New York Times Reports Millions Live Where Auto Insurance is UNAFFORDABLE

A recent article in the new York Times reported that millions of drivers live in areas where car insurance is unaffordable.

"The study defined “unaffordable” areas as those where the ratio of the average auto premium to household income exceeded 2 percent. Nationally, the average household spends about 2 percent of its annual income on auto insurance."

Millions Live Where Car Insurance Is Unaffordable, Study Say

New York Times 

Your Money Adviser

By ANN CARRNS JAN. 25, 2017

Continue reading the main storyShare This Page

• Share
• Tweet
• Email
• More

"And close to half of the affected population identified by the study live in the tristate area of New York, New Jersey and Connecticut."

"Does the type of car I drive affect my insurance rates?

Yes, so you should take that into account when shopping for a car, Ms. Stanger said. Often, your insurance agent can provide an estimated quote for the make and model of car you want to buy before you purchase it."