Automobile Insurance Rates - Regulations For Automobile Insurance Rates?

Q: Are there national guidelines that regulateMake sure you get the best rate you qualify for
automobile insurance rates? I'm wonderingin your new state by getting multiple quotes for a
because my insurance went up quite a bit when Ipolicy. This is one way you can lessen the financial
moved out of state.impact your move had on your insurance
A: Automobile insurance rates are regulated bypremiums.
the state in which they do business. The ratesAnother good way to find a cheaper policy is to
are determined, in part, by location.see if your workplace or any club you may
For instance insurance premiums cost less inbelong to has negotiated a discounted rate for
South Dakota than they do in Manhattan. Theauto insurance.
reason for this is because a driver is much moreWe hope this answered your question about why
likely to be involved in an accident in Manhattanautomobile insurance rates vary so much from
just because there are so many other drivers onstate to state and that you will take our advice
the road.when shopping for your new policy.
It is not uncommon for insurance premiums to goIt's strongly recommended that you shop around
up when moving form one state to the next; inand obtain auto insurance quotes from several
fact some companies do not do business at all incompanies. This will ensure that you save money
certain states because of the difference in stateon your premiums and receive the best coverage
regulations.possible.