Car Insurance Rates Drop Again in March

While the average fell only 0.5% in March, that came on the heels of December’s 3.2% plunge.

If you break down the numbers state by state, 19 states saw insurance rates fall last month. Arizona saw the largest rate decrease (5.1%) and South Dakota had the largest hike (6.7%).

Sam Belden, vice-president of Strategic Alliances, said this might be a good time to buy car insurance. Because most policies renew every six months, people who purchased insurance in October, when it was extra pricey, could now find rates that are $100 less, on average.