The (small) Upside of High Gas Prices

In every cloud there is a silver, or at least aluminum, lining, no?
As the price of gasoline tops four dollars a gallon nationwide, the Consumer Federation of America (CFA) today released an analysis showing that consumers who are driving less could save an average of 5 to 15 percent on their automobile insurance rates – about $47 to $142.1 (Potential average savings by state are shown.) While skyrocketing fuel costs have created great hardship for many consumers, these increases could mean immediate 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.  This holds true for business fleets as well… make sure your insurer knows if your driving habits have changed.