Auto insurance rates drop for 7th year
Automobile insurance rates decreased for a seventh consecutive year in New Brunswick, according to the 2011 Consumer Advocate for Insurance report.
The average premium is now $731, the report released Friday states.
The Office of the Consumer Advocate handled 1,604 cases in 2011.
About half of those were related to automobile insurance, down from more than 80 per cent in 2005.
House insurance represented 27 per cent of the cases, while 14 per cent were life and health-related, and ‘other’ at five per cent.
