2017 J.D. Power Auto Insurance Study

Car InsuranceNo one wants to over pay for their auto insurance, and so consumers are rightfully concerned when they read that the 2017 J.D. Power Auto Insurance Study shows rates going up all across America. Based on J.D. Power’s newest study 26% of car owners saw their auto insurance rates increase. On the positive side, the study found, “overall satisfaction with car insurance has improved”

Chicago has seen many insurance companies raise rates for many of the same general reasons as the majority of the country. In part due to lower gas prices, motorists are taking to the roads and logging a record number of miles- more cars out on the streets leads to more accidents. Chicago also had a worse than average winter, after several years of low snowfall. Weather plays a significant role in affecting insurance rates, a single storm can wipeout a company’s yearly profit.

Now more than ever, remember that prices will vary widely from one company to the next. There are still great values and opportunities to save on your car insurance. The company that offers the lowest rate on a middle-aged married couple might be one the highest on a 20-year-old male single. Some companies sell direct through a captive agent force. Independent agents, like Urban Insurance Agency offer policies from several different insurance companies. It is for this reason that Urban Insurance will shop out a variety of companies looking for the best rate and coverage to meet your needs. For over 55 years we have been representing more than thirty companies in order to get the best coverage and most competitive rates.

Read 10 Ways to Save on Auto Insurance

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Urban Insurance Agency, LLC  800 W Huron St #301, Chicago, IL 60642   312-664-8088

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