Las Vegas, NV, September 03, 2013 --(PR.com
)-- More than three out of four consumers surveyed are paying more for car insurance than they did one year ago, according to a new independent survey conducted by WiseInsuranceQuotes.com.
The survey found that despite insurance companies widespread marketing efforts to project lower insurance rates for consumers, a huge majority of 76% say they are paying more for car insurance than a year earlier. An increase in car accidents, inflation and higher insurance company operating costs contribute to higher rates.
The poll comes on the heels of another major car insurance survey taken by Wise Insurance Quotes in early August. Three out of four drivers surveyed in that poll admitted to being in a car accident some time during their years behind the wheel. Insurance companies blame poor driving habits for charging higher insurance rates.
An increase in car accidents, higher auto repair costs and greater multiple car accidents in many urban areas across the U.S. have caused car insurance premiums to rise substantially, in some cases by as much as 125% in just over a year.
However, consumers are increasingly taking advantage of shopping for lower insurance rates online and many are finding lower rates. Wise Insurance Quotes is an independent news website that is not connected to the insurance industry, and provides insurance news to help consumers make better informed decisions on insurance. The site regularly surveys consumers on important financial issues related to insurance and other personal finance issues.