continue to pile up. However, the states and their residents say that they are having a hard time believing that.



Back to October 2008 Archives


 

Find out what's new, Check invoice price, Compare Vehicles, Car Buying Guide!

 
 
© Copyright The Auto Finder