$4 Gallon Gas Should Lower Auto Insurance Rates for Many Consumers (PDF; 162 KB)
Source: Consumer Federation of America

As the price of gasoline tops four dollars a gallon nationwide, the Consumer Federation of America (CFA) today released an analysis showing that consumers who are driving less could save an average of 5 to 15 percent on their automobile insurance rates – about $47 to $142.1 (Potential average savings by state are shown below.) While skyrocketing fuel costs have created great hardship for many consumers, these increases could mean immediate savings on automobile insurance as drivers react to high gas prices by using mass transportation, car-pooling, taking fewer trips to the store or curtailing their vacations.

This entry was posted on Wednesday, June 11th, 2008 at 10:22 pm and is filed under Consumer issues, Energy, Motor vehicles. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.