III Says Auto Rates Rise Smallest In 4 Years
NU Online News Service, March 31, 11:05 a.m. EST?Auto insurance premiums are expected to rise 3.5 percent on average this year, the smallest increase in four years, the Insurance Information Institute said.[@@]
The projected increase represents a substantial slowdown from 2003 when auto premiums rose 7.8 percent. The average cost for auto insurance for 2004 is estimated at $871, a $29 increase over last year, III said,
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