Market Wire - CheapAutosInsurance.com Breaks Down the Bailout for Drivers

CheapAutosInsurance.com ,
based in San Jose, California, has offered comprehensive automotive
insurance data and rate quotes to readers since 2003. In the current state
of economic anxiety in the U.S., the company is particularly interested in
helping readers understand the personal ramifications of government
measures like the proposed $700 billion bailout of the financial industry
and its potential effect on their insurance rates.

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“Anyone who listens to the nightly news is scared,” said
CheapAutosInsurance CEO Brian Severson. “Many of us have heard stories of
the Great Depression from our grandparents and older relatives and we
wonder now if it can get that bad again. When the market takes a 700 point
plunge in a day and the government starts talking about the biggest
infusion of cash into the economy since the New Deal, people just aren’t
ready for that. We don’t know what it means for us as individuals or if it
affects things like our automotive insurance rates. Everything else is
going up. Is insurance going up too?”

A new section on the CheapAutosInsurance site entitled ” The Effect of
the ‘Bailout’ on Rising Car Insurance Rates ” seeks to address those
concerns. The news is not necessarily good for the consumer. The bailout
will cost the American consumer about $2,300 with little benefit being felt
immediately on Main Street due to the entrenched nature of the recession.

“They’ve been telling us for upwards to a year that there is no recession
in America,” said Severson, “and no one out there on ‘Main Street’ has
believed that. We’re the ones dealing with $4 a gallon gas and the rising
cost of automotive insurance. People are driving less and seeking
alternative forms of transportation because it’s getting so expensive to
drive and maintain a vehicle.”

The bottom line to the situation, according to the article, is little if
any change in the insurance situation for the long-term. “Do not expect
insurers or state regulators to do anything to alleviate the increasing
cost of car insurance. To lower the cost of car insurance ourselves,
continue to drive less; keep your old car instead of buying new; drive
defensively; repair your damaged credit rating; install anti-theft devices.
All of these measures are tried and true ways to obtain cheap insurance rates.”

Material like the up-to-date explanation of the effect of the bailout
program, plus sections on “green” vacations, hybrid technology, and gas
efficiency augment CheapAutosInsurance’s main mission: frank advice on cost
effective car insurance. Side-by-side with rate quotes, readers will find
these articles and more on topics like anti-theft devices and the pros and
cons of having more than one vehicle on a policy. The content of
CheapAutosInsurance.com is constantly refreshed to reflect the latest
developments in the insurance industry. The editors welcome and invite your
questions, comments, and ideas. Send email to:
editor@cheapautosinsurance.com .

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Contact Information

Brian Severson
CEO and President
CheapAutosInsurance.com
Santana Towers
3031 Tisch Way, 7th Floor
San Jose, CA 95128
Ph. 408 516 4544
Email: Email Contact