Regulator study shows, Iowa motorists ranking federal 50
Iowa motorists ability to prevent accidents, the State has one of the best place to buy auto insurance, an industry report indicates.
A survey by the National Association of Insurance Commissioners, found that in 2003-04 Iowa driver pay an average of $ 686 in annual premiums. It is less than half what auto owners paid in New Jersey, has the most expensive of the average annual rate of $ 1386th Iowa ranks 50 out of a total of 51 countries.
USAA insurance company resident of Texas, has reduced car prices in Iowa 9 per cent, because he said motorists in the state, are the driving force.
Roger Wildermuth, a spokesman for USAA, said the relocation of the company, because their customers have filed applications for fewer accidents and thefts. Since USAA not the resources to consumer complaints, they have the leeway to reduce taxes, Wildermuth said.
Factors such as traffic jams and regulatory provisions for insurance companies also have an impact on the insurance rate averages, said experts.
Copyright 2008 Associated Press. All rights reserved. This material may not be published, and much more, reformulate or another.
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