Higher Sales Likely to Fuel Interest in Car Insurance Rates

A leading automotive website is predicting a 10 percent increase in vehicle sales for the month of July, which means many people will also be shopping for low car insurance rates. According to Edmunds.com, July sales are projected to hit 887,000 units, which would be an improvement over June's figures but 3.9 percent lower than what was recorded in May.

The recession is also continuing to take a substantial bite from the auto industry, since the estimate for July sales is still 25.3 percent lower than last June's numbers. "Value is the primary motivator for most sales today, so this summer's inventory clearance is especially enticing," said Jesse Toprak of Edmunds.com.

Of all major auto companies, only Chrysler was projected to sell fewer vehicles in July than it did in June. Some, such as Honda, Nissan and Toyota, are expected to see sales gains of greater than 20 percent.

Earlier in the month, Edmunds estimated that 100,000 consumers nationwide were in the market for an automobile purchase, but had yet to make a deal. With more Americans expected to be driving new cars in the coming months, it may also make sense for them to shop around for cheap car insurance rates as well.