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Insurance Rates at Lowest Point in 12 Months

CarAccording to Insurance.com’s RateWatch for car insurance, average annual auto insurance rates held steady in May 2009 at $1871 – the lowest they have been in more than a year. This is good news for drivers who had been paying as much as $1950 in September 2008, and it’s great news for drivers looking to buy a car.

“While new car sales are still down compared with last year, car shopping website Edmunds.com predicts that June new car sales will be up almost 9% over May 2009,” said Sam Belden, Vice President at Insurance.com. “Whether you are shopping for a new or used car, and save thousands of dollars in the long run.”
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