Auto Insurance Rates Going Up

According to the Bureau of Labor Statistics (BLS), insurance rates in North America have climbed 4.5% in January, 2011 compared to the same period in 2010. In the last year, insurance rates have seen a climb by at least 0.2% every month, and some months the rates climbed much higher.

The National Association of Insurance Commissioners in their most recent report mentioned that back in 2008, the National average was $902 a year. That figure is now closer to $1000 a year.

[Source: PR Newspire via AutoGuide.com]