Troubled Economy Increases Amount of Uninsured Motorists Reports 2insure4less.com

Jan. 29, 2009 - PRLog -- North Hollywood, CA — 2insure4less.com, an independent consumer resource for comparing insurance quotes, reports that the Insurance Research Council is reporting a marked increase in the number of uninsured drivers.

The recent economic recession has contributed to the large numbers of consumers letting their (http://www.2insure4less.com) car insurance policy lapse either by non renewal, non payment or late payment of car insurance premiums. As people lose their jobs, they seem to resort to drastic methods to cut costs, even if these methods could have tragic outcomes in the long run,” says CEO Eric Oster of 2insure4less.com. The vice president of the Insurance Research Council explains that just a single percentage point increase in the unemployment rate will increase the percentage of uninsured drivers by a half point.

“Some consumers are not letting their car insurance policies lapse, however many are cutting down their car insurance coverage to the bare bones minimum,” says Oster. The high numbers of uninsured or underinsured drivers on the road pose a real risk to every single motorist. (http://www.2insure4less.com) 2insure4les.com advises individuals to carry adequate uninsured or underinsured motorist insurance coverage. 2insure4less.com aids consumers in finding the most affordable car insurance quotes using their unbiased automated insurance rating engine.

About 2insure4less.com

Since 2004, 2insure4less.com has been operating its free quote referral service, allowing insurance shoppers nationwide to find the most competitive insurance quotes in a variety of insurance lines and annuities. 2insure4Less.com does not sell insurance, but utilizes a competitive bidding system to identify the most economical (http://www.2insure4less.com) insurance quotes in the applicant’s state. Consumers use the service to locate car insurance quotes, life insurance quotes, disability insurance quotes, long term care insurance quotes, health insurance quotes, cancer insurance quotes, burial insurance quotes and insurance quotes of various different types of business insurance products.

http://www.2insure4less.com
6400 Laurel Canyon Blvd, Ste 460
North Hollywood, CA 91606
Phone: 800.647.2164
Fax: 800.647.2142
Eric Oster

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InsuranceBureau.com reports that many home insurance companies see a spike in home insurance claims during and after the winter holiday season.