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(EMAILWIRE.COM, April 11, 2012 ) Seattle, WA - The United States economy is showing elementary signs of recovery, but jobless rates hover at over 8%. http://www.Insurance4Cheap.info , a leading website for Americans to find cheap insurance analyzed how the depressed US economy has affected car insurance rates and the ability of Americans to find cheap car insurance.
When asked for the motivation of the study, Insurance for Cheap founder Kurt Vanagan responded, "the United States economy has been suffering for years now. There are currently some signs of improvement, but that improvement has not been felt by the majority of Americans. Our goal has always been to help our fellow US residents save money by finding cheap insurance. The form of insurance nearly all Americans are mandated to carry is car insurance. We wanted to see if a depressed economy led to cheap car insurance rates, or if it resulted in Americans having to pay more for their auto coverage."
Insurance for Cheap used various resources to conduct their analysis. One resource they relied on was the National Association of Insurance Commissioners, http://www.naic.org/. Along with the NAIC studies and other resources http://www.insurance4cheap.info was able to construct a model of the affects of the recession on auto insurance.
When asked about the findings Kurt responded, "we were surprised by what we found. The main driving factor we discovered affecting car insurance was joblessness. Many people abandoned car insurance altogether due to tough economic situations and others went from a two car family to a single car family. Another interesting discovery was many people migrated to other states in search of work, which ultimately affected their car insurance rates."
The final results of the study showed that Americans are indeed paying less for car insurance. Mainly, the reduced rates are due to insuring less expensive vehicles and downsizing the number of vehicles per household. It is unclear if overall rates have declined or simply the amount of coverage being purchased has decreased. You can read more about the study at http://www.insurance4cheap.info/has-the-us-economic-crisis-affected-car-insurance-rates.
About www.Insurance4Cheap.info
Insurance for Cheap is an online resource for Americans in search of cheap insurance. They offer easy to read explanations of insurance terms and policy types. Americans that are interested in finding cheap car insurance are encouraged to visit their website, http://www.Insurance4Cheap.info and receive FREE insurance quotes from Multiple car insurance carriers.
Insurance for Cheap
Kurt Vanagan
503-552-6434
pr10@insurance4cheap.info
Source: EmailWire.com
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