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Assume European Taxi Insurance Rates in KansasAccording to the Insurance Information Institute (I.I.I.) and National Association of Insurance Commissioners (NAIC), the cost of auto casualty insurance has actually been on the decline the last couple of years. It has only been by a mere 1.7 percent and then 1 percent but that is better than the rising rate of auto casualty insurance in the past (of 3% or more annually). Why are rates declining? The number of auto accidents is on the decline due to better drivers and safer cars as well as crackdowns on fraud and abuse. However, due to the rising costs for medical care, vehicle repairs and high jury awards the potential of price increases in the future still remain a possibility. Automobile theft rates and fraud will keep costs higher for motorists in some states, such as Florida, Massachusetts, and New York. 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