SOURCE: InsuranceRates.com

InsuranceRates.com

October 21, 2009 08:42 ET

Texas Auto Insurance Rates Decline 14.2 Percent in 2009

Median Six-Month Rate Now Under $750

SACRAMENTO, CA--(Marketwire - October 21, 2009) - The median six-month auto insurance rate in Texas has decreased more than 14 percent since the beginning of 2009 to reach $744.00, according to InsuranceRates.com™.

Other Texas median rates by demographic group include:

           Demographic Group                          Median Six-Month Rate
           Men Only                                          $773.25
           Women Only                                        $722.69
           Age Group: less than or equal to 19              $1580.88
           Age Group: 20 to 24                              $1028.00
           Age Group: 25 to 29                               $742.50
           Age Group: 30 to 39                               $731.75
           Age Group: 40 to 49                               $729.50
           Age Group: 50 to 59                               $675.75
           Age Group: 60 to 74                               $662.75
           Age Group: greater than or equal to 75            $653.75

Texas rate statistics:

--  Men in Texas have a median auto insurance rate almost seven percent
    higher than women.
    
--  Drivers in Texas 19 years of age or younger pay a median auto
    insurance rate that is over 140 percent higher than drivers age 75 or
    older.
    
--  A Texas driver who pays the six-month median rate of $744.00 and earns
    the Texas median annual income of $41,290 pays approximately 3.60 percent
    of his or her gross income for auto insurance. By this "affordability
    factor," Texas is the 18th most expensive state to insure a vehicle.
    Currently, Massachusetts is the most affordable with a factor of 2.00
    percent, while Louisiana is the most expensive with a factor of 6.64
    percent.
    

Texas drivers who want to learn more about saving on their auto insurance and anonymously compare rate quotes from multiple carriers can visit InsuranceRates.com.

To request more information about rates and rate trends in your region, please visit: http://www.insurancerates.com/press-requests.html.

About InsuranceRates.com's™ Auto Insurance Rate Data

To determine these median national and state auto insurance rates, InsuranceRates.com uses comprehensive profiles of InsuranceRates.com customers, as well as a proprietary system that tracks the rating algorithms of multiple insurance carriers in each state. By tracking these rates over time, InsuranceRates.com is also able to demonstrate a directional trend. Median rates are determined using actual customer profiles that can include multiple drivers, multiple vehicles and other variables. Median income numbers are determined by customer ZIP Codes.

InsuranceRates.com's auto insurance rate data is also accessible via the InsuranceRates.com Auto Insurance Rate Trend Tool. To view, please visit: http://www.insurancerates.com/media-center/insurance-widgets.html and click on "View Widget." Please note that the Trend Tool is updated daily and uses fewer carrier algorithms than the data above. As such, rates displayed in the tool may vary from those shown in this press release.

About InsuranceRates.com™

InsuranceRates.com™ is a property of InsWeb Corporation (NASDAQ: INSW).

InsWeb owns and operates a network of leading insurance marketplace and education websites. Founded in 1995 and headquartered in Sacramento, California, InsWeb's other primary properties include InsWeb.com, BestInsuranceMatch.com, FreeInsuranceAdvice.com, LocalInsuranceAgents.com, and AgentInsider.com. In 2008, more than 10 million consumers turned to InsWeb for answers to their insurance questions. To learn more about InsWeb Corporation, visit www.InsWeb.com.

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