Seattle, Washington (PRWEB) July 09, 2013
There are states that have cheaper car insurance than others, but this is normally due to lower population. According to a recent article published by Bloomberg on the 14th of June (http://www.bloomberg.com), even though California has a large population, people there enjoy cheaper rates now than two decades ago.
The article published by Bloomberg explains why this is: “Californians spent $746 on average in 2010, $2 less than in 1989, the year after voters gave more power to the state’s watchdog, the Consumer Federation of America said in a statement today. Americans spent $791 on average for auto insurance in 2010, up 43 percent from 1989. The voter proposition empowered the state’s insurance regulator to approve rate increases before they were enacted.”
Rate Digest concludes that many car insurance companies are not actually giving their customers the rates they deserve. If insurance companies can afford to continue to do business during increased government oversight, people should be less willing to pay the normal high prices that non-californians face.
Rate Digest suggests that consumers not wait for legislators to do the pressuring for them, and instead they advocate increased comparison shopping. This, they explain, should allow competition to lower rates.
One way consumers may efficiently comparison shop is through Rate Digest's quote comparison tool, which they freely provide without charge or obligation.
About Rate Digest:
Rate Digest is the unique provider of an online car insurance comparison tool. By simply entering their zip code, drivers can compare rates from national companies and find the rate that is best for their personal financial and vehicular situation.