The car insurance rates declined 3.5% in 2009 to $1,803 per year. After rate increases of 8% in 2008, the rate cuts this year allowed auto insurance shoppers to save money on premiums by purchasing new policies.

According to insurance.com, the overall car insurance rates rose from $1,810 at the end of 2007 to $1,954 in 2008, they dropped down to $1,803 as of November 2009. The reports further states that November showed lowest car insurance quotes. The decrease followed a .09% decrease from $1,893 to $1,876 between the first and second quarters of 2009.

Sam Belden, vice president of Insurance.com, said: “Car insurance rate decreases in 2009 came as a relief for many consumers. We expect rates to hold steady or continue falling as we enter 2010. It’s a great time to shop for insurance.”