When it comes to Auto Insurance the best way to save is still by shopping around.
Mark Hanna form the Insurance Council of Texas says a new report shows that for some insurance companies, the rates they charge for coverage didn’t climb at all last year. However, some insurers have had double digit increases in price.
The study also finds home renters sometimes pay more for auto insurance than home owners.
Hanna says in many cases it boils down to credit scores.
Home owners typically have a better credit rating than those who rent and that’s the first thing many companies look at when considering you for coverage.
The study was done by The Consumer Federation of America.