Report: Average auto insurance premium rose slightly in 2010

12/23/2012 | PropertyCasualty360

A report from the National Association of Insurance Commissioners shows Louisiana and Washington, D.C., led the U.S. in costliest auto insurance coverage in 2010, when average premium and expenditure rates increased less than 1%, compared with figures from the two previous years. The increase indicates a general trend in pricing and is likely to continue in 2013 because of factors including weather-related insured losses, said Robert Hartwig, president of the Insurance Information Institute. "We don't expect to see radical changes in the numbers, but we do expect to see a general upward drift in the numbers," Hartwig said.

View Full Article in:

PropertyCasualty360

Published in Brief: