Gas Soars and Drivers are Urged to Seek Insurance Relief by Insurance Journal As the price of gasoline tops four dollars a gallon nationwide consumers who are driving less could save an average of 5 to 15 percent on their automobile insurance rates - about $47 to $142. That's according to the Consumer Federation of America (CFA), which says that skyrocketing fuel costs could mean savings on automobile insurance as drivers react to high gas prices by using mass transportation, car-pooling, taking fewer trips to the store or curtailing their vacations. click for full story Gas Costs Fuel Auto Insurers by Greg Bordonaro, Hartford Business Journal Staff Writer While soaring gas prices are discouraging Connecticut drivers from hitting the road, analysts say auto insurers are likely to benefit from the trend. Higher gas prices tend to correlate with fewer miles driven, which translates into less accidents and better loss ratios for auto insurance companies, the argument goes. Click for story Crude Reality: Auto dealers see changes in consumer preferences by Nathaniel Shuda For the Wausau Daily Herald ...many dealers agreed gas mileage has become the biggest factor for many customers -- even surpassing the year and number of miles. "People aren't afraid of the miles like it used to be," said Deborah Zwicke, manager at Dick's Auto Body & Sales in Marshfield. "Gas mileage is the No. 1 thing in the market right now." Click here for Story Motorists Slowing Down, Wisconsin Transportation Director Says A Wisconsin patrol official says motorists in the state appear to be slowing down. Transportation safety director Dan Lonsdorf says the rising cost of gasoline is one of the biggest factors contributing to the reduced speeds. Click here for Story
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