The cost of auto insurance is expected to rise by just 0.5 percent in 2006, the smallest increase in six years, according to the Insurance Information Institute.
Average cost for auto insurance nationwide for 2006 is estimated at $867–an increase of just $4 per vehicle from last year despite record vehicle-related losses arising from the 2005 hurricane season, New York-based I.I.I said.
That projected increase represents a continued slowdown from 2005 when auto insurance costs rose by 2.5 percent.
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