Auto Dealer Exit Strategies

Did you know that on a November 2008 report from the National Association of Insurance Commissioners, or in short the NAIC, that in the year 2006, the average cost of automobile insurance declined by 1.7 percent. And in this report the National Association of Insurance Commissioners mentioned the top five states where there is the highest average expenditures are the following: first the District of Columbia with the average expenditure of $1,164, next is New Jersey with $1,152, followed by Louisiana with $1,094, New York with $1,083 and fifth is the state of Florida with $1,069. And the average expenditure for auto insurance in the entire country of the United States of America from the tear 1997 to year 2006 are the following: year 1999's average expenditure was $705, 1998's was $703, 1999's was $685, 2000's was $690, 2001's was $726, 2002's was $786, 2003's was $830, 2004's was $842, 2005's was $831 and for year 2006's average expenditure was $817.

Here are the top ten states with the most expensive and the least expensive auto insurance in the year 2006. For the top ten states with the most expensive car insurance are as follow: first state with the most expensive car insurance is the District of Columbia, second is the state of New Jersey, followed by Louisiana, New York, Florida, Massachusetts, Rhode Island, Delaware, Nevada and the tenth state with the most expensive car insurance is the state of Connecticut. And for the top ten states with the least expensive car insurance are the following states: the state with the least expensive or cheapest car insurance is in the state of North Dakota, second cheapest car insurance is in the state of Iowa, followed by state of South Dakota, Idaho, Kansas, Nebraska, Wisconsin, North Carolina, Indiana, and on the tenth state with the cheapest car insurance is in the state of Maine.

And for the year 2007, here are the top five cities in the United States with the most expensive and least expensive auto insurance. For the top five cities in the United States with the most expensive car insurance are the following: first is in the city of Detroit(MI) with the average annual premium of $5,072, second is in the city of Philadelphia(PA) with $3,779, followed by Newark(NJ) with $3,381, Los Angeles(CA) with $3,072 and at fifth is in the city of Hempstead(NY) with the average annual premium of $2,764. While for the top five cities with the least expensive car insurance are the following: the city with the least expensive or cheapest car insurance is the city of Eau Claire(WI) with an average annual premium of $869, second is the city of Norfolk(VA) with $954, followed by Raleigh(NC) with $966, Bismarck(ND) with $989, and on fifth for the cheapest car insurance is in the city of Burlington(VT) with an average annual premium of $1,001.

By: Jessica Cronin

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